Ascent to Spud PEN-105 Well in Hungary Soon

Ascent's Assets in Hungary
(Click to Enlarge)

Ascent Resources advised that mobilization of the rig that will drill the PEN-105 well in the Penészlek area of the Nyírség permits in Hungary has commenced. It is expected that drilling will begin over the next week and that it will take approximately three weeks to evaluate the primary target, a gas prospect that is estimated to be at a depth of 1,500m.

Ascent holds a 45.23% interest in the Penészlek Project through its equity interest in PetroHungaria kft. Other partners are DualEx (37.5%), Geomega (8%), Leni Gas & Oil (7.27%) and Swede Resources (2%).



Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours