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Pin to quick picksAscent Resources Regulatory News (AST)

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Acquisition

20 Oct 2005 12:32

Ascent Resources PLC20 October 2005 Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas 20th October 2005 Ascent Resources plc ("Ascent" or "the Company") Acquires Interest in Producing Spanish Oil Field and 2D Seismic Acquisition in Hungary Underway Ascent Resources plc, the AIM quoted oil and gas exploration and productioncompany, has acquired a 50% interest in Northern Petroleum Exploration Limited('NPEL'), for a consideration of 370,370 shares and cash from Gold Oil plc.NPEL holds a 22.5% interest in the La Lora concession that contains theproducing Ayoluengo oil field in the Sedano Basin in Northern Spain. NPEL wasrecently sold by Northern Petroleum plc to Gold Oil plc. The Sedano basin is an established oil and gas producing area. The AyoluengoField has already produced some 17 million barrels of oil and is currentlyproducing 110 barrels of oil per day. The Company recently acquired a 50% interest in the Huermeces, Valderredible andBasconcillos-H exploration permits which are also located in the Sedano Basinand cover a total of 556 square kilometres surrounding the Ayoluengo Field.These permits contain two discoveries and an appraisal programme with thedrilling of two wells will commence as soon as possible. These wells willappraise the Hontomin 2 discovery well drilled by Chevron in 1968, whichproduced oil during testing, and the Tozo 1 discovery drilled by Chevron in1965, which flowed several hundred barrels over a five month period. The Tozo 1well also contains an un-tested gas sand. Furthermore, Ascent through its 90% owned joint venture Petro Hungaria, hascompleted over 100 km out of a planned 270 km of 2D seismic in the Nyirsegexploration permits of North Eastern Hungary. The new seismic will define theprospectivity of the permit that had already been recognised from there-processing of the old seismic, the analysis of well-logs and the analysis ofthe data from the Peneszlek field. The Peneszlek field is a gas field locatedin the exploration permit and it produced gas between 1983 and 1989. Theseismic acquisition which is using vibroseis technology is on schedule andwithin budget. It is expected that the field work will be complete in earlyNovember. * * ENDS * * Contacts: Jeremy Eng Ascent Resources Plc Tel: 020 7251 4905Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
25th Apr 20137:00 amRNSDisposal of interest in PetroHungaria Kft
24th Apr 201311:59 amRNSForm 8.3 - Ascent Resources PLC
24th Apr 201310:02 amRNSForm 8.3 - Ascent Resources PLC
12th Apr 20137:00 amRNSOpen Offer and Notice of General Meeting
21st Mar 201312:16 pmRNSForm 8.3 - Ascent Resources PLC
22nd Feb 201311:05 amRNSForm 8.3 - [Ascent Resources PLC]
18th Feb 201310:19 amRNSForm 8.3 - Ascent Resources PLC
15th Feb 20131:32 pmRNSForm 8.3 - Ascent Resources PLC
12th Feb 20137:00 amRNS£10 million Financing Facility Agreed
11th Feb 201310:34 amRNSForm 8.3 - [Ascent Resources PLC]
25th Jan 20133:00 pmRNSForm 8.3 - [Ascent Resources PLC]
24th Jan 20134:22 pmRNSForm 8.3 - Ascent Resources PLC
16th Jan 201310:34 amRNSForm 8.3 - Ascent Resources PLC
9th Jan 201312:02 pmRNSForm 8.3 - Ascent Resources PLC
28th Dec 201212:25 pmRNSForm 8.3 - Ascent Resources PLC
24th Dec 20127:00 amRNSConvertible Loan Note Issue
19th Dec 20123:27 pmRNSStatement Re Farm-In
17th Dec 201212:59 pmRNSForm 8 (OPD) - Ascent Resources Plc
14th Dec 20122:53 pmRNSBoard Change
11th Dec 201210:16 amRNSForm 8.3 - Ascent Resources plc
4th Dec 201212:20 pmRNSForm 8.3 - [Ascent Resources Plc]
4th Dec 201210:45 amRNSForm 8.3 - Ascent Resources plc
3rd Dec 20127:00 amRNSStrategic Alternatives Process and Offer Period
26th Oct 20127:00 amRNSStatement re. Press Speculation
9th Oct 20121:52 pmRNSBNPP Credit Facility Update
27th Sep 20127:00 amRNSHalf Yearly Report
23rd Aug 20127:00 amRNSAppointment of CEO and Management Changes
27th Jul 20128:24 amRNSFinancing Update
10th Jul 20127:00 amRNSPeneszlek Operational Update
28th Jun 20124:10 pmRNSPosting of Annual Report and Accounts
27th Jun 20123:17 pmRNSResult of AGM
15th Jun 201211:22 amRNSHolding(s) in Company
30th May 20127:00 amRNSFinal Results
29th May 20123:40 pmRNSBNP Paribas Credit Agreement
22nd May 20129:34 amRNSHolding in Company
15th May 20124:13 pmRNSHolding in Company
27th Apr 201210:30 amRNSHolding in Company
18th Apr 20127:00 amRNSPositive Drilling Results in Eastern Hungary
13th Apr 201211:52 amRNSCorrection - Holding in Company
13th Apr 20127:00 amRNSHolding(s) in Company
21st Mar 20127:00 amRNSPenészlek Operations Update
24th Feb 20122:44 pmRNSHolding(s) in Company
23rd Feb 20127:00 amRNS22% Increase in Gas-in-Place for Petisovci Project
12th Dec 201111:42 amRNSDirector/PDMR Shareholding
25th Nov 20117:00 amRNSHigh Gas Flows from Successful Pg-10
11th Nov 201112:15 pmRNSHolding(s) in Company
11th Nov 20118:11 amRNSHolding(s) in Company
4th Nov 20115:29 pmRNSDirector Dealing
2nd Nov 20117:00 amRNSPreliminary Pg-11A Results
19th Oct 20119:15 amRNSSuccessful Pg-11 Fracture Stimulation

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