Ascent Resources plc has appointed Andrew Dennan as Chief Executive Officer with immediate effect. Mr. Dennan will join the Board following completion of the prerequisite regulatory checks. Andrew has a wealth of corporate finance, merger, asset funding and corporate transaction experience on AIM.

He was formerly the Chief Financial Officer of Coro Energy Plc where he retains the position of Non Executive Director and he is also a Non Executive Director of Nu-Oil and Gas Plc. The Company confirms that Leonardo Salvadori has also now been appointed an independent non-executive director of the Company with immediate effect. The Company also announces that John Buggenhagen is leaving the Company and will step down from the Board with immediate effect as a result of the restrictions that could be placed on him as a US citizen from the Company's new strategy.

John will continue to consult to the Company, however exclusively for its European growth projects.