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Ascent Resources Share News (AST)



Share News for Ascent Resources (AST)


Share Price: 0.65Bid: 0.60Ask: 0.70Change: -0.025 (-3.70%)Faller - Ascent Res.
Spread: 0.10Spread as %: 16.67%Open: 0.675High: 0.69Low: 0.60Yesterday’s Close: 0.675




BRIEF-Ascent Resources completes sale of Görbeháza-1 discovery

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

((London Equities Newsroom; +44 20 7542 7717))



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