Ascent Resources Regulatory News (AST)

21 Dec 2007 09:03

Ascent Resources PLC21 December 2007 Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas Ascent Resources plc ("Ascent" or "the Company") Clarification of Tiger Resources Investment Ascent Resources plc, the AIM-traded oil and gas exploration and productioncompany, announces that following press speculation to the contrary, TigerResource Finance Plc has increased it's shareholding in the Company followingthe exercise of warrants. On 17 December 2007 notification was received from Tiger Resource Finance Plcthat on 14 December 2007 Tiger Resource Finance plc had a total holding of24,642,857 ordinary shares of 0.1p each in the Company, which represents 8.17per cent. of the Company's issued ordinary share capital. This figure was anincrease on its holding following the exercising of 549,541 warrants at a priceof 12 pence per share. * * ENDS * * For further information visit www.ascentresources.co.uk or contact: Jeremy Eng Ascent Resources plc Tel: 020 7251 4905Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477Max Hartley Cenkos Securities plc Tel: 020 7397 8924 Notes Ascent Resources plc has a diversified portfolio of over 20 hydrocarbonexploration and development projects across six countries in Europe: Italy,Switzerland, Hungary, Spain, Slovenia and Netherlands. Ascent's portfoliocontains a solid base of field redevelopment projects with selected exposure toexploration upside. The portfolio is focussed on gas and with the exception ofthe shallow water Netherlands project, all of its projects are located onshorewhere operating and development costs are substantially lower than they areoffshore. This information is provided by RNS The company news service from the London Stock Exchange