Ascent Resources Regulatory News (AST)

25 Jun 2009 15:45



Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

25th June 2009

Ascent Resources plc ('Ascent' or 'the Company')

Director's dealing

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that Malcolm Groom, Legal Director of Ascent, has purchased 400,000 ordinary shares of 0.1p each in the Company at a price of 3.30p per share. Following this purchase, Mr Groom is interested in 1,997,705 ordinary shares in the Company, representing 0.62 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. 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 development or appraisal stage oil and gas projects.