Corporate Update

RNS Number : 8220Y

Ascent Resources PLC

03 January 2011

 



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

4 January 2011

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

Corporate Update

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has appointed Scott Richardson Brown as full time executive Finance Director, effective January 4^th 2011, replacing Simon Cunningham who is relocating to Australia.  Scott joined Ascent as a non-executive Director in November of 2010 to provide continuity during the handover.  Simon stepped down as a Director on the 31^st December 2010, although he will continue to provide the Company with the benefit of his experience through a consultancy arrangement.

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

Jeremy Eng	Ascent  Resources plc	Tel: [phone]
Scott Richardson Brown
Sarah Wharry	finnCap Ltd	Tel: [phone]
Henrik Persson
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]

Notes

Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development interests across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands.  Its 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 would be offshore.

 

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