Ascent Resources Plc · LSE:AST
Ascent Resources — Oil Barrel Conference 2005
10 slides from Ascent Resources's conference presentation, Nov 30, 2005
Slide 1: Oil and Gas Exploration & Production Company
Oil and Gas Exploration & Production Company Listed November 2004 Presented by Jeremy Eng, Managing Director Oil Barrel Conference November 30, 2005
Slide 2: Strategic Progress
Strategic Progress 19 projects assembled in eight months Significant Shareholders RAB Energy Fund Better than 70% share in most projects RB Rowan Tiger Resource Finance Ltd Framlington Investment Up to six wells in next 12 months Ascent Capital Fidelity Investments Hardman Resour
Slide 3: Portfolio Structure & Distribution
Portfolio Structure & Distribution Oil Barrel Conference November 30, 2005
Slide 4: Hungary
Hungary Hungary Petro Hungaria Kft: 90% Ascent/10% Geomega Gas Exploration in two Exploration Permits 270 km 2-D seismic programme just completed Permitting of two drilling locations to commence in the New Year Tight gas field developments with MOL MOU for joint development signed 50-50 share of
Slide 5: Italy
Italy Ascent Resources Italia s.r.l. wholly owned subsidiary Po Valley - Gas Exploration in two exploration permits Seismic review identified 12 leads - Reprocessing of 170km underway Permitting of two drilling locations to commence in the New Year Oil Exploration in the Latina Valley Farm-in to
Slide 6: Spain
Spain Oil Production and Oil and Gas Exploration Ascent Production Limited has Agreements for: Purchase of Teredo Oils – 52.5% of Ayoluengo oilfield 50% of NPEL – 11.25% of Ayoluengo oilfield 50% of three exploration permits Offshore exploration JV under evaluation Ayoluengo Field X-Section Se
Slide 7: Switzerland
Switzerland Swiss Joint Venture (90%) with SEAG (10%) Oil and gas exploration in the Molasse Basin Vaud: Oil exploration application gazetted; contains a 1962 oil discovery Bern: Two gas exploration permits; two gas discoveries (1972 & 1982) Vaud Seismic Profiles Cuarny gas seep burning Oil Barr
Slide 8: Netherlands
Netherlands Joint Venture: 90% Ascent 10% GTO Ltd Application submitted in Quadrants P and M Offshore gas exploration project Potential targets Offshore Seismic Stratigraphy Oil Barrel Conference November 30, 2005
Slide 9: Gabon
Gabon Ascent Gabon Limited, wholly owned subsidiary 10% interest in the Ibekelia Technical Evaluation Agreement 1.75% Net Profits Interests in the Iris Marin and Themis Marin PSCs Salt Isopach Geological X-Section Oil Barrel Conference November 30, 2005
Slide 10: Summary
Summary Portfolio of 19 European and African projects assembled since March 2004. Production of 75 bopd from Ayoluengo oilfield provides cashflow to cover overhead. Ascent Resources management team of industry specialists with strong technical backgrounds, extensive network base and proven tra