Anagni-1 Update

Ascent Resources PLC 21 December 2007 Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas Ascent Resources plc ('Ascent' or 'the Company') Resumes testing the Anagni-1 well in Italy Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that the workover operations on the Anagni-1 well in the Frosinone Exploration Permit in the Latina Valley, Italy, have been completed and that testing is expected to recommence today. The full potential of the well will not be known until large quantities of drilling fluids (drilling 'mud') that were lost into the reservoir formation while drilling are recovered. These losses, which are characteristic of high permeability reservoirs in the region are due to the fractured nature of the rock and will enhance the productivity of the formation. So far an estimated 75% of the volume of the lost fluids has been recovered. Core analysis results are encouraging for the oil potential of the well and the downhole equipment which uses the same pump as before has been reconfigured to more efficiently reach a conclusive test result. Ascent has an 80% interest in the Anagni-1 well and the Company will release further information on the progress of the testing operations as and when available. * * ENDS * * For further information visit www.ascentresources.co.uk or contact: Jeremy Eng Ascent Resources plc Tel: 020 7251 4905 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 Max Hartley Cenkos Securities plc Tel: 020 7397 8924 Notes Ascent Resources plc has a diversified portfolio of over 20 hydrocarbon exploration and development projects across six countries in Europe: Italy, Switzerland, Hungary, Spain, Slovenia and Netherlands. Ascent's portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside. The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they are offshore. This information is provided by RNS The company news service from the London Stock Exchange
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