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.)



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

Ascent Resources PLC
06 April 2006
Ascent Resources plc ('Ascent' or 'the Company')

Acquires Romanian Gas Interests

Ascent Resources plc, the AIM quoted oil and gas exploration and production
company, is acquiring Millennium International Resource Company ('MIRC'), a
British Virgin Island registered company, in a cash and shares deal. MIRC holds a 5% interest in Brodina, Cuejdiu and Bacau exploration blocks, covering 3,800 km(2) of the Carpathian Thrust Belt in the north eastern part of Romania, which is one of the country's main oil and gas producing areas.

On the Brodina block, in the Bilca Development Area, three gas discoveries have
been drilled in the last two years and first gas production is currently
expected at the end of July 2006. Additionally, 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 at the end of 2006.

The operator for the three blocks is UK based Aurelian Oil & Gas Limited, which
holds a 28.75% interest in Brodina and Cuejdiu and a 47.5% interest in Bacau.
AIM listed Europa Oil and Gas Plc holds 28.75% in the Brodina and Cuejdiu blocks and 47.5% in Bacau, while the Romanian state gas company, Romgaz SA, holds a 37.5% stake in the Brodina and Cuejdiu blocks.

Ascent Managing Director Jeremy Eng said: 'This acquisition gives us an entry
into a country that has excellent oil and gas potential. Within a few months it
will provide us with gas revenue additional to the cash flow being received from the Ayoluengo oil field in Spain.'

In addition to the consideration of cash and 678,906 New Ordinary Shares, Ascent will pay a 1% net revenue interest on the Bilca Development Area. Application has been made for the admission of the New Ordinary Shares to trading on the AIM market and dealings in the New Ordinary Shares are expected to commence on 10 April 2006.

The Company will issue an operations update of at the end of April, which will include reports on its activities in Spain, Italy, Hungary and Switzerland.

Some more info on this news :


novicedave - 6 Apr'06 - 08:55 - 17 of 17

A bit more information for you all:
Likely total flow rates are c. 19.1mmscf/d (3180boepd), of which our share is 5% (minus a 1% net revenue interest). I'll try and find something regarding operating costs and so likely profit margins later this morning.

Bilca Gas Discovery, Brodina, northern Romania (5%)
The Bilca well flowed 99.4% methane gas at sustained rates up to 6.4 mmscf/d (1060 boepd). The Bilca-2 well located on the western extension of Bilca spudded in January 2005 and was completed as a gas producer. The well is currently suspended but will be completed as a production well. The Bilca-1 reservoir sand was encountered in Bilca-2 at a depth of 598 metres and had similar electric log responses to Bilca-1.

The Fratauti exploration well located approximately 7 km south of the Bilca Field was spudded in March 2005. The location of the well was chosen to target three seismic anomalies, all of which contained gas-bearing sandstones. The Fratauti-1 discovery well flowed at an aggregate of 12.7 mmscf/d (2120 boepd) Bilca-1 and -2 and Fratauti-1 wells are currently suspended but will be put on commercial production in July 2006.

EIII-1 Brodina Block - Exploration (5%)
The success of the Bilca discovery led to a seismic acquisition programme being undertaken in August 2004 to investigate the existence of further anomalies on the Block. The results have been very encouraging indicating more anomalies in the Block, one of which is a potential prospect for drilling in the first half of 2005.
In addition, a large sub-thrust structural lead in the central part of the Block, termed Voitinel, will be the target of a seismic survey to be undertaken in 2005 by the group.

EIII-3 Cuejdui Block (5%)
The EIII-3 Cuejdui Block lies on the Carpathian oil and gas trend, though is relatively underexplored. The initial work programme of collating and reprocessing existing data is complete and a number of leads have been identified. A further 50 km of seismic was acquired in July 2004 and is currently being processed. The data quality of the seismic is good and there is good potential for future drilling prospects to be identified on the Block.

EIII-4 Bacau Block (5%)
The EIII-4 Bacau Block also lies on the Carpathian oil and gas trend. 50 km of seismic has recently been acquired and is currently being processed, however the Block is at an early stage of exploration. Although the Block is underexplored it lies south of the giant Roman Gasfield complex and east of the Moinesti Oilfields and offers good exploration potential.

Full offer price being paid now, L2 still 1 v 1 but we might be due a move up soon.

Extract from www.investorschronicle.co.uk 24th Feb 2006 write up on AST, which had a Speculative Buy rating attached :


Over the past 12 months, Ascent has put together an interesting collection of oil and gas assets. And this year, it's planning to spend around 5m drilling six wells. Three of these will be in Italy, south-east of Rome, one of which will go down to a depth of 2,000 metres, before production permits are issued for gas acreage in the Po Valley. Two others will re-enter wells drilled by Chevron in northern Spain in the 1970s. And the final one is likely to be in eastern Hungary after encouraging seismic results there. The company also owns exploration acreage in Switzerland.

RNS Number:1714B Ascent Resources PLC 06 April 2006

Ascent Resources plc
Director shareholding

Jonathan Legg, a director of the Company, has today purchased 210,526 ordinary shares in the Company at a price of 9.5p per share. Following this purchase, he is interested in 373,526 ordinary shares in the Company, representing 0.15 per cent. of the issued share capital of the Company.
6 April 2006

More good news for AST holders and of course 1 million is no small buy (nearly 100,000) even for a director ! :)


Ascent Resources PLC 07 April 2006


Ascent Resources plc
Director shareholding

Malcolm Groom, a director of the Company, has today purchased 1,000,000 ordinary shares in the Company at a price of 9.625p per share. Following this purchase, he is interested in 1,597,705 ordinary shares in the Company, representing 0.63 per cent. of the issued share capital of the Company.

7 April 2006
This information is provided by RNS
The company news service from the London Stock Exchange

Will be interesting now to see what happens in the coming 3 weeks, following this big director buy and that the operations update is due the last week of April :)

Was a nice rise, should be plenty more to come this year, and of course this month ;)

On a nice run again, and will be a momentum buy next week I think, as well as a solid buy for the future anyway in my opinion :)

Amities / d'accord completement.......AST have interest in a mine in the prolific Niger Delta through connections with AFR via a financial instruments which will yield probably hundereds of millions for AFR / ...lm in on this one . @ 9.25 . Forget Switzerland and put Spain on the backburner .. ltaly may yield shallow gas fields to provide quick cash generation ; and Rumania a dual play but comparitevely small amounts . ....But its this Nigerian connection that intrigues me ; and the number of j/v's , farm ins , farm outs and so forth in that area combing in perhpas 100/ 130 oil companies of all m/c s from "Big Oil " to the likes of tiny minnows like AST . This is "The New North Sea " they tell me . Well with EEL , AFR, and AST i think i have North of the subsahara covered ,,,,,, Bonne chance PP .... ............@+ J....Gimme oil , gold and orange juice and a raft of soft commodoties !!,,,,,,,,,,,

Thanks TFC, as you say, lots going on with AST, so plenty of chances for something special to come along, and yes Nigeria is a place to keep an eye on it terms of possible new large discoveries.

Thanks for your research PP.
Serious flooding in Eastern Europe today and Romania mentioned. Any idea whether the Ascent interests are anywhere near the flooding area?

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 ;)