Ascent Resources soared high in London trading right after they have found out a natural gas at Petisovci field located in Slovenia. They rose up to 3.3% from 7.88% which earlier has advanced to 26% which is considered their largest gain since 13^th of October. EnQuest Plc sold of its 49% stake in the Petisovci Project in Slovenia to Ascent Resources last December 2010. EnQuest got 22.5% equity stake in Ascent which is in trade for the interest.

Ascent Resources, an oil and gas exploration company have began drilling of the Pg-11 evaluation well within the Petisovci field located in Slovenia. The said field is part of the Petisovci-Lovaszi project in Slovenia and Hungary and the Pg-11 well will be the very first to be drilled by the company within this project.

Just recently, the oil and gas exploration company verified regarding P50 estimate of gas-in-place of 412bcf for the project area. The primary objective on Pg-11 well is to gather data to help in the optimization of the re-development of the gas field. The evaluation program with consist of core sampling, extensive wireline logging and testing.

75% interest of the Petisovci project is handled by Ascent Resources while the remaining interest belongs to Geoenergo, their Slovenian partner.

Ascent Resources the AIM traded oil as well as gas pursuit plus manufacturing company, have just lately accomplished a 3-D seismic study with the Petišovci venture in Slovenia. The initial outcomes reveal approximately extra reserve of 75 billion cubic feet (bcf) of recoverable gas.

The Slovenian project is currently projected to comprise 375bcf, as well as by its completely possessed subsidiary Nemmoco Slovenia Corporation (NSC) Ascent intends to drill a considerable number of wells within the subsequent 2 years. Soon after the research about 12 brand new drill spots happen to be mapped out, nevertheless this may be very likely to modify as the project advances with the most potential set ups aimed in the very first situation. Ascent use a ranging level of contact with the Slovenian prospect that sums to a 45% interest in the shallow oil as well as gas reservoirs plus a 15.75% interest in the deeper tight gas reservoirs. Most of the innovative prospects declared just lately are included inside the expanded venture area for which Ascent via NSC has a 75% interest. A current Slovenia Oil and also Gas review predicted that the area used nearly 589.2bn cubic metres (bcm) in 2009, with requirement of 677.2bcm focused on 2014, as well as the export industry.