Ascent Resources agrees drawdown financing facility
12th Feb 2013 09:06
Acent Resources, an AIM-listed European oil and gas exploration and production company, has formally entered into a 10m pound equity financing facility with Darwin Strategic, a majority owned subsidiary of Henderson Global Investors' Volantis Capital. Scott Richardson Brown, Finance Director said:
Read moreAscent Resources granted loan to repay debts
24th Dec 2012 09:57
Ascent Resources has been granted another loan to repay debts and finance projects in the New Year. The European-focused oil and gas exploration company has entered into an agreement with Henderson Global Investors and Henderson Alternative Investment Advisor for the subscription of convertible loa
Read moreAscent Resources plunges after update
3rd Dec 2012 08:44
Shares of European oil and gas firm Ascent Resources went into freefall on Monday after its new Chief Executive Len Reece outlined his plans to stop the group's underperformance and confirmed it is not in talks with regards to the sale of the group. Ascent said near term objectives include completi
Read moreSector movers: BG sinks oil and gas stocks
31st Oct 2012 16:18
A sharp plunge for BG Group meant that the oil and gas producing sector was at the bottom of the pile on Wednesday afternoon. BG Group shocked the market this morning by cutting back production guidance as a result of a number of delays to project start-ups. It now expects full-year production wi
Read moreSector movers: BP boosts gains for oil and gas producers
30th Oct 2012 15:11
Oil and gas producers were making gains on Tuesday afternoon despite declining oil prices, as BP lifted sentiment in the sector with forecast-beating third-quarter results and a hiked quarterly dividend. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net
Read moreResources round-up: Anglesey Mining, Chariot, Empyrean...
27th Jul 2012 14:36
Empyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w
Read moreAscent pleases with well update
10th Jul 2012 08:06
European oil and gas company Ascent Resources has been lifted by better-than-expected results at the PEN-105A gas well in the Penészlek field of north-eastern Hungary. The firm recently completed operations to add additional perforations to the well, which is a sidetrack of the PEN-105 well and was
Read moreResources round-up: Thor, Patagonia Gold, Amerisur ...
30th May 2012 12:37
Oil and gas producer Amerisur Resources has logged, cased and cemented the Platanillo-3 well in Colombia, the first of a six-well drill programme. Testing equipment has been mobilised and will shortly begin production tests. The reservoir sections encountered in the well are currently being studied
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreAscent soars on successful well test in Slovenia
25th Nov 2011 08:54
Ascent Resources, the Europe-focused gas company, saw its share price rise by almost a third in early trading on Friday following the announcement of a successful test on a well at its Peti?ovci site in Slovenia. Ascent, which has a 75% stake in the project, used hydraulic fracturing for the test a
Read moreAscent licence extended
13th Sep 2011 16:12
Oil and gas exploration firm Ascent Resources has received confirmation of the extension of its M10/M11 block licenses have been extended to June 30 2013. The project is located in the southern North Sea, off the coast of the Netherlands. There are three structures in the licence area, all of wh
Read moreShareholders happy as Ascent pares losses
7th Sep 2011 12:38
Shares in AIM listed oil and gas firm, Ascent Resources, rose almost 7% today after it cut losses and said a successful drilling campaign in Slovenia would allow it to exploit a "game changing asset". The exploration firm pared its pre-tax losses from £3.4m in the first six months of 2010 to £2.2m
Read moreAscent spuds well in Slovenia
23rd Jun 2011 14:13
AIM-listed onshore oil and gas group Ascent Resources has commenced drilling at the second redevelopment well of its Peti?ovci Project in Slovenia, which could increase gas estimates significantly. Shares were trading 3.82% higher at 3.40p as of 14:28 on Thursday afternoon. The Pg-10 well's object
Read moreAscent sees possible significant upside in gas volumes
13th Jun 2011 16:03
Ascent Resources, the oil and gas exploration and production company, has completed the drilling of the Pg-11A well in the Peti?ovci Project, in Slovenia. Initial results are being described by management as encouraging. The presence of good quality gas has been confirmed, as well as the discovery
Read moreF&C chairman continues buying
18th Mar 2011 16:54
F&C Asset Management chairman Edward Bramson's interests have been consistently buying shares in the past week, while F&C chief executive Alain Grisay has made a significant disposal. Bramson was appointed chairman of F&C last month after a shareholder coup but his investment vehicle SIGA LP had
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