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

Nice start to the day as well.

L2 now 2 v 2 @12.5/13.5

Jumped well, now L2 is 2 v 1 @13.5/14.5

Aurelian, the partner in Romania has this information on their web site:

Bilca Development

Three of the seismic amplitude anomaly areas were drilled, creating the Bilca-1, Bilca-2 and Fratauti-1 wells during 2004 and 2005. All three wells found commercial gas within the Sarmatian sands at shallow depths. The Bilca-1 well flowed gas at rates of up to 6.3 MMscf/d and the Fratauti-1 well at a rate of 3.2 MMscf/d. The Bilca-2 well will be tested on production. The Bilca-1, Bilca-2 and Fratauti-1 wells have been connected to newly constructed production facilities and connected through a 15 km export pipeline to a pressure reduction station at Radauti. These are scheduled to be commissioned and handed over for operations by the end of August 2006.

More info : http://www.aurelianoil.com/index.php?v=romania

Settled nicely, buy are gradually getting nearer the full offer price.

Still remains one of the best, if not the best, junior oil plays in terms of lower risk and big upside potential :) IMO.

L2 two ticks up this morning.

Now 2 v 1 @13/13.5


Is anyone going to the ProactiveInvestors Forum with Ascent on this Friday ?


http://www.proactiveinvestors.co.uk/main.asp

100K buy at 13.25 (late reported) caused the move up.

L2 now 2 v 2 @13/14

I hear Mark Slater had lots of good words to say about Ascent Resources on the webcast on http://www.t1ps.com

Things like risk/reward "but the right way around" and "dramatic upside".

Any other comments anyone knows of ? :)

My earlier post should have said anyone going to the proactiveinvestors Forum with Ascent tonight (Wednesday) not Friday :)

?

Good work here and over the road PP.

I bought a while back on the strength of it and I am not unhappy.

Thanks

PP, I will be able to check out Mark Slater interview at Weekend and will report back.

Thanks both.

I have not seen any comments from yesterdays Forum with Thor/Ascent, will be interesting too to know from anyone there.

.

A transcript of the May 2nd WSR interview is now available to read at the link below :

http://www.wallstreetreporter.com/profile.php?id=17788#Transcript


A good read, and the last paragraph sums up whats been said, 2006 is exciting, but 2007 is even bigger.

Here is the presentation link below, and also a summary of someone who went to the presentation live at the One2One Forum.

http://www.ascentresources.co.uk/investor_information/Q3_2006_update.pdf

**************************

Bartyboy - 7 Sep'06 - 12:24 - 2035 of 2055

Morning Guys

I was at the Proactive presentation yesterday afternoon in London, and had a chance to talk to Jeremy Eng immediately before his talk.

I'm not currently a holder, and do not therefore profess to be an expert on the company, but here are a few points which may be of interest. Apologies in advance if I'm relaying whats already known, or blindingly obvious!

1. There were about 30 present for the presentation. A mixture of Analysts, Journos, Private investors, and fund representatives.

2. Jeremy's presentation was well polished. I was impressed by him and also the depth of experiance in the management team.

3. The Spanish producing field is currently pumping 100 barrels per day. This revenue cover all operating costs, and gives the Company weight in licence negotiations, as they can claim to be a producer.

4. They were the first oil explorer to seek an Exploration Licence in Switzerland for the past 25 years. Since their application there have been two other companies seeking Licences in the same Canton alone. The Swiss had to get their official out of retirement, as no one knew how to process the application!

5. In Romania the Bilca gas production plant is due to go live within the next few days. The Company had to make a small payment [Which they have now done] to the Local Authority to sign off the construction work.

6. Hungary. Upside potential in the four identified prospects could go beyond 400BCF

7. Italy, currently working in Po Valley [Drilling 2007], Latium Coast [Drilling Oct 2006] and Latina valley [Anagni scheduled this month, Offset seismic this year, with deep well 2007]

8. Jeremy stated that to assemble their current portfolio as of todays date would cost 20 times what they paid over the last 18th months. Such is the current interest. An analyst [Sorry didn't catch the name] has given a very conservative vale of 63p per share for the current reserves.

Hope that brief overview was of some help.

Thank you PP :-)

Welcome.

Looking a little stronger now, we seem to have cleared the stream of stock that was available at 13.5 and 13.75..........we could see some bigger moves up now if they buying keeps up.

First news on drilling results around 7 weeks away now, and then its a stream of news :)

PP, precis of T1ps' Mark Slater interview regarding AST:

He loves this Special Situations stock, Yes its potentialy Risky, but has a very good Risk/Reward ratio. Enough cash to cover Exploration & Appraisal work.
Within AST's portfolio there are 3 significant plays: Hungary, Spain, Italy. Spain because of likely increase in production and Hungary & Italy because either is a potential company maker. Potential dramatic upside (1:3 chance) from either Hungary or Itlay projects. Sensible Management. Interseting play with a potentially Very dramatic upside. Valuation on current portfolio is 60 - 70p (Already Risked). If everything comes in at once then this could go skyhigh.

silvermead. Thank you.

Have a rec.

Thanks silvermede.........sounds good, especially coming from the likes of Mark Slater ! :)

PP, I'm going to re-listen to the whole interview again this weekend and will let you know other tips. :-)