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Last checked at 
23 Jul 2009 13:30
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Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
23rdΒ July 2009
Ascent Resources plc ('Ascent' or 'the Company')
AGM Statement
Ascent Resources plc, the AIM-traded oil and gas exploration and productionΒ company,Β held its Annual General Meeting today and all resolutions were duly passed.
* * ENDS * *
For further information visitΒ www.ascentresources.co.ukΒ or contact:
|
Jeremy Eng |
Ascent Resources plc |
Tel: 020 7251 4905 |
|
Hugo de Salis Chris Welsh |
St Brides Media & Finance Ltd St Brides Media & Finance Ltd |
Tel: 020 7236 1177 Tel: 020 7236 1177 |
|
Max Hartley |
Cenkos Securities plc |
Tel: 020 7397 8924 |
Notes
Ascent Resources plcΒ has a diversified portfolio of some 20 hydrocarbon exploration and development projects across five countries in Europe:Β Italy,Β Switzerland,Β Hungary,Β SloveniaΒ andΒ Netherlands. Ascent's portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside. The portfolio is focused on gas and with the exception of the shallow waterΒ NetherlandsΒ project, all of its projects are located onshore where operating and development costs are substantially lower than they are offshore. Ascent also has an oil and gas asset management joint venture with San Severina Holdings SA, a Swiss based investment company, which is focused on acquiring minority interests and providing investment funding for producing and appraisal or development stage oil and gas projects.
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