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

No idea schiff, I have not looked into the Romania interests it too great detail yet.

Here is hoping for another couple of strong weeks into that end of month operations update.

Bit of a shake before we enter next week, which should contain the awaited operations update. I might have to add a few this afternoon if the offer presents itself :)

Then best of luck to us both PP!
Have a good weekend.

Thanks schiff, my AST top up fund just went into GOO (Gold Oil), owing to their excellent news on Peru today, never mind :) Diverse holdings and all that.

All very good, and the little bit in the Hungary summary adds some spice, with the speeded up drilling of those area's :)



27 April 2006 Ascent Resources plc ('Ascent' or 'the Company')

Operation update

Ascent Resources plc, the European focused oil and gas exploration and
production company, is pleased to announce the some details of its 2006 Drilling
Programme of six operated wells and an operational update on its production and
exploration assets in Spain, Italy, Hungary, Switzerland, Romania and Holland.

This drilling programme, which does not include the four wells planned for
Romania, primarily focused on previous discoveries, is in the table below.
Contractors with suitable drilling rigs have confirmed their availability for
each of these wells although all are subject to permitting and regulatory
approval for the location which is in progress.

Well Area Exploration Permit Target Commencing
1 Tozo-1 Spain -Sedano Basin Basconcillos H Oil August
2 PHNS-1 N-E Hungary Nyirseg Szatmar Gas August
3 PHND-1 N-E Hungary Nyirseg Del Gas September
4 Anagni-1 Italy - Latina Valley Frosinone Oil September
5 FA-1 Italy - Latium Coast Fiume Arrone Gas October
6 Hontomin-4 Spain - Sedano Basin Huemeces Oil October


Spain: Oil Production and Exploration

Production from the Ayoluengo field continues to average a gross of 115 barrels
of oil per day. The project's cashflow has been improved with the recent rise in
international oil prices. Well work-overs (maintenance and upgrading work) are
planned for the field and will commence in May subject to delivery of equipment
and materials.
The two wells to be drilled in 2006 are the Tozo 1 re-entry and Hontomin 4
appraisal. Both are close to the Ayoluengo field and target oil discoveries that
were made by Chevron in the 1970's.


Italy - Oil and Gas Exploration:

In the Po Valley, based on the results from the reprocessing and interpretation
of the seismic acquired from ENI in the Cento and Bastiglia exploration permits,
the permitting of the first two locations is now underway and a further two will
commence shortly. The drilling of these gas exploration wells is to be included
in the 2007 Drilling Programme.
In the Latina Valley, where the focus is on oil exploration, a 60km seismic
survey and the drilling of the Anagni-1 well are both scheduled for September
2006.
In the Fiume Arrone permit, close to Rome's Fiumicino airport, a gas exploration
well is planned for October 2006.


Hungary

Having received results from last year's seismic programme conducted on the
Nyirseg permits, by Ascent's Hungarian Joint Venture PetroHungaria, the work
programme for this area has now been prioritised and two wells are planned for
late summer.
The Joint Steering Committee of PetroHungaria's project involving the
rehabilitation of low permeability gasfields in conjunction with MOL Hungarian
Oil and Gas plc, has approved the commencement of Phase 2. This includes the
detailed planning of three horizontal recompletions in a producing gasfield in
South Western Hungary.


Switzerland

In the Canton of Bern, re-processing of existing seismic in the area around the
two existing gas discovery wells, Linden (1972) and Hermrigen (1982), is
underway. Subsequent geological modelling with the incorporation of all
hydrocarbon exploration data will lead to a prospectivity report to be published
later this year. Subject to the results of this report, wells will be scheduled
for the 2007 Drilling Programme.

In the Canton of Vaud, the application that surrounds the Essertines (1962) oil
discovery well, drilled by BEB, has passed all regulatory stages and the issue
of the permit is expected imminently.

Romania

Ascent recently acquired a 5% interest in three prospective exploration blocks,
through its acquisition of MIRC. In Brodina, the first gas production is
expected from the Bilca development in late July. An active exploration
programme is underway in all three blocks including new seismic work and it is
anticipated that four exploration wells will be drilled by the end of 2006.

Holland

Ascent made applications for six exploration licenses submitted last year.
Following a three month gazettal period, competing bids have been submitted to
the authorities on two of the six areas, and their decision on these two is
awaited. The remaining four are uncontested.

* * ENDS * *

Bit of stake building going on I think, nice to see a little tick up as well :)

L2 is 3 v 1 @ 11.5/12.5 so more to come today I think, upwards of course ;)

And still moving up, looking very strong today :)

Good post from AFN :


Simon_T - 3 May'06 - 09:13 - 592 of 592

I'm not ready! - I'm going to be busy pretty much all day today.

Re yesterday's share price movement - I think that we have had a bit more publicity over the last day or so and discussion on other boards. Northern Petroleum, having a "1.25% gross overriding royalty in Tozo-1 and Hontomin-4 derived from any future production on the Basconcillos H and Huemeces Permits" chose to reproduce the AST operations update on their website in full. It's here :

http://www.northpet.com/news/news-2006/news-27-04-06.html

Consequently, we will now have come to the attention of Michael Walters et al. It should help us get well clear of 12p and move us comfortably north.

Interview With :

Jeremy Eng
Chief Executive ASCENT RESOURCES

Dated May 02, 2006


CORPORATE INFO
Ascent Resources plc, listed on AIM in November 2004, with a remit to invest in the oil and gas sectors. Since then Ascent Resources has embarked upon building a portfolio of high value projects, primarily in Europe and Africa. To achieve this Ascent Resources has assembled an experienced technical team and is able to call on independent expertise across the sector. The team has strong industry contacts, a proven track record in evaluating acquisition and investment prospects and successfully developing projects in a wide variety of exploration areas. Ascent Resources considers the full spectrum of projects covering exploration, early stage development and production.

Listen via Real Player :
http://www.wallstreetreporter.com/interview.php?id=17788&player=real

Listen via Windows Media :
http://www.wallstreetreporter.com/uploaded_files/2006/May/02/wma/AscentResourcesplc.wma

PP - really enjoyed the WSR interview, thanks.

Everything looks very promising, especially as a long-term hold.
I am happy to be in at 12p.

Its very bullish is it not schiff, and they said to the extent that "any of our drills if they hit significant hydrocarbons could multiply the market cap overnight".........nice :)

Hungary sound very bullish for this years drills, and the Po Valley next year.......going to be an exciting 12 months ahead.

Starting a nice little move up today.

Up again now.

L2 2 v 1 @ 13.75/14.75

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 commencing this month.

Drilling commencing in August:

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

Hungary, Nyirseg Szatmar Permit, PHNS-1 well (90%) (gas target)

Drilling commencing in September:

Hungary, Nyirseg Szatmar Permit, PHND-1 well (90%) (gas target)

Italy, Latina Valley, Frosinone Permit, Anagni-1 well (70% owned, oil target)

Drilling commencing in October:

Italy, Latium Cost, Fiume Arroe well (40% owned, gas target, drilled and found in 1955, 950m TD)

Spain, Sedano Basin, Huemeces, Hontomin-4 well (50%, oil target drilled by Chevron in 1968 which produced)

Other activity this year

Romania, 5% interest: First gas production is expected from the Bilca development in late July. New seismic is being shot now and it is anticipated that four wells will be drilled by the end of the year.

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) an application to drill the Essertines (1962) oil-discovery well has passed all regulatory stages and a permit is expected to be drilled imminently (90%).

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

Other plans we know about

In Switzerland we have 90% of the JV which owns two 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. If anybody believes EK this area has from a man in the know got the potential for a multi-TCF reservoir. We should know the potential (if they announce potential without substantiation, as seems to be the vogue with exploration companies) later this year, before wells are drilled in 2007.

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. These wells will be drilled in 2007.

Other permits- plans not known

Four of the six permits applied for in Holland by the 90% owned JV were uncontested, the other two are subject to competing bids, the outcome of which we await.

In Spain we have 50% of each of the La Lora concession (which contains Ayoluengo), and the Valderredible permits.

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)

If you add everything up, future potential (Po Valley and Switzerland in 2007 for the massive blue sky) , present production paying the bills, big H2 06 and 07 drilling plan, big gains if any of the drills hit hydrocarbons, AST is poised as one of the most balanced and yet potentially blue sky junior oils there is.

The lack of present attention bodes well, as I can see this certainly booming up as everyone tries to board ahead of the first August drills.

Another great thread, PP. Ascent appears to have a lot going for it: shares in producing assets, a broad portfolio, low political risk, etc.

I see that WH Ireland put this as a strong buy with 20p target.

The institutional take-up of this one is incredible - according to the info posted, almost 97% of the company is in institutional custody. RAB, AXA, Framlington and Fidelity don't muck around either, so that's a recommendation in itself (although I see that Fidelity recently took profts by dumping around 10% of its holding). One hopes they won't all decide to dump their stakes at once, as profit-taking could put a drag on the SP.

I will be keeping an eye on this.

ST, AST is picking up again now after the correction.

Good article just out on Proactive.....its free to register and free to read :


http://www.proactiveinvestors.com/registered/articles/article.asp?AST

Ascent Resources: Could see 9 wells drilled in the next 12 months By Edward Roberts

Worth a read about Ascents project in Hungary :)

http://www.envoi.co.uk/P117HungarySyn.pdf