Business
Commences Seismic Acquisition
Commences Seismic Acquisition.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n RNS Number : 7321W Ascent Resources PLC 16 June 2008 \n \nAscent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n16th June 2008\nAscent Resources plc ('Ascent' or 'the Company')\nCommences Seismic Acquisition on Frosinone permit\n\nAscent Resources plc, the AIM-traded oil and gas exploration and production company, is starting a 2-D seismic acquisition programme of approximately 30 km on its Frosinone Exploration Permit in the Latina Valley, onshore Italy. The new seismic acquisition will focus on the area up dip from the Anagni-1 well with an objective of establishing the presence of the key sealing faults. Depending on the results of the seismic interpretation an appraisal well location may be chosen.\n\nThis seismic acquisition programme follows the drilling of the Anagni-1 well, which penetrated a porous, reservoir quality, carbonate formation. The new seismic programme will be integrated with the Anagni well data to assist Ascent's technical team in evaluating the potential of the Anagni structure. \n\nAscent Managing Director Jeremy Eng said, 'The Anagni-1 results underpin the hydrocarbon potential of the region and represent the first stage of exploration for a new reservoir system in the Frosinone permit area. Seismic recorded at the time of drilling indicate that the well was drilled in a less than optimal subsurface location on the flank of the Anagni structure. However, traces of live oil were recovered both in core samples and during testing, which have provided enough encouragement for further exploration and evaluation of the permit's potential and hence the commencement of this seismic survey.'\n\nThe information contained in this announcement has been reviewed and approved by Gavin Ward, Ascent's Exploration Manager (member of the AAPG) and has 19 years relevant experience in the oil industry.\n\n* * ENDS * *\n\nFor further information visit www.ascentresources.co.uk or contact:\n\n\n\n\nJeremy Eng\n\n\nAscent Resources plc\n\n\nTe...