Ascent Resources Regulatory News (AST)

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

26 October 2012

Ascent Resources plc

('Ascent' or 'the Company')

Statement re. Press Speculation

Further to recent media reports regarding Nafta Industrija Srbije AD, the Serbian oil and gas company controlled by OAO Gazprom Neft, Ascent Resources plc, the AIM listed European oil and gas production and exploration company confirms it is in negotiations with a number of parties regarding a farm out of its Slovenian asset. 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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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.