Ascent Resources Plc is a United Kingdom-based company. The Company is engaged in gas and oil, exploration and production. The Company operates in its own undertakings, and through subsidiary companies, and through joint ventures. The wholly owned subsidiaries of the Company are Nemmoco Slovenia Corporation, which is engaged in oil and gas exploration; Borona Holdings Limited, which is engaged in oil and gas exploration; Ascent Production Limited, which is a holding company; Teredo Oils Limited, which is engaged in oil and gas exploration and production; Ascent Gabon Limited, which is engaged in oil and gas exploration; Ascent Resources Italia srl, which is engaged in oil and gas exploration, and Ascent Netherlands BV, which is engaged in oil and gas exploration and PEOS AG, which is engaged in oil and gas exploration. On July 15, 2008, the Company completed the disposal of 7.27% of its interest in PetroHungaria kft and 14.54% of ZalaGasCo kft.