News

September 08, 2009

Ascent Resources Secures Shale Partner For Switzerland As Drilling Momentum Builds In Hungary And Italy

AIM-listed Ascent Resources plc has a bunch of projects sweeping through the central European mainland, from Hungary right up to the Dutch North Sea, its only offshore foray. In the heart of Europe it is also plying its trade in Slovenia, Italy and Switzerland.

These kind of assets, principally onshore, and within touching distance of large, high-value European markets, provide something of a natural appeal to the company. Though it admits that thus far it has been more focused on reserve growth rather than production growth.

News last week that it had secured a partner for shale gas exploration and appraisal work in Switzerland’s Canton of Vaud continues a strategy that has seen it pair up with others to exploit this geographic...