Ascent Resources Regulatory News (AST)

8 Jan 2009 15:44



Ascent Resources plc 

08 January 2009 

Ascent Resources plc

("Ascent" or "the Company")

Director's dealing

Jeremy Eng, Managing Director of Ascent, has today purchased 1,808,557 ordinary shares of 0.1p each in the Company at a price of 2.75p per share. Following this purchase, Mr Eng is interested in 3,808,557 ordinary shares in the Company, representing 1.25 per cent. of the issued share capital of the Company.

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For further information visit www.ascentresources.co.uk or contact:

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. In October 2008, Ascent agreed with San Severina Holdings SA, a Swiss based investment company, to establish an oil and gas asset management joint venture. The joint venture will acquire minority interests and providing investment funding for producing and development or appraisal stage oil and gas projects.