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

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?

No, this is of course a theoretical value for now..........therefore according to their risk weighting, we are well undervalued.

30th January 07 MP3

Proactive Audio Interview (2.4MB) Ascent Resources

Jeremy Eng MD of Ascent Resources talks with Harry Norman about Ascents new oil discovery in Italy, the rationale for emphasising gas over oil, the focus on an overlooked European gas niche ...and much more.

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

Audio Link : http://www.proactiveinvestors.co.uk/articles/audio/ast.mp3

Copy of a post I put on AFN :

PapalPower - 30 Jan'07 - 00:56 - 5138 of 5138


As I said earlier, I like the management here. They did not have to sell the Romanian assets, but thought it prudent to raise money to eliminate any placing needs (at this difficult time in the markets for raising cash). They have proven to be very good at operating the company, and focussing on what needs to be done.

This to me is proof of good management, you hear a lot of people talking about names and its great management, well it all boils down to actual real life proof of the fact, and here at AST I think we have seen that - nobody can predict drilling results and success or failure there, but what you can back is good management of the money, the prospects and that side of it.

Of the junior oils I follow, both AST and PELE have proven to be (outside of luck with the drill bit) that they have good management, in PELE's case they turned around an exploration company in Guatemela, into a production company in Colombia that also has some exploration in Guatemala and Colombia, no mean feat it itself, and here at AST they have eliminated any need for placings, are fully funded for the 2007 drill campaign, and looking "very safe" at present. This situation will deter any bids for the company, unless of course someone is willing to pay "top notch" money for them, but the vultures will look for those companies that have no production, no positive cash flow, and pick them off cheaply late summer when the money runs low imo.

When the chips are down, or the hand is hard to play, its where the management prove their real worth, and either pull of some great deals and pull through, or end up going down the slippery slope. History is history and what happened elsewhere may have been a series of fortunate events or the work of others - so I'll only rate management at what they do for the company they are in now - not what they (or someone else) did last time, and so far, the management at AST are proving their worth time and time again.

Projects

Producing:

88.75% of the Ayoluengo oil field in Northern Spain. The reserves here were acquired at an average $6/bl, and 115bpd is the current production rate. At the moment this is sufficient to cover administrative overheads (but not exploration costs). Well workovers (both maintenance and with a view to increasing production) are underway and will continue through to Q2 alongside the introduction of new oil production technology and enzyme treatments to enhance recovery rates.


Drills recently completed:

Hungary, Pen-104 (54.45%): 4m intersection flowed with a rate (under restriction) of 3.4MMscfd (600boepd). The target which flowed had a Most Likely size of 2.3bcf, but given the high flow rate this is likely to be revised upwards. The well is currently suspended for production

Hungary, FGY-2 (54.45%), hit water in a reservoir-quality interval.

Italy, Latina Valley, Frosinone Permit, Anagni-1 well (70%), confirmed the presence of a carbonate platform from 865m to total depth (c.971m). Oil shows observed from 905m-926m, with fractures continuing to 971m. The well has been temporarily completed and will be drilled to 2000m when equipment has been procured.


Rig en-route to:

Spain, Sedano Basin, Huemeces, Hontomin-4 well (50%), oil target drilled by Chevron in 1968, which produced but was sub-commercial at the time.


Drills to follow (with the same rig):

Spain, Sedano Basin, Basconcillos H Permit, Tozo-1 well (50%), oil target drilled by Chevron in 1965, which flowed several hundred barrels over a five-month period and also contains an un-tested gas find.

Italy, Latina Valley, Frosinone Permit, Anagni-1 well (70%), recently completed with positive results, the well will be deepened from 971-2000m and tested.


Other contracted and permitted drilling:

March/April 2007- Hungary, Pen-102 (54.45), targeting the eastern part of an earlier discovery (Pen-12 which flowed 1.5MMcfd from a 40m intercept) with a Most Likely 42Bcf at two horizons with an additional upside of a possible 36Bcf.

To follow Pen-102- Hungary, Vamos Prospect (54.45%), targeting a larger but higher-risk structure with an upside potential of 100Bcf.

Unknown timescale- Italy, Latium Cost, Fiume Arroe (40%), gas target, drilled and found in 1955, 950m TD.


Other Activity:

In Hungary we have 90% of a joint venture which has signed an agreement with MOL (Hungarian Oil and Gas company) to develop large tight (low permeability) gas reservoirs throughout Hungary. A three well program has been submitted to them for approval.

In the Canton of Vaud, Switzerland we have 90% of the JV which owns three exploration permits, (total 693.5 sq km) which contain three unappraised discoveries (from 1962/72/82) as well as unexplored Triassic potential (which is producing in neighbouring South Eastern France). The work program is currently concentrated on reprocessing seismic and geological studies, and subject to permitting and rig availablilty an initial exploration well will be drilled this year.

In Italys Po Valley we have purchased a company (Vintage) with two gas exploration permits in a gas-rich, proven, valley. Following seismic reprocessing which yielded encouraging results, the environmental permits for 2 wells have been submitted, and Ascent are in the process of applying for two more. Drilling is expected to begin around september this year.

In Italys Latina Valley a 60km seismic survey will also be shot over the Frosinone permit (70%) and the Strangolagalli permit (50%, excluding the producing Ripi oilfield).


Other permits- plans not known:

In Gabon, after what looks to me like some shrewd investment (receiving back costs and 404,350 Afren shares), we have a 1.75% net profits royalty in two Production Sharing Contracts (the Iris Marin and Themis Marin, both operated by Sterling Energy who have 3D seismic over the areas and are looking to drill soon)

Holland (45.75%), offshore- Four licences covering a total of 795 square kilometres. One of these contains a discovery from 1982 which flowed at 233Mscfd. There are another two licences being processed. Drilling is not expected until late 2008/ early 2009.

Looks like a very busy time for AST. I notice mm's have moved price down this morning, obviously to buy on the cheap. It is annoying when good news isn't properly rewarded........Well it was marked down in pre opening auctions.

Certainly up now :)