Thu, 4th Nov 2010 08:13 LONDON, Nov 4 (Reuters) - Ascent Resources Plc:
* Completes sale of Görbeháza-1 discove
ry in hungary
* Ascent will initially receive a cash consideration of US$300,000
* Additionally pro rata payments to Ascent US$300,000 per bcf when production from gh-1 exceeds 1 bcf
* Proceeds will be used for the development of Ascent's European portfolio, which includes assets in Italy, Slovenia and Hungary
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