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

ITALIAN ASSETS - PO VALLEY AND LATINA VALLEY :

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The PO VALLEY is the Cento and Bastiglia area's on the map.

CENTO (Reno) (50% Ascent) is 3 Gas Prospects

BASTIGLIA (50% Ascent) is 3 Gas Prospects

2 prospects will be drilled in H2 2008.

Farm out is done. Information on the area can be seen in the farm out document : http://www.envoi.co.uk/P136Ascent-PoValleySyn.pdf



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The LATINA VALLEY comprises of

FROSINONE - Anagni (80% AST) - Oil prospect (now testing) (potential for two further drills to be planned in to define the potential (large? :))reservoir)

FROSINONE - Veroli (70% (80%?) AST - Oil prospect (to be drilled future)

STRANGOLAGALLI - (50% AST) - Oil prospect (to be drilled future)

FIUME ARRONE - Arrone - (56% AST) - Small gas prospect (P&A Aug 07)


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From the 2006 WHI report :

"Italy

Italy is becoming a key country for Ascent and it seems that more projects are under review. The most exciting acreage is two large exploration contracts in the central part of the prolific gas-producing Po Valley. The interest here derives from a new play, namely the drilling of stratigraphic traps.

Hitherto, the fields were found in structural traps, now all drilled, but advanced seismic techniques have been locating smaller fields in the new play.

Ascent has identified twelve leads from an initial review of its purchased seismic data, but is reprocessing the data to identify drilling locations. When this is done the company will need to apply for drilling permits, which takes at least ten months, so drilling will probably not kick off until next year.

Drilling will take place sooner in the Latina Valley, as the permitting process for the shallow Anagni well is complete. However, we would caution that this well is primarily aimed at obtaining parameters for a seismic programme rather than looking for oil and gas. (PP Edit - Ho Ho Ho and we struck an oil field)

The acreage surrounds a shallow producing field, Ripi. Ascent believes that the Ripi oil is characteristic of older, deeper oil as is the case elsewhere in Italy and will be targeting the larger deep prospects."



"Pentex preparing to spud wildcat in western Italy

According to partner Ascent Resources, Pentex will spud a new field wildcat in early December 2006 in the Frosinone exploration permit, which is in west-central Italy. Anagni 1 is targeting the thrusted carbonate units of the southern Apennine, which resemble reservoirs like those found in the Monte Alpi, Tempa Rossa and Cerro Falcone fields. The 858 sq km permit is located in Frosinone, Latina and Roma political provinces near the Latina Valley of the Lazio region. In a geological sense, the tract is located within the Apennine Platform Nappe, tectonic unit of the Southern Apennines. Ascent says the rig will then be moved to northern Spain to drill a wildcat in the Cantabrian Basin."

.

SWITZERLAND ASSETS - 5 Prospects in total - Molasse Basin


Leni farming in for up to 40% of the prospects and paying for drilling etc... more details in Oct 2007 RNS http://www.investegate.co.uk/Article.aspx?id=200710251545033845G


BERN 1 - Linden - (Ascent circa 50% / Leni circa 40%) - Gas prospect (to be drilled in late 08 or 09)

BERN 2 - Hermrigen - (Ascent circa 50% / Leni circa 40%) - Gas prospect (to be drilled in late 08 or 09)

VAUD - total 3 prospects (Ascent circa 50% / Leni circa 40%) - Oil and Gas (to be drilled in late 08 or 09)

Vaud contains a 1962 oil discovery at Essertines. Bern contains two gas discoveries (Linden 1972 and Hermrigen 1982).

High prospectivity for gas in this region. Has Triassic gas seeps in many places. Potential for multi-Tcf gas finds.

Gas and oil seeps at surface are the dots in the below picture :

SPANISH ASSETS - EXPLORATION


ALL OIL ASSETS SOLD - to Leni in October 2007 - details in the link below :
http://www.investegate.co.uk/Article.aspx?id=200710251545033845G


AST remaining asset is gas only :

ROCAMUNDO - (Ascent 50%) - Gas - (In application stage)

HOLLAND ASSETS - Offshore Exploration (planned for 2009/2010)

Joint Venture - 40% EBN (Dutch State Oil Company, Ascent 27% and others being GTO and McLaren Resources


Block M11 - FA - (Ascent 27%) - Gas - (Contains Unappraised M11-FA discovery)

Block M10 - Tschelling - (Ascent 27%) - Gas - (Contains part of the Tschelling field)**

Block M8 - Prospect A - (Ascent 27%) - Gas -

Block P4 - Prospect B (Ascent 27%) - Gas -


**Tschelling field is a NAM (Exxon-Shell) developement application.

HUNGARY ASSETS - PRODUCTION (08) AND EXPLORATION


NYIRSEG - Multiple - (Ascent 50%) - Gas - Pen9, Pen12 and Pen104 wells are all commcercial, the plan is to bring this field on line into production in Q1 2008, if not before. An independant reserves evaluation in P1/2/3 format is due for later in 2007.


ZALA - Bajsca - (Ascent 45%) - Gas (2 Horizontal completions to commence December 07)
UP TO 1 TCF of gas - potentially worth circa 2 billion Euro.


ZALA - Project B (Ascent 45%) - Gas

SLOVENIA AND GABON - OTHERS

SOLVENIA

Slovenia, Petisovci Globoki (15.75% and operator)- This field is considered as an extension of the Bajsca tight gas field in Hungary. One well previously drilled, D-14, intersected minor gas and water (only produced after three fracture stimulation attempts), but when deepened deeper reservoirs with estimated P50 gas in place of 579Bcf had strong gas shows which did not produce from an open-hole test (fracture stimulation was not attempted). Preliminary engineering studies are ongoing.

Slovenia, Petisovci Dolina (45% and operator)- total 2P reserves of 10.7mmbl.

http://www.investegate.co.uk/Article.aspx?id=200702260701008292R


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GABON

In Gabon, after 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). Both have extensive 2D and 3D seismic. Themis Marin is the more advanced licence which is scheduled to be drilled in Q3, while the seismic for Iris Marin is being processed with results due later this year.

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.