Spain Drilling Update

Ascent Resources PLC
30 April 2007


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


30th April 2007


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

       Results of Drilling Operations on Huermeces Licence Onshore Spain


Ascent Resources plc, the AIM-traded oil and gas exploration and production
company, in conjunction with its 50% partner Tethys Oil AB, has completed the
drilling of the Hontomin-4 well in Spain.  Following the analysis of the log
data, the well is now to be plugged and abandoned, with the drilling rig then
returning to Italy to continue the evaluation of the Anagni-1 oil discovery
announced in January.


Ascent Resources CEO, Jeremy Eng, said, 'Whilst the Hontomin-4 well could have
provided us with profitable incremental production because of its proximity to
the Ascent operated Ayoluengo oilfield, the relatively small reserves targeted
by the well minimises the impact on the value of the Company's portfolio.
Elsewhere, our drilling campaign progresses; in Hungary drilling has restarted
on the first of two Nyirseg wells and in Italy, the Arrone-1 exploration well is
planned to be drilled immediately after the rig has completed its work on the
Anagni-1 re-entry'.


The Hontomin-4 well was drilled to a depth of 1,610 metres and although the
target Lower Jurassic clastics and the Triassic Carniolas carbonates were
present, they did not contain oil.  The well was drilled into the underlying
Triassic Keuper evaporites.  Preliminary analysis suggests that the complexity
of the faulting in the formations above the target has resulted in the lack of
an adequate seal for the reservoir.  The well, equally funded by Ascent and
Tethys, is expected to be on budget despite delays caused by extreme weather
conditions with heavy snow on the location at the end of March and the failure
of drilling contractor equipment, particularly the mud pumps.


The Ayoluengo oil field is producing at an average rate of over 110 barrels per
day and production enhancement programmes on the field continue. In the nearby
Basconcillos-H exploration permit, again in conjunction with Tethys, the planned
re-entry of the Tozo 1 well, to test some 30 m of good hydrocarbon shows in the
Cretaceous Purbeckian sands, has been postponed for operational reasons.


The information contained in this release has been reviewed and approved by Dr
Eloi Dolivo, Ascent's Exploration Manager.  Dr Dolivo (member of the AAPG) has
26 years experience in the evaluation of hydrocarbon resources.


                                  * * 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]


Notes:

Ascent Resources has a portfolio of over 20 gas and oil projects across six
countries in Europe. The projects are onshore in Italy, Switzerland, Hungary,
Spain, Slovenia and offshore Netherlands.  Ascent is at present drilling a
programme of exploration wells across its portfolio.  The Company operates
Spain's only onshore oilfield where production currently averages over 110
barrels of oil per day. With the stable European gas market, Ascent's portfolio
favours gas over oil. With the exception of the Netherlands, 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