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

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1158112832&feed=oilbarrel_en


13.09.2006

Aurelian Oil & Gas, Ascent Resources And Europa Oil & Gas All Approach Production From Their Gas Joint Venture In Romania


We knew when Aurelian Oil & Gas floated on Londons AIM that the company had some production, or rather near production, from assets in Romania as well as development and exploration upside in Poland, and Bulgaria and Slovakia. We now know how much gas.

The company is involved in four blocks in Romania where it is the operator: Brodina (28.75 per cent), Cuejdiu (28.75 per cent), Bacau (47.5 per cent) and Suceava (50 per cent). Three gas discoveries have been made on the Brodina acreage. The company, as operator, has announced that it has signed a contract with S.N.G. N, Romgaz S.A, the Romanian state gas company and the fourth partner in the joint venture with 37.5 per cent, for the sale of gas output from the Bilca Development, situated in Brodina which is in northern Romania.

The production facilities have been commissioned and a production licence has been applied for from the Romania authorities. It is anticipated the licence will be issued imminently and production will start once the permit is issued. An initial production rate of 7 million cubic feet a day is planned and will be adjusted according to reservoir conditions.

This might not sound a great deal of gas - it is around slightly more than 300 barrels of oil equivalent a day to Aurelian. Moreover prices in Romania are not great (around just under US$4 per thousand cubic feet). But they are improving and recovery costs and finding costs are low. It does mean that Aurelian has been as good as its word and should soon get off the mark with production. Also there could be more discoveries. Aurelian managing director Michael Seymour said: This has been an important and constructive first production project for Aurelian which will stand us in good stead for the future discoveries we are confident will follow in Romania.

The three discoveries so far have been shallow low risk discoveries. Seismic data has been acquired on potential deeper and larger plays to identify drill targets. Total 2P (proven and probable reserves) and 3P (possible reserves) for the three Romanian licences have been estimated by independent reservoir surveyors Scott Pickford at 2.8 billion cubic feet (0.5 million barrels of oil equivalent) and 187.8 bcf (31 million boe) respectively.

For the other partners in the joint venture the near production news is important and encouraging. Europa Oil & Gas, which focuses on production and exploration in Europe and North Africa, currently produces 210 barrels of oil per day from UK onshore fields and 25 barrels of oil equivalent from the Ukraine. With 28.75 per cent of the Brodina licence, Europa should more than double its overall output, since its entitlement of the production amounts to around 300 boepd.

Ascent Resources, which like Aurelian and Europa is quoted on Londons AIM, has an extensive portfolio of over 20 oil and gas projects across six countries in Europe. It holds 5 per cent of the Romanian licences which means around 60 boe a day. But this adds to the output it gains from its 88 per cent interest and operatorship of the only onshore Spanish oilfield which produces over 100 barrels of oil per day. It is all cash flow which helps to keep the lights on, as the saying goes in oil circles, as Ascent pursues its development and exploration opportunities in Hungary, Italy and elsewhere in Europe.

News on EOG today, as its EOG (our Romanian partners) and its gas again for EOG, I wonder if AST will be farming in to this one ?



Europa Oil & Gas (Holdings) plc

New Exploration Acreage - France

The Directors of Europa Oil & Gas (Holdings) plc, the production and exploration company, are pleased to announce that its application for an exploration permit in the Aquitaine Basin of southwest France, the Brn des Gaves permit, has now passed the 90 day period allowed for competitive bids.
The exclusive award of the exploration licence to Europa is now subject to government approval and is expected early in 2007.

The application, which covers an area of 928 km2, lies immediately west of the Lacq and Meillon Gasfields, the discoveries that made Elf Aquitaine over 50 years ago, which contain combined estimated initial recoverable gas reserves of 12 trillion cubic feet. Europa plans to investigate the western continuation of
the Lacq play, evidence for this coming from a gas discovery in the permit area at Berenx. In addition, there is potential for oil accumulations in the northern part of the permit area.

The vast majority of wells drilled in the area were drilled in the 1950's and 1960's and were based on now obsolete exploration concepts. Modern exploration methods will greatly improve the chances of finding significant hydrocarbon reserves in an area close to markets and with a well-developed infrastructure.

Paul Barrett, Managing Director, said "With this award, we will have the potential for substantial gas reserves in an area of onshore western Europe.
Proximity to existing processing and export infrastructure would allow a short lag time between discovery and cashflow. We are looking forward to working this acreage with great anticipation".

About Europa Oil & Gas (Holdings) plc

Europa Oil & Gas (Holdings) plc - AIM: EOG - focuses on the production and exploration of hydrocarbons in Europe and North Africa. It currently produces 210 barrels of oil per day from UK onshore fields and 25 barrels of oil equivalent from the Ukraine. Production will rise significantly after its Romanian Bilca Gas Project comes onstream in September 2006. Operating a balanced portfolio, Europa currently has field appraisal activity on projects in the UK Southern Gas Basin and onshore Romania and exploration activity on a further eight licences across the Europe - North Africa region. For more
information please visit www.europaoil.com

.

.

I hold AST before but sold my holding because I was redifining my holdings which was too diversified. I decided to maximise my return by concentrating on less number of Oil companies. I have a great admiration for AST's business strategy which is to buy a productive asset instead of risky exploration assets. This is a very excellent strategy in this hit and miss oil exploration. Now will AST find FAO attractive enough to buy it? That remains to be seen. Best luck to all AST holders.

georgetrio, you lost me, I do not think a European focused company like AST would buy an African focused company like FAO.

AST the drilling campaign starts soon, and we should be on a strong move up come the end of October.

Been reading shares magazine I reckon.

They said expose to less stocks in order to maximise any gain, problem as I see it is that you also maximise your loss should there be one.

To speculate that AST would even think of buying an African asset is plain daft.

Sorry georgetrio, no offence but thats what I think of your comment.

Do not take it serious, the point i want to make is that AST strategy is to buy productive asset and i am a fan of AST which remains in my watchlist. Will join you soon. Best luck

From the price action (lots of sells but SP up) looks like a buy order of some sorts is in the background perhaps ?

Good news :

http://www.investegate.co.uk/article.aspx?id=200610050700309850J


Aurelian Oil & Gas plc
05 October 2006

Ascent Resources plc & Europa Oil & Gas plc


First Gas sales from Bilca Development

Aurelian Oil & Gas PLC ('Aurelian' or the 'Company'), the exploration and production company focussed on Central Europe, acting as operator of the joint venture with MIRC (a wholly owned subsidiary of Ascent Resources plc), Europa Oil & Gas (Holdings) plc and S.N.G.N, Romgaz S.A, is pleased to announce first gas sales from the Bilca Development situated in the Brodina Block in Northern Romania. Gas sales volumes will gradually increase over the next few days to the contract rate for October of 200,000 cu.m per day.

5th October 2006

Note:

The Joint Venture is between Aurelian, (28.75%), Europa (28.75%) and Ascent (5%) and the Romanian state gas producing company S.N.G. N, Romgaz S.A, (37.5%) and covers the Brodina Concession, which covers 1,475 km2 in Northern Romania on the Ukraine border. Three wells were drilled in 2005 and 2006, of which all discovered commercial quantities of gas. These are known as the 'Bilca Development' which is the subject of this announcement. Aurelian is the operator.

Ascent Resources plc

Ascent Resources plc has an extensive portfolio of over 20 oil and gas projects across six countries in Europe. These include an 88% interest and operatorship of the only onshore Spanish oilfield which produces over 100 barrels of oil per day. Ascent's other projects are in Italy, Switzerland, Hungary and Romania, as well as applications offshore Netherlands. Starting late this summer Ascent will drill six (with two optional extra) exploration wells, two (or four) in Hungary and two each in Spain and Italy. In 2007, high impact gas exploration wells are
planned in the Po Valley in Italy and in Switzerland.

You've been busy this morning pp.

Another peice in the jigsaw.

It is indeed seawallwalker.

Looks good with that strong of "X" trades, someone perhaps is now taking out the seller we have had for so many months, lets hope they clear them out totally, and then we can at last break through 15p and be on our way to a rerating IF we get a little bit of success ;)

IMO, DYOR !

This is one of my two sleepers.

I think it may wake up very soon.

700K X trade just now to go with yesterdays X trades :)

Seems to have taken the slack up as well, could buy at 13.15 before it, now its 13.38 to buy.

L2 ticked up and now 2 v 3

Is the seller now sold out ????? Are we going to move up soon ?

Solid good news today, and drilling of their first 2006 campaign well starts on the 21st October :)


Award of exploration licences

RNS Number:5323K
Ascent Resources PLC
16 October 2006

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

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

North Sea Licences awarded by Dutch Government

Ascent Resources plc, the AIM traded oil and gas exploration and production
company, through its 90% owned joint venture (JV) with GTO Limited, has been
awarded four exploration licences covering a total area of 795 square kilometres
by the Dutch Government.
The P4, M8, M10 and M11 licences were identified by the JV following a technical
evaluation by GTO and Ascent. The technical work focussed on the newly
recognised Carboniferous exploration plays as well as the traditional
Rotleigendes plays. Gas was discovered within the M11 permit (M11-01) in 1982
following a drill programme by NAM, and was tested at a rate of 6,600 cu.m per
day (233 Mscfd) from the Upper Slochteren sandstones of the Rotliegendes (as
reported by TNO on behalf of the Dutch Ministry of Economic Affairs). In the
area of M8, M10 and M11 a 3-D seismic survey is due for release next month and
this will form the basis for the new exploration effort.
To assist in the funding of this exploration, Ascent has agreed a farm-in from
Canadian company McLaren Resources Inc ("McLaren"), whereby McLaren will pay
62.5% of the JV costs for a 45% beneficial interest. Also, under the terms of
the GTO JV agreement, GTO will receive 814,941 Ordinary Ascent Shares of 0.001p
at a price of 11.78p (being the average price over the past six months).
Ascent Managing Director Jeremy Eng said: "The award of these licences in the
Netherlands adds a new dimension to Ascent. These are the Company's first
offshore assets and they are in the shallow waters of the southern North Sea.
The exploration targets are gas reservoirs and the M11 block already contains a
gas discovery. With Wintershall, Gaz de France and NAM (Shell-ESSO) all
operating nearby, it is our expectation that the gas potential of this area will
be developed quickly."

Additionally, following the Letter of Intent from Swedish Company PetroPequnia
AB announced on 23rd August 2006 regarding the exploration and development of
the hydrocarbon resources of the Nyirseg Del and Nyirseg Szatmar exploration
permits in north-eastern Hungary, Ascent has finalised an agreement, whereby
PetroPequnia AB will farm-in for a 2% working interest. They will pay a
contribution to back-costs as well as 4% of the cost of the drilling programme
with up to four wells. The terms of the agreement are the same as those
previously agreed with DualEx Nyirseg Inc and also announced on 23rd August.
For this project, the drilling rig is currently in transit to the first drilling
location and is expected to commence drilling the PEN-104 well on 21st October
2006.

* * ENDS * *

For further information visit www.ascentresources.co.uk or contact:
Jeremy Eng Ascent Resources plc Tel: 020 7251 4905
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477

Notes
Ascent Resources has an extensive portfolio of over 20 oil and gas projects
across six countries in Europe. The projects are onshore in Italy, Switzerland,
Hungary, Spain and Romania and now offshore the Netherlands. Ascent is
commencing a programme of six exploration wells, at least two in Hungary and two
each in Spain and Italy. In 2007, high impact gas exploration wells are also
planned in the Po Valley in Italy and in Switzerland. Ascent will also
participate in up to four non-operated exploration wells in the Aurelian Oil &
Gas PLC led project in Romania (5% Ascent) from where gas production from the
Bilca development has just commenced. Ascent also produces about 100 barrels of
oil daily from Spain's only onshore oilfield.

With the strong and stable European gas market, Ascent's portfolio favours gas
over oil and, with the exception of the Netherlands, all of its projects are
located onshore where operating and development costs are less than they are
offshore.

Ascent's Board of Directors are specialists in the oil and gas business and each
director has extensive expertise and experience in commercialising energy
assets. The Company's Board and Executive Management provide the basis upon
which Ascent can accommodate the rapid growth that will accompany a discovery
made during the drilling campaign.

Write up on the link below :


http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1161138903&feed=oilbarrel_en


18.10.2006

Ascent Resources Makes Its First Move Offshore In The Increasingly Popular Dutch North Sea


It may not be wildcatting on the Atlantic Margins or breaking new ground in under-explored corners of Africa but the Netherlands is starting to attract......................................................

Ascent Resources PLC
23 October 2006

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

Commences Drill Programme with First Well in Hungary

Ascent Resources plc, the AIM traded oil and gas exploration and production
company, announces that its drilling campaign is now underway with the spudding
of the PEN-104 well in Hungary.

PetroHungaria kft (a 90% owned subsidiary of Ascent), spudded the PEN-104 well
on October 21, 2006. Partners in the well are DualEx of Canada (37.5%) and Petro
Pequnia of Sweden (2%). This morning at 6am (local time) the rig was drilling
ahead in 12-1/4' hole at 285m with a planned total depth (TD) of 1,350m.

PEN-104 is a re-appraisal well within the once productive Peneszlek gas field
and targets gas reservoirs in the Pannonian clastics and the underlying Miocene
tuffs. The Peneszlek gas field produced a total of 4.8 bcf (136 mcm) of gas from
six wells between 1983 and 1989. Re-mapping of the field using seismic data
acquired in 2006 by PetroHungaria leads the parties to believe that significant
reserves may be remaining.

Once PEN-104 drilling is completed, the rig will be moved to the FGY-2 location
in the north part of the block. The group then has the option to drill two
further wells in the western part of the acreage in the first half of 2007.

* * ENDS * *
For further information visit www.ascentresources.co.uk or contact:

Jeremy Eng Ascent Resources plc Tel: 020 7251 4905
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477

Notes
Ascent Resources has an extensive portfolio of over 20 oil and gas projects
across six countries in Europe. The projects are onshore in Italy, Switzerland,
Hungary, Spain and Romania and offshore the Netherlands. Ascent is commencing a
programme of six exploration wells, at least two in Hungary and two each in
Spain and Italy. In 2007, high impact gas exploration wells are also planned in
the Po Valley in Italy and in Switzerland. Ascent will also participate in up to
four non-operated exploration wells in the Aurelian Oil & Gas PLC led project in
Romania (5% Ascent) from where gas sales from the Bilca development commenced
earlier this month. Ascent also produces about 100 barrels of oil daily from
Spain's only onshore oilfield.

With the strong and stable European gas market, Ascent's portfolio favours gas
over oil and, with the exception of the Netherlands, all of its projects are
located onshore where operating and development costs are less than they are
offshore.

Ascent's Board of Directors are specialists in the oil and gas business and each
director has extensive expertise and experience in commercialising energy
assets. The Company's Board and Executive Management provide the basis upon
which Ascent can accommodate the rapid growth that will accompany a discovery
made during the drilling campaign.

Should be approaching a time when news could come out at anytime. Might see some interest building.

Kitosh the cat just got some AST yesterday ;) Wise cat !! ;)

From Petro Pequnia website

Weekly report November 3

The first well P-104 in our Hungarian drilling campaign has reach a depth of 1280 meters. Planned depth of this drilling is 1350 meters.