Statement re Share Price Movement

Ascent Resources plc

("Ascent" or the "Company")

Statement re Share Price Movement

The Board of Ascent notes the rise in the Ascent share price and confirms that a well test is set to commence at Pg-10 on Thursday 26 January 2017.

In advance of the test gas is presently being flared to clean up the well.

The test is designed to last several days and a full announcement will be made upon completion, expected next week.

Enquiries:

Ascent Resources plc 0207 251 4905

Clive Carver, Chairman

Colin Hutchinson, CEO

Stockdale Securities Limited, Nominated Adviser and Joint Broker 0207 601 6100

Richard Johnson

Edward Thomas

Northland Capital Partners Limited, Joint Broker 0203 861 6625

Tom Price

John Howes

IFC Advisory Ltd, Financial PR and IR 0203 053 8671

Graham Herring

Tim Metcalfe

Heather Armstrong