We reiterate our Buy rating on Ascent following the announcement that the company has successfully raised £4.5m and increase our target price to 3.5p from 3.3p. This should provide Ascent with sufficient funds to complete the programme of works required to bring the Petišovci field into production in early 2017, allowing Ascent to derisk the broader resource base ahead of a full field development in 2018. The key remaining risk for Ascent is now well productivity but visibility o ....