Business
Joint Broker Appointment
Joint Broker Appointment.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n Ascent Resources PLC\n09 June 2006\n\n Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n\n\n\n9th June 2006\n\n\n Ascent Resources plc ('Ascent' or 'the Company')\n Appointment of Joint Broker\n\n\nAscent Resources plc, the AIM listed oil and gas exploration and production\ncompany, has appointed Hichens, Harrison & Co. plc as joint-broker to the\nCompany with immediate effect.\n\n\n\n * * ENDS * *\n\n\nContacts\n\nJeremy Eng Ascent Resources plc Tel: 020 7251 4905\nHugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477\n\n\n\nNotes\n\nAscent Resources has an extensive portfolio of over 20 oil and gas projects\nacross six countries in Europe. These include an 88% interest and operatorship\nof the only onshore Spanish oilfield which produces over 100 barrels of oil per\nday. Ascent's other projects are in Italy, the fourth biggest European\nhydrocarbon's producer, Switzerland, Hungary and Romania, as well as\napplications offshore Holland and minor assets in Gabon. Starting late this\nsummer Ascent will drill six exploration wells, two each in Hungary, Spain and\nItaly. High impact gas exploration wells in the Po Valley in Italy and in\nSwitzerland are planned for 2007. The Company will also participate in up to\nfour non-operated exploration wells in Romania.\n\n\nWith the strong and stable European gas market, the Company's portfolio is\nbalanced in favour of gas over oil, and with the exception of Holland, projects\nare located onshore where operating and development costs are very much less\nthan they are offshore.\n\n\n\nIn parallel with acquiring the oil and gas assets, the Company has appointed to\nthe Board a team of experienced directors who are specialists in the European\nenergy business and each of whom has expertise and experience in commercialising\nenergy assets.\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange SIAIIR \n ","length":2321,"tagName":"div"}]