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 on line limits are :

BUY 5K @ 16.18p

SELL 150K @ 15.5


L2 at 6 v 1 @ 15/16.25


Ready for a good blast upwards ? ;)

If you look at what was paid (in total and commitments) for the 10% extension of the Agnani well, I think JE is thinking this is going to be a company maker. We will know by June/July time, and if it is, then the TW target of 45p might be reached very soon imo.

Solid moves again.

On line buy 75K but sell is 150K.....so strong there.

Looks like short of stock again, on line limits are :

BUY 15K @ 17.38p

SELL 100K @ 17.01p



L2 is 4 v 2 @ 16.5/17.5

250K X at 17.5p (well above mid), thats a positive sign imo.

On line limits now :


BUY 10K @ 17.93p

SELL 150K @ 17.51p



Short of stock again..... :)

From JP at http://www.sharecrazy.com :


"Well Crazies, JP attended the Master Investor show (in civvies of course) and was most impressed with the display stands, speakers and venue. In particular Duncan Bannatyne and Mark Slater impressed. Incidentally, among Mark Slater's tips at the show were:


Prudential PRU
BT Group BT
Cape CIU
Ascent Resources AST


Joe"

PP, I went also, Mark Slater thought there was very little potential downside for AST even if they have the occasional dry well drill, because of their exciting/extensive portfolio. Will be interesting to see what happens on Monday especially as stock has been getting short. He thought this could be a 4 bagger at least, we shall see ........ certainly looks promising.

I would say its a potential 3 bagger in a year or so.

On an unrisked basis it could be a 50 bagger in a few years.........but lets stick with the lower 3 bagger for now ;)

L2 now all blue and 5 v 3 @18.5/19.5


On Line Limits are :

BUY 5K @ 19.45p

SELL 150K @ 18.8p



So pretty much short of stock, still.

Ascent Resources PLC
10 April 2007


Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas



10th April 2007

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

Hungarian Projects Update



Ascent Resources plc, the European focused gas and oil exploration and
production company, in conjunction with its 90% owned Hungarian joint venture,
PetroHungaria Kft, announces an update on its Hungarian activities.



The gasfield redevelopment project in the south west of Hungary, in association
with MOL, the Hungarian oil and gas company, has been granted project sanction
from MOL's Upstream management. Additionally, the project has been granted by
the Ministry of Economy and Transport a reduced royalty rate of 12.46%, down
from 70% previously, for gas produced under this redevelopment initiative.
Planning for the drilling of horizontal recompletions (horizontal drilling from
an existing wellbore) continues and the availability of suitable drilling rigs
and associated specialist equipment is being checked.



In the Nyirseg project in the north east, drilling locations are being prepared
for the upcoming two well drilling programme. These wells are the option wells
under the farm-in agreement and are 79% funded by DualEx and PetroPequnia but
with PetroHungaria retaining a 60.5% working interest. The first well, PEN-102,
is an appraisal well of a gas discovery, made in 1983, but never placed on
production. This well is targeting lower Miocene tuffaceous reservoir rocks that
produced in the Peneszlek gas field 6km to the east. In addition, the prospect
includes a shallower Pannonian Sand prospect similar to that successfully tested
in the PEN-104 discovery. The second well, VAM-1, will test an exploration
prospect in the Vamospercs area, roughly 18 km to the southwest of the Peneszlek
field. Drilling of PEN-102 is anticipated to commence in May, immediately
followed by VAM-1.



Also in Nyirseg, a development feasibility study for the PEN-104 gas discovery
(announced on the 14 November 2006) has been completed with options currently
being assessed for bringing PEN-104 to market in 2007, subject to contract,
permitting and approvals.



Ascent Managing Director Jeremy Eng said. 'Good progress has been made on the
Company's two projects in Hungary and both of these have the capability to
increase reserves as well as to produce and sell gas in the short-term, thereby
providing additional cashflow for the Company.'

Very good news, reduced royalty percentage and into production in 2007.

Absolutely, can't figure out why SP drop???

Tipped as a buy today :

http://news.independent.co.uk/business/analysis_and_features/article2439551.ece

Ascent Resources

Our view: Buy

Share price: 17.5p (-1.25p)

Most oil and gas explorers on the Alternative Investment Market (AIM) look to exotic parts of the world in search of opportunities.

Not Ascent Resources: it is focused on a series of projects in Europe which from an investment point of view makes for a far more enticing proposition.

Firstly, the company faces virtually no political risk. Secondly, it is far easier to do business in this part of the world given the physical and legal infrastructure.

The fact that Ascent is focused on onshore projects - which are less expensive to drill than offshore sites -adds to the attractiveness of the company.

The AIM group has so far been drilling three wells, two of which have already produced discoveries - gas in Hungary and oil in Italy.

This is pretty good going by anyone's standard. Ascent also has a producing oil asset in Spain which covers company overheads.

Yesterday it issued a positive update on one of its projects in Hungary (a joint venture with the state oil company). Investors should not be surprised by more upbeat news from Ascent in the coming months.

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1176429620&feed=oilbarrel_en

13.04.2007

Fiscal Improvements Enhance Ascents Hungarian Gas Redevelopment Project

It is two years since Ascent Resources made its debut in Hungary by signing a joint venture to explore the Nyriseg-South and Nyirseg-Sztmar licences in the northeast of the country. This exploration acreage and the fallow Peneszlek gas field have been the focus of activity in that country to date but this week the AIM-quoted company was able to update investors on its other Hungarian venture.

Back in August 2005, Ascent signed an MoU with Hungarian firm MOL to work together on the redevelopment of tight gas reservoirs in the southwest of the country, an area where conventional gas has been produced. Interestingly, many of these reservoirs extend across the border into Slovenia, where Ascent recently bagged interests in two fields through the acquisition of Nemmoco Slovenia Corp.

The plan is to use state-of-the-art recompletion techniques to unlock difficult-to-access reserves and improve flowrates from low permeability reservoirs. The gas would then be processed and transported using the existing production infrastructure, keeping development costs low.

Now the Ministry of Economy and Transport has granted the enhanced gas recovery project a reduced royalty rate of 12.46 per cent, down from 70 per cent. This improvement is in line with the hydrocarbon law for new investment in oil fields and comes as a result of a lobbying campaign by MOL and Ascent. This royalty reduction is important to the project economics. It makes a significant difference to the project, managing director Jeremy Eng told oilbarrel.com. Without this, the project would be marginal.

The fields are already producing what Eng described as fairly minor amounts of gas but horizontal recompletions are expected to boost flowrates. The exact increase in production wont be known until the partners get to work. They plan to enter the existing wellbores and drill horizontally to recomplete the wells: this should overcome the problem of the low productivity reservoirs. The partners are currently sourcing the specialist equipment required for this work but hope to drill the first two horizontal recompletions before the end of the year.

In the meantime, progress continues to be made on Ascents Nyirseg licences, the acreage that marked the companys first investments in the country. Drilling locations are now being prepared for the next two wells in the drilling programme. The terms of farm-out agreements struck late last year mean 79 per cent of the well costs will be paid for by joint venture partners DualEx and PetroPequnia even though Ascent retains a 60.5 per cent working interest in the project. This is the kind of risk- and cost-sharing arrangement that investors like to see.

The first well, PEN-102, will appraise a 1983 gas discovery. The well, due to spud in May, will target Lower Miocene tuffaceous reservoir rocks that produced in the Peneszlek gas field 6 km to the east. It will also target a shallower Pannonian Sand prospect similar to that successfully tested in Ascents PEN-104 discovery of November 2006. The second well, VAM-1, will test an exploration prospect about 18 km to the southwest of the Peneszlek field and will be drilled immediately after the PEN-102 well.

Ascent is pushing the pace on the PEN-104 gas discovery. The PEN-104 well, the first in the area for over 20 years, was drilled into the once-productive Peneszlek gas field and tested two intervals. While the deeper Miocene Tuffs failed to flow, the Pannonian Clastics produced gas at a restricted rate of 3.4 million cubic feet per day. Ascent has now completed a development feasibility study and hopes to bring the field onstream this year, pending completion of a gas sales contract (talks with a favoured purchaser are due next week) and all the appropriate permitting and approvals. The scale of the development will depend on the results of the PEN-102 and VAM-1 wells: success here could lead to a much more substantial project.

Ascent Resources PLC
19 April 2007


Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas


Ascent Resources plc ('Ascent' or the 'Company')
Offshore Netherlands Project Update


Ascent Resources plc, the European focused gas and oil exploration and
production company, announces that Energie Beheer Nederland BV ('EBN') will
participate in the exploration of the P4, M8, M10 and M11 exploration licences
in the Dutch Sector of the North Sea with a 40% interest, following the approval
by the Dutch Minister of Economic Affairs (de Minister van Economische Zaken).

EBN, the Dutch State owned oil and gas company, participates in the exploration
and production of most of the hydrocarbons in the Netherlands. Offshore, the
licensee has the option to invite EBN to participate in the exploration stage.
However the oil ministry will regardless, require a 40% participation of EBN if
a discovery is made, whereby a production licence is issued unless participation
of EBN is financially disadvantageous to the Dutch State. EBN is not a licence
holder and will neither carry out exploration activities on its own initiative
nor will it act as principal.

The interests in the four exploration licences will now be:

Participation Paying Interest
% %

Ascent Resources plc 27.0 22.5
Energie Beheer Nederland BV 40.0 40.0
McLaren Resources Inc 27.0 37.5
GTO Limited 6.0 Carried until production

The applications for the P4, M8, M10 and M11 exploration licences, which cover
an area of 795 square kilometres, were made following the analysis of seismic
and exploration data purchased from the Netherlands Institute of Applied
Geoscience ('TNO'). The technical work focuses on the newly recognised
Carboniferous exploration plays as well as the traditional Rotliegend plays.

Within the M11 licence area, the M11-01 well, drilled by NAM (Shell-ESSO
Netherlands) in 1982, discovered gas and was tested at a rate of 6,600 cu.m per
day (233 Mscfd) from the Upper Slochteren sandstones of the Rotliegend (as
reported by TNO on behalf of the Ministry of Economic Affairs). Within the M10
licence area there is a northern extension of the Terschelling Noord field, the
exploration of which is operated by NAM in the Terschelling licence area to the
south.

In the area of M8, M10 and M11, a number of 3-D seismic surveys on open release,
have now been loaded and the interpretation of these data, which form the basis
for the new exploration work, has now commenced.

Ascent Managing Director Jeremy Eng said, 'EBN participates in virtually every
oil and gas project in the Netherlands and as such brings invaluable experience
as well as unrivalled financial capability. Ascent, as operator of this
exploration effort, aims to identify drilling targets as soon as possible and
welcomes the support and assistance of EBN.'


* * ENDS * *

Well, the exciting times are now on the horizon for AST, with the two Hungarian well drill programme underway with the first well proceeding well, the second to follow, and then the Italian discovery well deepending to follow in June.

Hungary could add some decent upside if successful, Italy could be major news for Ascent if the oil discovery is indeed found to be big after the well is deepened.

Exciting times in the months ahead, good luck to all holders.

Some information in here on the Hungarian propects (this being info from DualEx, partner in the previous 2 and presently ongoing 2 (1 after the other) wells). Intersting that there appears lots of other targets in Hungary to follow up upon as well.



http://www.dualexen.com/documents/presentations/DXE-2007-04-20.pdf


.

Here is something on the Italian Po Valley project to chew over the weekend :


http://www.envoi.co.uk/P136Ascent-PoValleySyn.pdf



.....................PROSPECTIVITY:

Ascent's work on the permit commenced in August 2005 and has since involved purchasing the 'right of use' to nine key seismic lines, comprising 260 kms of existing 2D data over their acreage. This has been reprocessed with AVO analysis confirming the hydrocarbon prospectivity of the key prospects in Ascent's acreage. The largest of these (Gazzata) has estimated 'most likely' recoverable reserves of 130 Bcf and upside in excess of 360 Bcf. It also has the lowest risk, due to the positive AVO anomaly which exhibits a consistent down dip termination on several seismic lines.
Follow-on prospectivity is also evident within Ascent's acreage, although the leads identified from the existing data would require the purchase and reprocessing of additional Eni data before these leads can be upgraded and confirmed as drillable prospects. Initial estimates suggest these could add several hundred Bcf reserves potential..............................................

News should be coming this week or next on the PEN-102 drill, so fingers crossed for good results.