Business
EnQuest transaction completed
EnQuest transaction completed.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n RNS Number : 0934B Ascent Resources PLC 11 February 2011 \n \n\nAscent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n11 February 2011\nAscent Resources plc ('Ascent' or 'the Company')\nEnQuest transaction completed\n \nAscent Resources plc, the AIM-traded oil and gas exploration and production company, has now completed the transaction with EnQuest PLC ('EnQuest'). \n \nThis morning 150,903,958 new ordinary shares were admitted to trading on AIM. These new shares have now been issued to EnQuest along with an option to receive a further 29,686,000 new ordinary shares in Ascent, subject to certain criteria related to the successful development of the Petišovci project in Slovenia.\n \n* * ENDS * *\n \nFor further information visit www.ascentresources.co.uk or contact:\n \n\n\n\n\nJeremy Eng\n\n\nAscent Resources plc\n\n\nTel: 020 7251 4905\n\n\n\n\nScott Richardson Brown\n\n\nAscent Resources plc\n\n\nTel: 020 7251 4905\n\n\n\n\nSarah Wharry\n\n\nfinnCap Ltd (NOMAD & Broker)\n\n\nTel: 020 7600 1658\n\n\n\n\nHenrik Persson\n\n\nfinnCap Ltd (NOMAD & Broker)\n\n\nTel: 020 7600 1658\n\n\n\n\nHugo de Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\n \nNotes:\n \nAscent Resources plchas a diversified portfolio of hydrocarbon exploration and development interests across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands. Its 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.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAFAFFDSFEFF \n ","length":4603,"tagName":"div"}]