Project Profile

Value: US$100 Million
Location: Hugarian-Slovenian Border, Hungary
Reserves: 412 billion ft³
Production:  8.8mmcf/pd (2017)
Start up year: 2012

According to an independent report by RPS Energy the block has estimated 412 billion ft³ of P50 gas in place at its tight gas Petisovci-Lovaszi project area, which straddles the Hugarian-Slovenian border. Ascent holds a 75% operated stake in the Petisovci project, with Geoenergo holding the remaining 25% interest.


Operator:

Ascent Resources: Operator with 75% interest

Geoenergo (Petrol): 25% interest


Contractors:

CROSCO, Integrated Drilling & Well Services Co., Ltd.: Drilling Contract

Halliburton: Fracturing and ancillary services

RPS Group: Report on potential gas reserves