Issue of Equity

RNS Number : 6193I

Ascent Resources PLC

16 March 2010

 



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

16 March 2010

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

Issue of Equity

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that following the passing of the resolution at the Extraordinary General Meeting on 12 March it has issued 15,529,981 ordinary shares of 0.1 pence each in Ascent ('Ordinary Shares') to Director Malcolm Groom.  Following admission, Mr Groom will be interested in 17,527,686 shares of Ascent representing 3.40% of the total issued shares.

Application has been made for these shares to be admitted to trading on AIM on 19 March 2010.  Following the issue of the new shares, the Company's issued share capital will consist of 515,662,023 Ordinary Shares with voting rights.

* * ENDS * *

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

Jeremy Eng	Ascent  Resources plc	Tel: [phone]
Simon Cunningham	Ascent  Resources plc	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Paul Youens	St Brides Media & Finance Ltd	Tel: [phone]
Lindsay Mair	Astaire Securities	Tel: [phone]
Jerry Keen	Astaire Securities (Corporate Broking)	Tel: [phone]
Toby Gibbs	Astaire Securities	Tel: [phone]
Daniel Fox-Davies	Fox-Davies Capital Ltd	Tel: [phone]
James Hehn	Fox-Davies Capital Ltd	Tel: [phone]

Notes

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

 

END

 

 

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