Ascent Resources Plc · LSE:AST
Ascent Resources — Investor Presentation (January 2007)
17 slides from Ascent Resources's investor presentation, January 2007
Slide 1: A European Gas and Oil Exploration and Production Company
Ascent Resources Group January 2007 A European G a s a n d O i l E x p lo ra t io n and Pro d u c t io n C o m p a ny
Slide 2: Share Performance
Share Performance Ascent Resources PLC (AST) v Oil & Gas Producers Pence 15 15 14 14 13 13 12 12 11 11 10 10 9 9 31/1/06 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 23/1/07 Ascent Resources PLC (AST) Market Capitalisation 35 30 25 Market Capitalisation £m 20 15 10 5 0 Nov-04 Jan-05 Mar May Jul Sep Nov J
Slide 3: Overview
Overview • Fast-growing European oil and gas exploration and production company with assets across five countries. • Balanced portfolio of projects with production, reserve appraisal, early and late stage exploration. • Fully funded exploration and production vehicle. • Experienced management and Bo
Slide 4: Portfolio Organisation
Portfolio Organisation M11 FA Gas P4 27% prospect ‘B’ Gas M10 27% Terschelling Gas 27% NETHERLANDS Bern 1 Bern 2 M8 Linden Hermrigen prospect ‘A’ Gas Gas Gas 27% 90% 90% Pending Application Vaud Rocamundo SWITZERLAND 3 Prospects gas 50% Valderredibles Oil & GAS Huidobro 90% La Lora Oil Ayoluengo 50%
Slide 5: Exploiting Europe's forgotten assets
Exploiting Europe’s forgotten assets • The European gas market is a stable and secure arena in which to compete. • The European market is a net importer of oil and gas; domestic production and diversity of supply are core to the energy supply strategy. • Domestic production and energy import substit
Slide 6: Hungary
Hungary Nyirseg Del Peneszlek Gas 50% Nyirseg Del Vamospercs HUNGARY Gas Zala 50% Project ‘B’ Gas 45% Nyirseg Szatmar Zala Fehergyarmat Bajsca Gas Gas 50% 45% 6
Slide 7: Hungary: Two major projects
• Hungarian JV PetroHungaria Kft is 90% owned by Ascent Resources, 10% by Geomega. Two major projects: • Conventional gas exploration Nyirseg in north-east Hungary. PetroHungaria drilled the PEN-104 and FGY-2 wells in November and December 2006. The PEN-104 well discovered gas in a new Pannonian res
Slide 8: Italy
Italy Map of Cento-Bastiglia Seismic CENTO reno Gas 98% Bastiglia 3 prospects Gas 98% Frosinone Anagni italy Oil Fiume 70% Arrone Arrone Gas Frosinone 40% Veroli strangolAGALLI Oil Oil 70% 50% 8
Slide 9: Italy: Latina Valley, Po Valley, Fiume Arrone
• Ascent Resources has three main projects in Italy: • Latina Valley Anagni-1 Well drilled in January 2007 has discovered a new oil reservoir. The well is located in the Frosinone Exploration Permit, 70% Ascent Resources, 30% Pentex Italia. • Po Valley Up to four gas exploration wells are planned fo
Slide 10: Spain
Spain pending application Ayoluengo Field X-Section Rocamundo gas 50% Valderredibles Huidobro La Lora Oil Ayoluengo 50% Oil 88¾% SPAIN Huermeces Hontomin Oil 50% Basconcillos H Tozo Oil 50% 10
Slide 11: Spain: Five projects including Ayoluengo oilfield
• Ascent Resources has five projects in Spain • Ayoluengo oilfield The only onshore oilfield in Spain - average monthly production of 120 bopd. Ascent 88.75%, Gold Oil plc 11.25%. • Huermeces Exploration Permit The Hontomin-4 well is to be drilled in February 2007. This is an appraisal well to the C
Slide 12: Netherlands
Netherlands M11 Stratigraphic Survey FA Gas P4 27% prospect ‘B’ M10 Gas Tschelling 27% Gas 27% NETHERLANDS M8 prospect ‘A’ Gas 27% 12
Slide 13: Netherlands: Four North Sea exploration blocks
• Ascent Resources awarded four exploration blocks offshore in the North Sea. • Gas exploration and appraisal Block M11 contains un-appraised M11-FA discovery. Block M10 contains part of the Terschelling Field, a NAM (Shell-Exxon) development application. Blocks P4 and M8 are prospective in both the
Slide 14: Switzerland
Switzerland Bern 1 Bern 2 Vaud Seismic Profiles Linden Hermrigen Gas Gas 90% 90% Vaud SWITZERLAND 3 ProspectS Oil & GAS 90% 14
Slide 15: Switzerland: Swiss Joint Venture
• Swiss Joint Venture (90%) with SEAG (10%) • Oil and gas exploration in the Molasse Basin • Canton of Vaud Oil exploration permit awarded. Contains a 1962 oil discovery - Essertines. • Canton of Bern Two gas exploration permits. Two gas discoveries (Linden 1972 & Hermrigen 1982). • Seismic reproces
Slide 16: Board & Executive Management
Board & Executive Management JOHN KENNY – Chairman JEREMY ENG – MALCOLM GROOM JONATHAN LEGG Track record of creating Managing Director – Legal Director – Commercial Director shareholder value in the Experience and contacts in Energy lawyer and adviser Established successful oil & gas sector operatio
Slide 17: Summary
Summary • Portfolio of 20 European oil and gas projects assembled during 2005 across five countries. • Full cycle oil and gas company - Operating exploration, drilling and production. • Two discoveries, one oil and one gas, in three wells drilled. • Benefits of low cost onshore exploration, developm
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