Last checked at 23 Apr 2010 17:00
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
23 April 2010
Ascent Resources plc ('Ascent' or 'the Company')
Holdings in Company
Ascent was informed on 23 April 2010 by Tiger Resource Finance Plc, that following the sale of 8 million shares in the Company on 22 April 2010, Tiger Resource Finance Plc is no longer a significant shareholder in the Company.
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For further information visit www.ascentresources.co.uk or contact:
| Jeremy Eng | Ascent Resources plc | Tel: 020 7251 4905 |
| Simon Cunningham | Ascent Resources plc | Tel: 020 7251 4905 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
| Paul Youens | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
| Shane Gallwey | Astaire Securities | Tel: 020 7448 4400 |
| Jerry Keen | Astaire Securities (Corporate Broking) | Tel: 020 7448 4492 |
| Toby Gibbs | Astaire Securities | Tel: 020 7448 4400 |
| Daniel Fox-Davies | Fox-Davies Capital Ltd | Tel: 020 7936 5200 |
| James Hehn | Fox-Davies Capital Ltd | Tel: 020 7936 5200 |
Notes
Ascent Resources plc has a diversified portfolio of 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 would be offshore.