Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Resources LSE:AST London Ordinary Share GB00BZ16J374 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.60p 1.55p 1.65p 1.60p 1.575p 1.60p 22,115,925.00 16:22:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.6 -4.1 - 17.35

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Ascent Resources (AST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
20/01/2017 17:08:091.601,700,00027,200.00O
20/01/2017 16:48:041.621,000,00016,200.00O
20/01/2017 16:26:101.6078,7501,260.00O
20/01/2017 16:25:571.60152,4382,439.01O
20/01/2017 16:23:271.5932,581516.41O
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Ascent Resources (AST) Top Chat Posts

DateSubject
20/1/2017
08:20
Ascent Resources Daily Update: Ascent Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AST. The last closing price for Ascent Resources was 1.60p.
Ascent Resources has a 4 week average price of 1.65p and a 12 week average price of 1.38p.
The 1 year high share price is 8.53p while the 1 year low share price is currently 0.51p.
There are currently 1,084,074,224 shares in issue and the average daily traded volume is 18,587,043 shares. The market capitalisation of Ascent Resources is £17,345,187.58.
18/1/2017
22:10
temmujin: ASCENT RESOURCES. POTENTIAL 2017 MEGA RISE! WATCHLIST NOW! BY BROKERMANDANIEL · 5 JANUARY, 2017 It’s a long convoluted process trying to get credible information on target companies such as Ascent Resources (LON: AST). The process involves a myriad of avenues one has to go down, some lead you into a ‘cul-de-sac217; while others leave you tantalisingly close but just not quite there to firm up the whispers. Then you’ve always got to cross-reference and double, ‘double’ check that you’re not being spoon-fed company ramps. Which is why you don’t get industrial scale blogs from ‘yours truly’. Anyone releasing industrial scale diatribes on a daily basis should be treated cautiously. More often than not there’s some form of clandestine ‘Brown Envelope’ involved between the parties. News on Ascent has been filtering through to me via various contacts/sources for the last 3 months or so. News that if it comes to fruition would be transformational for the Company. Most investors/traders are eagerly awaiting their Slovenia gas asset coming onto production, agreements necessary to allow commercial gas production to commence as early as January 2017 are now in place. Once production starts then this is seen by most as a driver of their sp, but what most do not know is that Ascent were or are being lined up as a target by a well known group of proven oil & gas Big Hitters with massive institutional and retail backing for what in effect could be transformational for the Company and its share-price. That is why I am invested in Ascent. There are various names associated with this play, I’ve spoken to many sources some who I know are involved all are very edgy as to how I came to get knowledge of such a deal that was/is supposed to be kept ‘Tight’. Out of deference to those thought to be rumoured to be associated and involved in what I call the ‘Putsch’ I will not at this stage name them as I believe that the deal, if my sources are correct, hangs in the balance and has a 50/50 chance of realisation. The sticking point could be the amount of convertible loan notes that are currently outstanding. What’s interesting is that sources are telling me that the Slovenia assets were looked at prior to Ascent getting them, by the CEO of a now highly successful mid cap oil & gas producer who at the time 2008/9 wasn’t in a position to acquire them. They believe now that there could be multiple TCF potential deeper down within the Petisovci reservoirs, which is why the failed Cadogan Petroleum (LON: CAD) takeover approach came to be, that approach eventually blew up due to the AST share price rocketing to over 7p. There’s lots of speculation on the share price potential out there. One broker (who must be a part time glue sniffer) has a 33p target for this year. Cutting through such utter nonsense I’d look at 5/6p being achievable on gas production and 10p if the ‘Putsch’ is successful. Remember as ever it’s your money and your responsibility. Derisk on the way up. Because it is going up in 2017. Viva
12/1/2017
15:14
lithological heterogeneities: A repeat of a good post from "only1neuron"on lse bb yesterday (for those new to AST): only1neuron 11 Jan 17 Explorer to Producer 11 weeks time Where else on AIM can you invest your money in an Oil/Gas play where: 1. Drilling activities have been completed (42m Euros spent) 2. 456 BCF (or more) of gas in the ground 3. Waiting on flow test results from main well PG-10 which are due between now and 14 days time. 4. Based in a stable European country 5. Gas sales agreement to sell to INA, the largest Croatian oil and Gas co 6. Pipelines in place and certified already 7. Some remedial work to existing Gas Separation Plant and connection to pipelines is all that is required (short lead time) 8. On course for pre Q1 2017 gas sales. 9. Excellent CEO who keeps his promises and tells it how it is rather than lame fabrications to prop up share price. 10. CEO is a Chartered Accountant (65% of FTSE 100 CEOs are Chartered Accountants). He is also legally qualified and has an MBA. 11. IPCC permit to build own processing plant in Slovenia could land anytime (in my view would double or triple share price as we stand). Environmental angle will not need to be looked at this time which means we will get the permit much sooner. 12. Talk of several interested parties....potential bid post or pre 1st gas?? IMHO :)
11/1/2017
19:56
lithological heterogeneities: FT HTtps://markets.ft.com/data/equities/tearsheet/forecasts?s=AST:LSE AST Share price forecast "The one analyst offering a 12 month price target expects Ascent Resources Plc share price to rise to 33.00 in the next year from the last price of 1.60." Although we private investors,and Brokermandan above, have previously dismissed the 33p broker target as absurd, could it be possible he was aware of the "multiple TCF potential deeper down within the Petisovci reservoirs" ? Interesting times ahead for AST.
11/1/2017
10:23
lithological heterogeneities: Good post on lse bb today:only1neuronToday 09:45Explorer to Producer 11 weeks timeGenuine question ladies and gentlemen.Where else on AIM can you invest your money in an Oil/Gas play where:1. Drilling activities have been completed (42m Euros spent)2. 456 BCF (or more) of gas in the ground3. Waiting on flow test results from main well PG-10 which are due between now and 14 days time.4. Based in a stable European country5. Gas sales agreement to sell to INA, the largest Croatian oil and Gas co6. Pipelines in place and certified already 7. Some remedial work to existing Gas Separation Plant and connection to pipelines is all that is required (short lead time)8. On course for pre Q1 2017 gas sales.9. Excellent CEO who keeps his promises and tells it how it is rather than lame fabrications to prop up share price.10. CEO is a Chartered Accountant (65% of FTSE 100 CEOs are Chartered Accountants). He is also legally qualified and has an MBA.11. IPCC permit to build own processing plant in Slovenia could land anytime (in my view would double or triple share price as we stand). Environmental angle will not need to be looked at this time which means we will get the permit much sooner.12. Talk of several interested parties....potential bid post or pre 1st gas??IMHO :)
28/12/2016
10:04
lithological heterogeneities: 24 Dec 2016F.T.Https://markets.ft.com/data/equities/tearsheet/forecasts?s=AST:LSE"The one analyst offering a 12 month price target expects Ascent Resources Plc share price to rise to 33.00 in the next year from the last price of 1.50."
20/9/2016
11:44
darias: It is inconceivable that the company will be allowed to go under when it is so close to gas production but I accept that there are risks. I have sold up in the past when the share price collapsed on the basis that why was the company still trading. However, some years later, we are so close to profit I reckon that it is worth contributing to a rights issue if that becomes necessary. There is less risk in this company than, say, SXX who are many years from production with a greater capital outlay required. Yet look at the share price of that company. The directors have successfully fought of an enquiry from Cadogan who surely realised the value of the assets and can, I would have thought, raise funds to get them to production. Their view, (NB. "These funds are sufficient to fund current trading obligations of the Company until Q1 2017." and they intend to be in production in Q1 also note "continuing support of new and longer term shareholders"). " The financial statements of the Group are prepared on a going concern basis. During June 2016 the Company raised GBP1 million (GBP977,500 net of costs) in two separate equity placings. These funds are sufficient to fund current trading obligations of the Company until Q1 2017. On 1 August 2016 the Company announced that it had signed a gas sales agreement with INA, Croatia's leading Oil & Gas Company, to sell joint venture gas production at the Croatian border. Additional funds will be required to complete the capital programme required in order to make existing wells and facilities ready for production however there is currently no committed expenditure in relation to this programme. Additionally, the Company has GBP8.2million of convertible loan notes currently due for redemption on 19 November 2016. While the share price is currently significantly above the conversion price there can be no guarantee that all of the notes will have converted by the redemption date. As such the Company will require further funding to finance the capital programme in Slovenia and repay the loan notes as they fall due. The Directors have a range of different options including, but not limited to, new borrowings or new equity placings. However, there can be no guarantee over the outcome of these options and as a consequence there is a material uncertainty of the Group's ability to raise the necessary finance, which may cast doubt on the Group's ability to operate as a going concern. Further, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors, however, remain confident of the Group's ability to operate as a going concern given the signing of agreements which give the Company a clear route through to first gas and in light of the significant recent support from new and longer term shareholders. "
26/5/2016
11:55
stonefold: CAD has never (publically) made an offer for AST. The RNS of 24 March 2016 stated: "...The Board of Ascent notes the recent rise in the Company's share price and announces that it has received a preliminary approach from Cadogan Petroleum. ..." Total AST shares then in issue 157,306,900 Total CLN's then outstanding £12,055,671.70 of convertible loan notes due in November 2016 which includes interest accrued. The various 'CAD Bid figures rumours' posted on message boards are made up guesses by posters. Which is fair enough. So if CAD was happy to offer 'using made up guess' of 4p a share back in 24-03-2016 That would mean that they valued the company at 4p x 157,306,900.00 = £6,292,276.00 (ignore any other debt) plus CLN's £12,055,671.70 Which is approx. total value for AST of £18,347,947.70 AST have not made any progress since then: They have fallen behind in their attempts to gain an IPPC They have not had any response from the Methanol plant owners. There has been no announcements of progress on the cross border plan. There has been no news of other potential partners or anyone interested in bidding for AST. But being kind, lets assume that CAD still valued AST at £18,347,947.70 Subtract the current debt (ignore any other debt) of CLN's £10,364,784 That leaves £7,983,163.70 to divide amongst the total shares now in issue of 348,171,442 which would give an offer to shareholders of 2.29p per share. But as CAD did not make an offer in March of 4p I doubt that they are likely to make an offer of 2.29p now (and certainly not 4p now) Plus why would CAD bother offering 2.29p now when they can buy in the market at 0.75p and lower as the shareprice is in a downtrend.
31/3/2016
20:46
luckyvince: So Cad put out their interest in AST when the share price was 1.95p and now they are with drawing at 6p. because the share price is now too high!! what did they think would happen? No one would take any notice!!! Something not quite right about that. It seems to me they want to pull the carpet out on the offer to send the price crashing and then come back with another Interested RNS, knowing the share price reaction wont be quite as strong 2nd time around. Just my opinion.
30/3/2016
16:28
melpan: I don't normally post on these boards unless I feel there is something constructive to say but at the same time I do find some of the posters on here are very diligent and informative so would like to give something back. For full disclosure I have been a 5yr+ holder of the shares and have sold out at a huge loss (90%) today ( > £20k, bought 4p+ pre consolidation ie 80p equiv in today's terms). Some people on here have already mentioned it, but many are severely underestimating the dilutive effect of the CLN's. Henderson have stated that they would not like to convert but as far as I am aware this is not a statement they have legally signed upto. Circumstances can and do change and in loan agreements there are usually "Change of Control / Substantial change of business etc" clauses which effectively means all bets are off and any oral stipulations that they have made previously they would argue would certainly not hold. A takeover/merger would be such a change to trigger such clauses. I work in Finance in this environment and see documentation like this as standard amongst everyone in the city. Hence I think that this risk should not be brushed aside, it's not 100% but certainly not 0%. Furthermore, there is the greed element, a conversion of the CLNs at the current share price would yield a multiple return on their original loan investment (effectively made at 1p) so you can be sure that they are feverishly working behind the scenes to at least try and monetise part of this (there's no way the share price would hold steady if they tried to convert it all). Which also leads to the final point, they are probably forward selling their CLN exposure in order to hedge themselves and lock in some profit. A look at the huge trading volumes (compared to only 150m+ shares in issue) over past few days will show that its more than just buyers and sellers and intraday traders contributing to this volume, there is big seller in the background. And Henderson's own subsidiary Darwin who many of you will know, are extremely proficient in lending and then forward short selling in order to cover their exposure - the effect of their carnage is littered around the graveyard of AIM companies past and present. There are 157,306,900 ordinary shares in issue plus 1,205,567,170 CLN shares potentially that could be converted ie a total 1,362,874,070 on a fully diluted basis. At the closing price of 7.05p this gives a current market cap of £96m and not £11m as many people are quoting. I am not saying buy or sell but make your decision on the right information - mainly do you think this company is worth more or less than £100m ? Hope this helps a few people especially those caught up in the hype and more importantly the longer term investors like myself. Good luck to all.
06/10/2015
16:51
kulvinder: Harrissen, this news does not seem to have had a effect on the AST share price?
Ascent Resources share price data is direct from the London Stock Exchange
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