In a medium skillet heat oil over medium heat. Add asparagus spears and sauté until tender, 5-8 minutes. Remove spears from skillet to serving plate. Set aside.
How to Make EGGS IN A FRAME
Place bread on a clean, flat surface and using a 2-3 inch diameter biscuit cutter or rim of a drinking glass, very firmly press into bread and twist to cut through bread. Discard round bread piece. Melt butter in a small nonstick skillet over medium heat. Crack egg and gently slip egg into hole in the bread. Cook until egg yolk and white is set, about 3-5 minutes. Carefully flip bread over, cook an additional 1-2 minutes or until egg is set and done to your liking. Place egg in a frame on top of asparagus spears, sprinkle with chives.