Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Ascent Resources Plc
[{"type":"text","content":"\n Ascent Resources PLC\n12 July 2007\n\n\n Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas\n\n Ascent Resources plc ('Ascent' or the 'Company')\n Statement re share price movement\n\nAscent Resources plc, the AIM-traded European focussed oil and gas exploration\nand production company, notes the recent rise in its share price. Further to\nthe announcement on 28 June 2007, the Company is drilling the Anagni-1 well in\nItaly and has just commenced logging the well. The Company will complete\nlogging in the coming days and, following preliminary analysis, it plans to\nupdate the market early next week.\n\n * * ENDS * *\n\n\nFor further information visit www.ascentresources.co.uk or contact:\n\nJeremy Eng Ascent Resources plc Tel: 020 7251 4905\n\nHugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477\n\n\nNotes:\n\nAscent Resources has a portfolio of over 20 gas and oil projects across six\ncountries in Europe. The projects are onshore in Italy, Switzerland, Hungary,\nSpain, Slovenia and offshore Netherlands. Ascent is at present drilling a\nprogramme of exploration wells across its portfolio. The Company operates\nSpain's only onshore oilfield where production currently averages over 110\nbarrels of oil per day. With the stable European gas market, Ascent's portfolio\nfavours gas over oil. With the exception of the Netherlands, all of its projects\nare located onshore where operating and development costs are substantially\nlower than they are offshore.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1807,"tagName":"div"}]