Clarification of Holding

Ascent Resources PLC
21 December 2007

      Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas



                Ascent Resources plc ('Ascent' or 'the Company')

                  Clarification of Tiger Resources Investment



Ascent Resources plc, the AIM-traded oil and gas exploration and production
company, announces that following press speculation to the contrary, Tiger
Resource Finance Plc has increased it's shareholding in the Company following
the exercise of warrants.



On 17 December 2007 notification was received from Tiger Resource Finance Plc
that on 14 December 2007 Tiger Resource Finance plc had a total holding of
24,642,857 ordinary shares of 0.1p each in the Company, which represents 8.17
per cent. of the Company's issued ordinary share capital. This figure was an
increase on its holding following the exercising of 549,541 warrants at a price
of 12 pence per share.



                                  * * ENDS * *



For further information visit www.ascentresources.co.uk or contact:

Jeremy Eng          Ascent  Resources plc              Tel: [phone]
Hugo de Salis       St Brides Media & Finance Ltd      Tel: [phone]
Max Hartley         Cenkos Securities plc              Tel: [phone]



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.




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