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

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.

This is a descriptions of the ongoing well that we hope to hear news from this week or next.


"Pen-102, is in the southern permit and targets the eastern lobe of the structure where the smaller western part was penetrated by the Pen-12 well.

The structural closure with 'Most Likely' recoverable reserves of 42 Bcf at two horizons has an upside of an additional 36 Bcf. The Pen-12 well, which still exists, encountered 40 metres of gas bearing Miocene tuffs at a depth of 1,400m with three tests flowing an aggregate of 1.5MMcfd.

The structure is a well defined anticline and early production from these two wells could be tied back into the local infrastructure with a minimum of delay."

Looks like the Tcf potential of Switzerland is going be talked about by the media, finally. We should not lose focus, the remaining work in Hungary and Italy in the coming months could double the present SP and potentially more, however, as the Swiss drill draws nearer, the focus is bound to switch to that mega company maker potential. I was in at 9p, not 5p, and there is no way Iwould be profit taking ahead of Agnani well deepening, in fact, I intend to hold all the way through Po Valley and Swiss drills :)



http://www.growthbusiness.co.uk/news/city-news/255565/swiss-ambitions-fire-ascent.thtml


Monday 14th May 2007

Swiss ambitions fire Ascent

Energy hopeful Ascent Resources has suspended one Hungarian well, but hopes to prove Swiss gas resources worth 1 billion.

AIM-quoted Ascent, with ventures in six European countries, has suspended operations at PEN-102, one of its wells in Hungarys Nyirseg blocks, after finding only residual gas in a deeper section of the reservoir and is deliberating about further operations. Coming a month after a dry well at Hontomin in Spain, the news has depressed Ascents recently buoyant shares, but the company pointed out that PEN-102, now being surveyed for a possible sidetrack well, is only one of several prospects in Hungary and elsewhere.

Managing director Jeremy Eng said he sees potential for 400 billion cubic feet of gas overall in the companys Hungarian prospects, with one, PEN-104, capable of high production rates. Ascent is already drawing modest cash flow from Spain's Ayoluengo oilfield and is seeking to find contributing partners for two projects in Italys Po Valley, which Eng suggested could hold 250 billion cubic feet, worth some 250 million.

Ascent, which has applied for a new gas licence at Rocamundo in Spain, has four blocks in Holland, with a potential 100 billion cubic feet, and is applying for more. The company also has oil and gas interests in Slovenia, but expressed particular excitement about Switzerland.

Ascent has 90 per cent joint ventures at Hermigan (where a farm-in with another group is on the cards) and elsewhere in the Vaud and Bern regions. Eng argues the Swiss projects could hold one trillion cubic feet of gas in all, worth around 1 billion, and declared this could be proved in the next 12 months.

Recommended here two years ago as a flutter at 5p, Ascent shares hit 19.25p last month, but have now eased to 16.5p, down 0.75p this morning. Partial profit taking might be prudent short term, but they still have significant longer-term potential.

For those that did not go to it, this is the Press Release from Ascent's partner, Dualex. Lots more info, and also some exciting news regarding the potential of the next drill, VAM-1.



News release via Canada NewsWire, Calgary 403-269-7605

Attention Business Editors:

DualEx Updates Pannonian Basin Program

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, May 14 /CNW/ -

DualEx Energy International Inc. (TSX-V: "DXE")
announces today that the drilling of its PEN-102 well in the Pannonian Basin
of northeast Hungary has been completed and the wellbore left in a suspended
state pending further operations. The well is the first of two option wells
drilled under the previously announced farm-in on PetroHungaria kft of
Budapest.

Upon drilling of the second option well, to which the drilling rig
will now be moved, DualEx will complete earning under the provisions of the
farm-in and will hold a 37.5% working interest in the Nyirseg permits,
encompassing roughly 614,000 gross acres.

The PEN-102 well was drilled to the planned total depth of 1500 meters
approximately six kilometers west of DualEx's PEN-104 discovery and 1.5
kilometres east of the PEN-12 well drilled in 1989 and which tested gas at
rates up to 1.36 MMcf/d from Miocene volcaniclastics, but was never placed on
production. Drilling and logging results at PEN-102 indicated that the well
had intercepted a fault system and consequently the target Miocene tuffaceous
formations were encountered 38 meters low to prognosis. Gas was not present in
this deeper section of the reservoir. To accurately define the orientation of
the fault system, an offset vertical seismic profile survey (VSP) was recorded
in the well. The purpose of this survey is to enable a sidetrack well to be
planned with the objective of entering the Miocene gas reservoir in a
structurally more favorable position.

While the processing of the PEN-102 VSP is carried out, the drilling rig
will be moved to the second option well, VAM-1. As is the case with other
wells drilled in the Nyirseg program, DualEx and its partners are targeting
both Miocene volcaniclastics and Pliocene clastics at VAM-1.

Recent drilling south of the VAM-1 location by another operator is reported to have resulted in a gas discovery in the Pliocene/Pannonian with significant natural gas flow rates. The VAM-1 location occupies a similar structural/stratigraphic setting as this new discovery, and the consortium is looking forward to extending this discovery onto its Nyirseg blocks.

Planning continues around the development and tie-in of the PEN-104
discovery and the existing gas discoveries at PEN-12 and PEN-9.
DualEx Energy International Inc. is a full cycle oil and gas exploration
company with operations in the greater Mediterranean area. DualEx's common
shares trade on the TSX Venture Exchange under the symbol "DXE".

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00023802E

For further information: about DualEx Energy International Inc., please
visit our website at www.dualexen.com, or contact Garry Hides (President &
CEO) at (403) 265-8011 ext. 223./
(DXE.) CO: DualEx Energy International Inc.
CNW 08:33e 14-MAY-07

Does anyone know how much shares mark slater owns in this one?

Said to hold a fair number.....but do not know how many.

Looks like the early birds are coming back in for the VAM-1 Hungary gas drill, and the bigger news Italian Agnani well deepening.

Nicely moved up yesterday, and presently 6 v 1 on L2 @ 15.5/16.75.

Ascent Resources PLC 24 May 2007

Drilling in Hungary

Ascent Resources plc, the AIM traded oil and gas exploration and production company, in conjunction with its partners, has started drilling the VAM-1 exploration well which is the second of two option wells in the Nyirseg exploration permits of north east Hungary.

PetroHungaria kft (a 90% owned subsidiary of Ascent), started drilling VAM-1 on 23 May 2007. This morning at 06:00 CET, the rig is cementing surface casing at 54m. The planned total depth of the well is 1,775m. It is expected that the well will take approximately a month to complete.


Partners in the well are DualEx of Canada (37.5%) and Petro Pequnia of Sweden (2%) and under the farm-out agreement, DualEx will pay 75% and Petro Pequnia 4% of the costs of this well with PetroHungaria kft funding the remaining 21%. The VAM-1 exploration well will test prospects in both the Miocene and Pannonian formations in the Vamospercs area, roughly 18 kilometres to the southwest of the Peneszlek field.

* * ENDS * *

Nice write up on Ascent (AST) on http://www.resourceinvestor.com


On the Up and Up

By Jackie Steinitz
25 May 2007 at 04:04 PM GMT-04:00


........


Registration is free as is the article to read once you have registered (register and then search for "Ascent").

On Line Limits now :

BUY 50K @ 17.05p

SELL 75K @ 16.55p



L2 3 v 2 @ 16.25/17.25 (TEAM and CANA on the offer)

Nice write up today on Ascent on Proactive :

http://www.proactiveinvestors.co.uk/articles/article.php?AST3


.