Last checked at 9 Oct 2008 14:51
9th October 2008
Ascent Resources plc ("Ascent" or "the Company")
EGM Statement
Ascent Resources plc, the AIM-traded oil and gas exploration and production company, held its Extraordinary General Meeting today and the Special Resolution to adopt new Articles of Association was duly passed.
Acopy of the new Articles of Association will be available on the Company's website at www.ascentresources.co.uk
**ENDS**
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 7242 4477
Victoria Thomas St Brides Media & Finance Ltd Tel: 020 7242 4477
Max Hartley Cenkos Securities plc Tel: 020 7397 8924
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.