29 Sep 2010 07:00
Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas
29 September 2010
Ascent Resources plc ('Ascent' or 'the Company')
Completes conditions for €3m Deferred Consideration
Ascent Resources plc, the AIM-traded oil and gas exploration and production company, is pleased to announce that, further to the announcement of the 22 April 2010, it has completed the commercial conditions required to receive the additional €3million of consideration from the disposal of its Swiss subsidiary PEOS AG.
* * ENDS * *
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 |
| Sarah Wharry | finnCap Ltd | Tel: 020 7600 1658 |
| Henrik Persson | finnCap Ltd | Tel: 020 7600 1658 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
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.
Ascent Resources (AST)