Monday July 6, 12:57 PM
BRIEF-CORRECTED-(OFFICIAL)-Ascent Resources in Hungarian deal
LONDON, July 6 (Reuters) - ASCENT RESOURCES (LSE: AST.L - news)
* AGREES TERMS WITH MOL RT FOR JOINT OPERATIONS IN AN 88 SQUARE
KM
AREA IN SOUTH WESTERN HUNGARY
* WILL ACQUIRE 3-D SEISMIC DATA OVER THIS AREA AND WILL FUND
THE DRILLING OF TWO WELLS
* WILL RECOVER MOL'S SHARE OF THE COST OF THESE WELLS FROM 80% OF
ANY RESULTANT PRODUCTION REVENUES
((London Equities Newsroom; +44 20 7542 7717))
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