Last checked at 16 Oct 2008 13:00
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
16 October 2008
Ascent Resources plc (AIM: AST)
('Ascent' or 'the Company')
Appointment of Fox-Davies Capital as Co-broker
Ascent Resources plc, the AIM-traded oil and gas production and exploration company, has appointed Fox-Davies Capital as its co-broker with immediate effect.
Cenkos Securities continues to act as broker and nominated adviser for Ascent.
Fox-Davies Capital is a Member of the London Stock Exchange and specialises in providing Corporate Finance advisory, broking and capital raising services to international resource companies.
Ascent Managing Director Jeremy Eng said, "We are pleased to appoint Fox-Davies Capital as co-broker to Ascent. Fox-Davies' specialist skills in the oil & gas sector and its wide-ranging relationships with resource investors in the UK and internationally, makes it an ideal addition to our advisory team."
***ENDS ***
Further information is available on Fox Davies Capital's website at: www.fdcap.com
For further information visit www.ascentresources.co.uk or contact:
| Jeremy Eng | Ascent Resources plc | Tel: 020 7251 4905 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
| Victoria Thomas | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
| Max Hartley | Cenkos Securities plc | Tel: 020 7397 8924 |
| Richard Hail | Fox-Davies Capital Limited | Tel: 020 7936 5234 |
Notes:
Ascent Resources plc has a diversified portfolio of some 20 hydrocarbon exploration and development projects across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands. Ascent's portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside. The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they are offshore.