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Statement Re Farm-In

19 Dec 2012 15:27

RNS Number : 9520T
Ascent Resources PLC
19 December 2012
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Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

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19th December 2012

Ascent Resources plc

('Ascent' or 'the Company')

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Statement regarding Farm-in

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Further to a presentation made by Nafta Industrija Srbije AD ('NIS'), the Serbian oil and gas company controlled by OAO Gazprom Neft, at their investor day on Monday 17 December 2012, Ascent, the AIM listed European oil and gas production and exploration company, confirms that the information presented was not true in relation to a farm-in having been signed between Ascent and NIS. Negotiations are still continuing but no agreement has been made. At this point there can be no guarantee an agreement will be reached. The Company will make any further announcement, if appropriate, in due course.

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Enquiries:

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Investors

Scott Richardson Brown

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Ascent Resources plc

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Tel: 020 7251 4905

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Matt Goode

Charlotte Stranner

Ben Thompson

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finnCap (NOMAD & Broker)

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Tel: 020 7220 0500

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Press

Anthony Cardew

Alexandra Stoneham

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Cardew Group

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Tel: 020 7930 0777

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Notes:

Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development projects across five countries in Europe: Slovenia, Italy, Switzerland, Hungary, and the Netherlands.

This information is provided by RNS
The company news service from the London Stock Exchange
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