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

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

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

PP, Thanks for envoi synopsis, so the baseline set for the deal is part with 40% equity for combined exploration permit in exchange for 7m Euros for Drilling of 4 Wells plus incoming Party's share of back costs totalling 1.3m Euros Total 8.3m Euros. Let's see if they can achieve that or have to give up more or do a better deal. They will have to move fairly fast to get funding in place for Sep 06 start of drilling.

L2 all blue , and 2 v 1 @ 9/10

Another bit of blue, small steps will do

Ascent Resources PLC
03 July 2006

Ascent Resources plc ('Ascent' or 'the Company')
Issue of Third Swiss Exploration License

Ascent Resources plc, the AIM traded oil and gas exploration and production company through its joint venture partner SEAG, has been awarded a third exploration permit in Switzerland; in the Canton of Vaud. The exploration permit, covering an area of 735.8 km2, includes the Essertines well, drilled by BEB drilled in 1962. Oil in a Jurassic Rhaetian reservoir was discovered in this well, producing on test light (41.5 degrees API) oil with associated gas.

Ascent's 90% owned joint venture with SEAG (Schweizerisches Erdol AG), also has two exploration permits in the Canton of Bern, each of which contain gas discovery wells drilled by Elf Aquitaine in 1972 and 1982.

An on-going work programme for the Company's three permits is underway at Ascent's Technical Services Division in Budapest, including the collation of all the geological and geophysical data for the region and the reprocessing of the
seismic.


* * ENDS * *

Nice rise back today :)

From uk-analyst.com

The award of a third exploration permit in Switzerland assisted the upwards share price movement for Ascent Resources. The stock rose 1.25p to 11.25p. The group, through its joint venture partner SEAG, was awarded the exploration permit in the Canton of Vaud, an area covering 735.8 square kilometres, including the Essertines well. Oil in a Jurassic Rhaetian reservoir was discovered in this well, producing light oil with associated gas. Ascent's 90%-owned joint venture with SEAG already has two exploration permits in the Canton of Bern, each of which contain gas discovery wells drilled by Elf Aquitaine in 1972 and 1982.

RNS Number:6380F
Ascent Resources PLC
04 July 2006


Ascent Resources plc


Director's dealing


Nigel Moore, a director of the Company, yesterday informed the Company that on
Friday 2 July 2006 his SIPP purchased 119,000 ordinary shares in the Company
(representing 0.05 per cent. of the issue share capital of the Company) at a
price of 10.25p per share. Mr Moore holds no other shares in the Company.

That has to be positive news, nice to get a price of just 10.25p!!
kim

Very positive, 3rd director buy of this year.

06/04/2006 Jonathan Legg BUY 210,526 @ 9.5p = 20K
07/04/2006 Malcolm Groom BUY 1,000,000 @ 9.625p = 96.2K
07/07/2006 Nigel Moore 119,000 @ 10.25 = 12.1K

RNS Number:7081F
Ascent Resources PLC
05 July 2006
Ascent Resources plc
("Ascent" or "the Company")

Director's dealing

Peter Earl, a non-executive director of Ascent, informed the Company that on
Tuesday 4th July 2006 he purchased 50,000 ordinary shares in the Company
(representing 0.02 per cent. of the issued share capital of the Company) at a
price of 12.5p per share.

Growing confidence of Directors - brilliant!
kim

Another one :)

Director's dealing
05 July 2006

Jonathan Legg, a director of the Company, has today purchased 160,000 ordinary shares in the Company at a price of 12.5p per share. Following this purchase, he is interested in 533,526 ordinary shares in the Company, representing 0.21 per cent. of the issued share capital of the Company.

And another one :)

Director's dealing
05 July 2006

John Kenny, non-executive Chairman of Ascent, has today purchased 100,000 ordinary shares in the Company at a price of 12.5p per share. Following this purchase, he is interested in 200,000 ordinary shares in the Company, representing 0.08 per cent. of the issued share capital of the Company.

Nice bit of blue today.