June 2008 Presentation : Link here

March 2008 AST Write Up : Link TMF Post Ascent Article Archive Folder : Link to AST archive folder

Detailed Info on Italian Prospects : Link to post 2 (Explo.)

Detailed Info on Swiss Prospects : Link to post 3 (Explo.)

Detailed Info on Spanish Prospects : Link to post 4 (Prod. + Explo.)

Detailed Info on Dutch Prospects : Link to post 5 (Explo.)

Detailed Info on Hungarian Prospects : Link to post 6 (Prod + Explo.)

Detailed Info on Slovenia & Gabon Prospects : Link to post 7 (Explo.)



Web Site : http://www.ascentresources.co.uk

Email : info@ascentresources.co.uk

Sign up for email news alerts here : Click Here


Oil and Gas Guide for those who want to know more : Link to PDF file

5.8m in large buys today, would say the overhang might be clearing.

L2 now up and 4 v 1 @ 11.75/12.5


I would guess FGY-2 is looking good, and someone given the nod to clear the overhang ???????? Speculation only by me.

Spot on PP.

Good call.

Well, now expecting news on both CPNR and AST next week, could be exciting.

.

Sorry PP, AST down and out for now, still TMC up and CPNR small correction.

I don't think it's time for me to sell these while they are on a 6 well drill campaign over this year coming.

A wet hole(better known as a duster), is to be expected when the industry average is 10%.

The water contact could possibly be a clue to oil being above that, and then gas above that. This could be the reason why the other minority partners have increased their option today on the field imo.

I am easily spooked with these E & P oilers, but in this case, I am relaxed and confident of the eventual outcome say in a couple of years time.

If you look above in the header most of the directors have bought above todays level.

I bought in lower!

If the fundamentals have not changed, and they haven't, then I think I will stay.

Others must do as they think they should.

As always please dyor etc.

Well, the Italian well is the next one up, it should have spudded last week, and the Po Valley is another important one for AST.

The results from the FGY-2 drill had positive vibes, in the reservoir found, ok in this location its water, but the reservoir is in many places, and some will no doubt yield gas, so for the long term, it was a good result to find such high quality reservoir structure, for the short term sad its water filled. Next Hungary drilling should be March 07 now, they are still very excited over it.

A chance to get answers to any questions you have on Ascent !

Follow this link and click through to the Ascent forum to post your question. (Its free to register and use)

http://www.proactiveinvestors.co.uk/registered/bb/index.php

Proactive investors are interviewing Ascent Resources Next Week.

Jeremy Eng, MD of Ascent Resources will be taking part in a audio interview in the coming weeks. If you have a question you would like to put forward to him, please leave it on this board and we will try to get an answer for you.

Please remember that directors of publicly listed companies cannot disclose price sensitive information or information otherwise not in the public domain, so make sure your questions are well crafted !

http://www.proactiveinvestors.co.uk/registered/bb/index.php

18th December 2006

Ascent Resources plc ('Ascent' or 'the Company')
Commences drilling Anagni-1 Well in Italy

Ascent Resources plc, the AIM-traded oil and gas exploration and production
company, has commenced the drilling of the Anagni-1 well in the Frosinone
Exploration Permit about 80km east-south-east of Rome, with Pentex Italia
Limited as operator.

Anagni-1, which is primarily designed as a stratigraphic (geological research)
well, is planned to be drilled to a depth of 1,000m. The well location is in
the Latina Valley in the Frosinone Exploration Permit (Ascent 70% interest) and
is circa 40km north-east of the Ripi oilfield in the Strangolagalli Concession
(Ascent 50% interest in the exploration rights). The Anagni-1 well will
investigate the shallow and intermediate Cretaceous Carbonate plays of the
Anagni Structure, which may contain oil reservoirs.

The drilling of the Anagni-1 well commenced on December 16th. On completion of
this well, the rig is scheduled to move to Spain to drill the Hontomin 4
appraisal well in the Huermeces Exploration Permit (Ascent 50%). The drilling
of the Arrone-1 well in the Fiume Arrone Exploration Permit (Ascent 40%) has
been postponed and now may be drilled, contingent upon access to the drilling
location, when the rig returns from Spain.

Ascent Resources Managing Director Jeremy Eng said, 'The results of the Anagni-1
well will be very interesting, as we know that there is oil in the immediate
vicinity. The seismic resolution in this area is poor, hence the necessity for
this stratigraphic well, which none the less has the potential to make a notable
oil discovery. Our drilling programme is continuing and we are looking forward
to the Hontomin well which is close to our existing production from the
Ayoluengo oilfield in northern Spain'.

* * ENDS * *

having pulled out of SCR which has since
plummeted to 8.50 I have followed this
share AST as well. Seems a good time to buy.
Yet nothing in oil is moving see Sterling.

Sterling is not atypical for oil stocks.

There is a good reason why that has not moved.

Chinguetti.

They get that right with the remedial, things will move once the expected flow of 10kbopd is shown as reliable.

If they don't.............!


Thanks for th heads up on SCR, not been keeping up there.

I will look for the reversal of the trend there to buy.

AST - no problems here.

LONDON (AFX) - Aurelian Oil & Gas PLC said its Romanian subsidiary will buy Ascent Resources PLC's unit Millennium International Resources Corporation Limited for 2 mln eur in cash.

Millennium's sole assets comprise its 5 pct interest in the Brodina, Cuejdiu

and Bacau concessions in Romania, where Aurelian is already a co-venture partner

and operator.

The acquisition increases Aurelian's stake in the Brodina and Cuejdiu concessions to 33.75 pct, and in the Bacau concession to 52.5 pct.

Michael Seymour, managing director of Aurelian added that 'drilling in our

Brodina concession is expected to commence around March 1 of this year.'

Ascent said in a separate statement that the proceeds of the sale will be used to further develop its operated European exploration and production portfolio.

Ascent managing director Jeremy Eng said: 'The increase in the value of

Millennium since we acquired it in April prompted the board to sell this non

core asset and invest the proceeds in Ascent's extensive operated portfolio.'

newsdesk@afxnews.com

ks

Ascent Resources PLC
08 January 2007





Ascent Resources plc ('Ascent' or the 'Company')


Disposal of Romanian Interests


Ascent Resources plc, the AIM-traded European oil and gas exploration and
production company, has entered into an agreement to sell its wholly owned
subsidiary, Millennium International Resources Corporation Limited
('Millennium'), to Aurelian Oil & Gas PLC for a cash consideration of
EUR 2,000,000. The assets of Millennium are a 5 per cent. non-operated interest
in three concessions in Romania. The proceeds of the sale will be used to
further develop Ascent's operated European exploration and production portfolio.


Millennium's Romanian assets, the 5 per cent. interest in the Brodina, Cuejdiu
and Bacau concessions, although producing some gas from the Bilca development,
were non core to the Company's strategy. With a substantial appreciation in the
value of the Millennium assets, the decision was taken to realise this value and
to invest the proceeds in accelerating the development of Ascent's operated
interests. Following the disposal, Ascent will hold interests of 50 per cent. or
more in the majority of its portfolio located in Italy, Switzerland, Hungary,
Spain and offshore Netherlands.


From gas sales in October, November and December 2006, Millennium had a turnover
(unaudited) after Government Royalty of EUR 70,000.


Ascent Managing Director Jeremy Eng said: 'The increase in the value of
Millennium since we acquired it in April prompted the Board to sell this non
core asset and invest the proceeds in Ascent's extensive operated portfolio. We
are currently drilling our third well in as many months. When the rig has
finished in Italy, it will move to Spain to continue drilling. Despite our high
level of activity, and with more Hungarian and Italian drilling already planned,
Ascent's portfolio includes 15 operated projects that will remain undrilled at
the conclusion of this campaign.'


* * ENDS * *

News now due from Italy, will it be good or bad.....its a geologic drill, so interest is in the structure and potential, not about hitting oil or anything.

Lovely news today, very encouraging :

http://www.investegate.co.uk/Article.aspx?id=200701290700562541Q

Cenkos initiates coverage of Ascent Resources

Monday, January 29, 2007, 07:45 AM

Cenkos Securities initiated coverage of Ascent Resources today, coinciding with an update from the company on its Anagni-1 Well (Ascent 70%) in Italy.

Anagni-1 encountered oil in open fractures. The well was drilled to a total depth of 971 meters - carbonates and electronic logs confirmed the presence of fractures from 921 meters and a 5 meter core sample taken from the well had oil shows. Ascent will now source additional equipment to deepen the well to 2000 meters to test the extent of the oil reservoir.

Jeremy Eng, Managing Director added, "Finding the top of the oil-prone Carbonates close to our anticipated depth and much shallower than in the nearby Gavignano-1 well was encouraging. Then to drill reservoir quality rocks containing oil is a fine result. We are going to deepen Anagni-1 to quantify this discovery and will proceed as soon as suitable equipment has been sourced."

Cenkos Securities initiated coverage of Ascent with a buy recommendation and valued the company on a risk weighted basis at 29p. Cenkos added that the upside beyond 29p was significant as its risked valuation awarded no value to most of the company's projects including prospects in the Netherlands, Switzerland and Po Valley in Italy.

Ascent also has a drilling rig en-route to Spain to drill the Hontomin-4 appraisal well in the Huermeces Exploration Permit (Ascent 50%).

PP. agree all very encouraging, with lots more opportunities to come.

Indeed.

Next up Spain, then 2 Hungary gas wells commencing March, and also after that the results here of the well deepening in Italy.


A question for the buffs, given the following statement then what is the depth of the Gavignano-1 wells payzone(s) ?

How far are we above those zones here at "the top" of a reservoir ?

Given this information, we could work out a potential "pay zone" possible size, one that we can dream might become reality.

It seems exciting when Jeremy says " much shallower " - meaning there just might be plenty of potential for a lot of pay zone (fingers and toes crossed).

All in all, not bad for a Geologic Study well to actually strike oil, perhaps Ascent need to do more of these, and less of the ones actually looking for oil and gas.... ;)



Jeremy Eng, Managing Director added, "Finding the top of the oil-prone Carbonates close to our anticipated depth and much shallower than in the nearby Gavignano-1 well was encouraging. Then to drill reservoir quality rocks containing oil is a fine result. We are going to deepen Anagni-1 to quantify this discovery and will proceed as soon as suitable equipment has been sourced."

Cenkos upgraded target price to 32p (from 29p) following todays news it seems........

Well that would be 200% profit, with further potential upside. Any timescales given by Cenkos?