Ascent Resources has commenced the drilling at Görbeháza-1 well, located in the western part of the Nyírség Szatmár permits in Hungary, known as the Panhandle. The drilling, expected to take about ten days, will evaluate a primary gas target estimated to be at a depth of 1,200 meters.

The Görbeháza-1 well (GH-1) is located a few kilometers south of the Hajdúnánás-1 gas discovery drilled by Hungarian Horizon Energy ('HHE') and JKX Oil and Gas plc and is some 70 kilometers northwest of PetroHungaria's PEN-104 gas production well in which Ascent has a 45.23% interest. Ascent has a 20.167% interest in the Panhandle exploration project, having acquired an additional 2.666% from Geomega Kft. The other partners in the project include HHE (33.333% and operator), JKX (33.333%), DualEx Energy International Inc. (12.5%) and Swede Resources AB (0.667%).

Tags: Ascent Resources plc