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

pp you must feel pretty lonely punting this one?

PP,
you are not alone in this stock[I assume you are holding given your time and input into this thread]

I am back in again after selling out last year[or earlier, I forget] when it was up around the 15p mark I think. I got lucky last time with a small profit. Hope I can do it again.

onwards and upwards
Alex

Alex, it is often the quietest threads lead to the biggest gains, and AST has already done it once for me too, from 8p to 30p.

This time I am hoping for more, a lot more, and looking for 5p to 50p plus within 18 months.

Buy Oil up to $200

A tip from Bill Adlard's Chart Guide ( http://www.chart-guide.com )

The Elliott wave principle is basically very simple: moves with the trend go in fives, those against go in threes. So let's look at a long term chart of Brent Crude and see if we can observe this in the chart. See how the 8 year falling price trend in Brent from 1990 to 1998 made a clear three wave move. So if the three wave moves are going down, that means the five wave moves must be going UP. That means we should see five waves up from the 1998 low, which I am labelling with numbers in circles: this means they are primary degree trends - major trends in other words.

The five waves will probably make a regular trend channel, and we can see that starting to emerge as well. I think it's pretty plain to see that the up trend has only reached, or actually nearly reached, the top of wave 3 (circled). Note how wave 3 (circled) subdivides into its own five waves - that's how it works. The horizontal lines are Gann levels: fractional moves or multiples of the absolute value at any given time. Where these cluster together tend to be targets and support and resistance levels. You can see a major cluster at $150 - this has been my target on Chart-Guide.com for some time. But look above - there's another cluster at $200. The price hasn't actually hit the top line of the trend channel yet, and I would expect a third wave to do this. So eventually, those who call for a $200 target for crude are right, I believe.

Moving in closer with a weekly chart shows more of the subdivisions of the up trend. As you get down to the nitty gritty, it gets more complex, but the same simple rules apply. Just looking at the advance from the wave (4) low, one can see that it is subdividing into waves which I've numbered 1,2,3 etc. And we haven't reached the wave 3 top yet. We need one more upwards move, back to $150, and maybe a bit further, to get there. I suspect, though, that the $150 level will prove to be resistance, and that will set off a wave 4 correction. Once wave 4 bottoms, though, wave 5 up should start. That is likely to be a panic stricken rush for oil while there's enough to go round: that's how commodities tend to finish their up trends. So we'll probably see a near vertical rise in the price of crude, rather like the huge blow-off we've seen in gold. You don't have to be a genius to work out what effect that is likely to have on stock prices and interest rates. As I've said before - the bull market in stocks is over. The bull market in crude has yet to top out. The target is $200 or more.

pp what does this have to do with AST they aren't producing any oil, keep ramping it's that time of the year apparently.

oil is bound to bounce at some point but looks to me as if it's heading sub $100.
As for AST pp, you're pretty close to your 'sell when 20% down and admit you were wrong to buy the stock'

remember not to fall in love with it ;-)

Unbelievable amount of potential here - so its ones to just keep on buying imo.

Lets see where AST is come December :).

Oil is unlikely to reach $200, soon, but that doesn't say it wont in a few years.
However, I understand all OilCo's use a figure of $80 to do their calculations, only then if it appears profitable would they put in more money/effort.
AST appears to be waiting for permissions, which environmentalists have made much more difficult to process. . . . but it looks a fair bet - I'm note sure of a Multi-bagger, but it looks good enough to be worth the investment.

Anyone see parallels with Northern Petrol?

Gas flowing now, and Snozzle farm down - all very nice.

http://www.investegate.co.uk/Article.aspx?id=200808120700081112B

RNS Number : 1112B
Ascent Resources PLC
12 August 2008

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

Gas Production Commences in Hungary

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has commenced gas production at the PEN-104 well in the Penzlek area of the Nys permits in Hungary. The production rate of the well is currently 48,000 cu.m of gas with a wellhead pressure of 92 bar. The rate will gradually be increased over the next few days to a target of 85,000 cu.m per day (3 MMscfd; 500 boepd).

The PEN-104 discovery well was originally drilled in 2006 by PetroHungaria kft. Gas production, following metering at the newly constructed PEN-104 facility, is transported by pipeline to the MOL gas processing facility at Hajdzoboszl 50 km from the well.

Ascent holds a 45.23% interest in the Penzlek Project through its equity interest in PetroHungaria kft. Other partners are DualEx (37.5%), Geomega (8%), Leni Gas & Oil (7.27%) and Swede Resources (2%).

Future plans for the Nys exploration permits include the acquisition of a 3-D seismic survey with the objective of delineating other gas reservoirs within the vicinity. Two wells in the survey area have previously tested gas but to date, have not been put into production. Additionally, the Penzlek field, which produced gas between 1983 and 1991, is a candidate for redevelopment.

Ascent Managing Director Jeremy Eng said, 'The commencement of production at the Pen-104 well is a positive step forward both for our Hungarian assets and for the Company. With Ascent's involvement, the PEN-104 project has characterised the full cycle of the exploration and production business; starting with the acquisition of seismic, through the drilling of the discovery well, the construction of the production facility and finally, gas sales and producing a revenue stream.

'This is an opportune moment to start production in Hungary considering the current strong gas prices and possibility for the sale of production on the domestic market where over 70% of gas consumed is imported. Going forward, the Company will look to increase cashflow by bringing further wells on stream in the area.'

Also in Hungary at the Szolnok Gas Exploration Project, Roh-Aufsuchungs Aktiengesellschaft, an existing partner in the project, has increased its participation to 59.5% by purchasing interests from other partners including Ascent. Ascents interest in the Szolnok Project has now been reduced by 15% from 27.5% to 12.5%. The future work programme envisages the drilling of two exploration wells in the Kunstmarten 3-D seismic acquisition area as well as further 3-D seismic acquisition nearby.

A nice write up out today :

http://www.proactiveinvestors.co.uk/articles/art.php?AST5

20 oil projects for 15m

By Stuart Watson

Article Date: 12-08-2008


Unlike many junior oil companies on the AIM, where the ..............................

papal,

Yes a decent write up for holders to enjoy, here's the first paragraph;


20 oil projects for 15m
By Stuart Watson
Article Date: 12-08-2008

Additional: Information
Market: AIM
Sector: Aerospace & Defence
News: Latest
Market Data: Additional Charts
Web Site: ascentresources.com
Other Articles: 07-06-2007

12-08-2006

01-06-2006

09-01-2008

12-08-2008

























Unlike many junior oil companies on the AIM, where the value lies in one or a few prospects, Ascent has a wide variety of projects numbering around 20 at the last count.

Ascent Resources is an oil exploration outfit focused on Europe. Unlike many junior oil companies on the AIM, where the value lies in one or a few prospects, Ascent has a wide variety of projects numbering around 20 at the last count.
The possession of such a broad portfolio usually helps to insulate a companys share price from the inevitable failures that are part and parcel of oil exploration. Not so this year. Poor sentiment has hit the share price of many small companies and, despite the surging oil price, explorers such as Ascent have not been immune to these pressures.
There is still plenty to play for across Ascents portfolio with a

So we could be in line for Bajsca and Anagni-2 news in the coming months, thats nice, before we get into the real interest of the high impact transformational potential of the Gazzatta-1 well due to spud Nov.


http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1218592828&feed=oilbarrel_en

13.08.2008

Ascent Resources Achieves First Production From Hungary PEN-104 Well With The Promise of More To Come


After seeing its shares slide on a depressingly regular basis during the past
year or so, AIM-listed Ascent Resources is certainly in need of a lift.

The company boasts a wide portfolio of European assets, spread across half a dozen countries, with plenty of potential, mostly gas, but including a few oil prospects.

But squeezing production from these assets as is the case for any junior E&P firm was and still is a vital part of the deal as far as investors are concerned.

Ascent Resources sold a trickle of production last year in a transaction that ended its interests in one of these European countries, Spain. This helped fund what has been a fairly aggressive and expensive programme of seismic work and drilling since.

Crucially, this week, the company reached an important milestone in delivering its first natural gas production from one of its Hungarian projects.

The company said that its PEN-104 well, in the Penzlek area of the Nys permits, is now producing at 48,000 cubic metres of gas a day, a figure that will nearly double in the coming week to reach a target production of 85,000 cubic metres a day.

This equates to 3 million standard cubic feet of gas per day, or roughly 500 barrels of oil equivalent. Ascent Resources holds 45.23 per cent of the Penzlek project through its equity interest in PetroHungaria kft. The gas is transported to a MOL processing plant about 50 km away.

Jeremy Eng, Ascents managing director, called it an opportune moment to start Hungarian production in the light of strong gas prices and the possibility for sales on the domestic market where over 70 per cent of gas consumed is imported.

First production is significant in other ways. As well as providing vital revenues to fund further project work, it also marks a new maturity within the company.

From early seismic, the Ascent project team has progressed the 2006 discovery through construction on to actual gas sales. This builds confidence and suggests there is no reason why this cannot now be replicated.

Indeed, gas production is now imminent from the Bajsca field, in western Hungary, near the Croatian border, which has similar target flow rates. Here, Ascent is partnering Hungarian giant MOL itself with a 38.73 per cent stake.

News is keenly awaited on this development project.

As well as near-term cash flow, all these projects offer the potential to grow into something bigger.

Production from both will give Ascent the firepower to proceed with new plans including a tie-in to the PEN-4 and PEN-12 wells, which have both tested gas. The Penzlek field, which produced gas from 1983 to 1991, is also a candidate for redevelopment. More 3D seismic work is planned across the Nys permits to progress these and other projects.

With activity in Hungary advancing well, the company will again look at some of its other multiple upstream projects, including taking work programme decisions on Slovenia, which includes some shallow oil field redevelopment potential.

Italy, where the company got a sniff of oil last year with the intriguing but perplexing Agnani-1 well, will also come back into focus. This well, in the onshore Latina Valley, offered much promise but in the end proved little conclusively.

An appraisal location for a follow-up well, Anagni-2, is thought to be close to being finalised. This is something that will probably trigger a great deal of excitement and nerves among investors in equal measure.

Perhaps of more immediate interest is the drilling of the Gazzata-1 well targeting a large gas accumulation in the Po Valley area, which is planned this year. Reserve estimates are around 100 billion cubic feet. This well use the 200-tonne rig owned by Perazzoli Drilling in which Ascent holds a 22.5% interest.

Portfolio management remains important. Ascent has watered down its stake in Hungarys Szolnok gas project, to ease funding pressures. It now holds 12.5 per cent, with two wells lined up, despite two disappointing wells earlier this year.

Though share prices are still pretty dire compared to this time last year, first gas production from Hungary could be what the doctor ordered. More good news from Hungary will surely help as the company gets to grips with some higher impact work elsewhere.

Any idea whu Friday's Trades are shown as Sells...? Seems a bit daft to wait until the start of Good-News ( ie before the sp has been pushed up).
This stock has drifted down from c.50p-[[EDIT: No! spiked to c.30p, 20p high]]- so this is about time it moved up. I know there are some strong holders about and Execs hold Options abt 30p...so these Lows are undreampt of at Board level....but still nowt happens...

(This stock is similar to NOP, which is also going nowhere despits selling a big asset which they didn't need....made a bit on that, but not relected in the sp.)

I guess mad-punters expected the OIL-price to continue to $200 - and now they are getting out of Oilcos....probably the same mentality that bumped up food prices by investing in Bio-diesel....Arrgh!
I read the Gas from Hungary was flowing...you said so...so why isn't the sp riding higher...?

EDIT: Andy - yr post is messed-up, can you resubmit as it sounded interesting...thanks.

Any views on appointment of Simon Cunningham?

- sure AST needed a replacement FD....but is there some additional expertise there?...for the benefit of shareholders? - as this stock insists on sinking lower!

((I tried to search for Reverse Corp Ltd,- it's UK registered, but privately held.))

Large holder increases stake, click HERE

For anyone watching this, awaiting news on three fronts it seems :

VAT refund - from the Italian authorities, due any time.

Offshore Netherlands Divestment - now "under offer" on the Envoi site, which means a deal is near.

Onshore Switzerland Farm Out - now also "under offer" on the Envoi site, which means a deal is near.


So some news to come in the months ahead, prior to Gazzetta drill which appears delayed under January due to the farm in partner (who is paying 100% of costs of the well up to testing completion).

Pretty massive news, transformational it is.

What you really love about this is, with fresh capital of 100m Euro (initial to invest) and with the current downturn in prices, this new venture is going to pick up some real sweet assets and real cut down prices.

Wonderful news going forward, well done the AST team !!



RNS Number : 9648F
Ascent Resources PLC
16 October 2008


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


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

To Provide Oil and Gas Asset Management Services for Swiss Investment Fund


Ascent Resources plc, the AIM-traded oil and gas production and exploration company, has agreed with San Severina Holdings SA ('San Severina'), a Swiss based investment company, to establish an oil and gas asset management joint venture. The joint venture will acquire minority interests and providing investment funding for producing and development or appraisal stage oil and gas projects. Under the terms of the agreement, Ascent will provide management services for these oil and gas properties in return for a carried equity participation in the projects. Ascent's current production and development activities in central and eastern Europe continue unaffected and the investment assets will be primarily outside of these areas of operations.


San Severina, a Swiss based investment fund active since 1972, plans to commit an initial 100 million to the establishment of an oil and gas investment division to manage its existing investors' oil and gas assets and pursue other opportunities in the sector. San Severina views the agreement with Ascent as the cornerstone of a new, dedicated, open-ended oil and gas fund. In the short-term, a range of investment opportunities are under evaluation and bespoke equity and financing plans will be prepared for each.


Ascent Managing Director Jeremy Eng said, 'This is a potentially transformational partnership for Ascent. The oil and gas asset management agreement with San Severina will provide us with long term capital benefits; a deal flow to complement our existing portfolio and funding capabilities to expand outside our core geographical area. In essence, it will allow us to leverage the expertise of our team and generate value for our shareholders through the participation in additional projects with San Severina.'


* * ENDS * *

PP,

Haven't seen you around for a while, good to see you back!

proactive is back up now.

Andy, been away, went to cash back in January (mostly), and when markets collapse its best to take a long long holiday, stops you getting sucked into "bargains" that are not bargains as they continue down.

Will have a look at Proactive again.

Ascent Managing Director Jeremy Eng said, "This is a potentially transformational
partnership for Ascent. The oil and gas asset management agreement with San Severina will provide us with long term capital benefits; a deal flow to complement our existing portfolio and funding capabilities to expand outside our core geographical area.