Business
Stabilised Gas Production in
Stabilised Gas Production in.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n RNS Number : 5740B Ascent Resources PLC 19 August 2008 \n \nAscent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n19th August 2008 \nAscent Resources plc ('Ascent' or 'the Company')\nGas production in Hungary\n\nAscent Resources plc, the AIM-traded oil and gas exploration and production company reports that production of gas from the PEN-104 well in the Penészlek area of the Nyírség permits in Hungary, which commenced on 12th August, has reached a stabilised average rate of 88,200 cu.m per day (3.12 MMscfd; 520 boepd).\n\nAscent holds a 45.23% interest in the Penészlek Project through its equity interest in PetroHungaria kft. Other partners are DualEx (37.5%), Geomega (8%), Leni Gas & Oil (7.27%) and Swede Resources (2%).\n\n* * ENDS * *\n \n \n\nGlossary\ncu. m Cubic metre\n\nMMscfd Millions of standard cubic feet of gas per day\nboepd Barrels of oil equivalent per day (1 barrel of oil is equivalent to 6,000 \nstandard cubic feet of gas)\n\nFor further information visit www.ascentresources.co.uk or contact:\nJeremy Eng Ascent Resources plc Tel: 020 7251 4905\nVictoria Thomas St Brides Media & Finance Ltd Tel: 020 7242 4477\nMax Hartley Cenkos Securities plc Tel: 020 7397 8924\n\nNotesAscent Resources plc h...