News & Comment
Europe-focused Ascent Resources has started producing gas from its PEN-104 well in Hungary.
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Energy hopeful Ascent Resources has suspended one Hungarian well, but hopes to prove Swiss gas resources worth £1 billion.
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A gas flow from Hungary's Peneszlek field has encouraged AIM-quoted Ascent Resources to probe other targets in the country.
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Stockholm-quoted Tethys Oil, with interests in Denmark, Morocco, Turkey, France and Spain, is considering an AIM float soon.
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Europe-focused Ascent Resources plans to drill up to six wells, after losing an initial £402,450 for the year to June.
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Ambitious oil and gas seeker Ascent Resources has signed a Memorandum Of Understanding with Hungarian resources company MOL to develop 'unexploited assets' in the country.
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Oil and gas hopeful Ascent Resources, chaired by Australian entrepreneur David Steinepreis, plans to raise £2.7 million to develop prospects in West Africa and Europe.
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Recommendations
Oil and gas hopeful Ascent Resources expects at least one out of eight recently acquired prospects in Italy's Po Valley to hold between 150 and 200 billion cubic feet of gas, says managing director Jeremy Eng.
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Ascot
NO RECOMMENDATION 14/09/2000
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