Is Optimo capital related to Align Research?
Is that the same Dr.Green?
Has Richard Jenkins got a stake?
Do Ascent pay for this research?
Are their any mug punters who don't understand what is going on?
Be careful. |
New Research note out https://www.optimocapital.co.uk/s/Ascent-Resources-Initiation-Note-Jan-2025-mf5e.pdf |
Worth a read. Then look into #AST These guys of course just made an Investment in US Onshore Gas plus Oil & Helium with New Strategic Fundinghttps://m.uk.investing.com/news/commodities-news/us-gas-supercycle-is-coming-bernstein-3878352?ampMode=1 |
 Ascent Resources Ascent Resources (AIM:AST), a natural resources company with a long-time focus in eastern Europe, opened up new opportunities this year while continuing to pursue legal settlements both with the Republic of Slovenia and an estranged joint venture partner.The company announced its maiden investment away from Slovenia in April, exposing shareholders to new growth in US onshore gas and helium processing through an initial investment into an operational and cash generative midstream business in the helium rich Paradox Basin.The Lisbon Plant, held by GNG Partners, in which AST now has a $1m stake worth 10pc of the company, has helium purification and liquidation facilities fed by more than 500 miles of gas gathering pipeline spanning the Paradox Basin and flowing through the Four Corners region of America. Lisbon is the sole operating independent natural gas processing plant in the Basin, with access to helium rich gas sources of up to 7-8pc helium. The 60 MMcfd plant has a 1.1 MMscfpd processing capacity for helium, a 45 MMcfd cryogenic plant and 10,000 bpd fractionation train. The partners believe the plant can produce approximately 3.4pc of US liquid helium (1.7pc of the world's liquid helium).The plant has a liquification unit which has been in care and maintenance since around 2013 (when the liquified helium price was only $62.25/Mcf as compared to today's $750-1,250/Mcf range). The partners plan to quickly recommission the unit to rapidly move back into premium markets of producing and sell liquified helium, and invest in iso-containers giving the business even greater price command.Earlier this month AST widened its footprint in the US by acquiring a 49pc interest in American Helium LLC's Utah and Colorado upstream acreage, prospective for 18.2 Bcf of natural gas (with up to 1pc helium), 2.79 MMbbls of oil and condensates and 2.34 MMboe of natural gas liquids of independently certified Proved Recoverable Reserves (1P). The Reserves have an estimated NPV10 of more than $80m.AST is alert to further opportunities strategic collaboration agreement with Delta Energy, a private oil and gas company with access to multiple hydrocarbon opportunities.In the meantime the company continues to vigorously pursue its legal cases, most notably with the Slovenian state. Prospective investors should carefully review the history of the case, but, in brief: AST has a legacy 75pc interest in the Petiovci gas project in north-eastern Slovenia, a joint venture with Slovenian partner Geoenergo, which holds the remaining 25pc. AST has invested 50m in the project since 2007, and has funded the project's development in return for 90pc of the revenues until all costs are recovered. A test result of 8.8 MMscf has been recorded, and an independent volumetric assessment of the field estimated P50 contingent gas resources of 456 Bcf. The project has been partially implemented, with gas exported to Croatia from two wells, Pg-10 and Pg-11A. A second phase envisaged levering production from the field's tight rock reservoir by means of hydraulic re-stimulation, opening the way for the re-entering and deepening of existing wells, and the construction of a processing plant through which gas would be injected into the Slovenian national gas network.But those plans were shipwrecked when the Slovenian government amended the Republic's mining law, imposing a sweeping ban on fracking. AST argues the decision was 'politically motivated'. The field's capacity to produce 'was very significantly reduced', effectively depriving the company of its right to produce gas in Slovenia and 'destroying' the value of its investments in the country's energy sector.AST has served the Republic with a notice of dispute of breaches under the UK-Slovenia bilateral investment treaty and the Energy Charter Treaty, an international agreement establishing a framework for cross-border cooperation in the energy industry. The arbitration proceedings include a monetary damages claim of more than 500m, although it is important to note as AST itself acknowledges that if the claim is successful 'any amount actually received by the Company may be significantly lower'. AST has opened up the potential gain to shareholders, establishing a special purpose vehicle to distribute an entitlement to 'the economic interest in 49pc of any net proceeds'.A second dispute continues to grind on: an arbitration claim against venture partner Geoenergo in relation to differing interpretations of Petiovci's baseline production profile, and the number of wells from which AST is entitled to receive revenues. AST is claiming 90pc of the proceeds received by Geoenergo from production in excess of the baseline production profile for all wells in the concession area. Geoenergo filed for insolvency before the claim could be settled. AST's petition against the insolvency claims a settlement of 11m.AST raised $1m earlier this year to fund its ongoing work. The company's share price is currently 2p and its market cap £5.52m. |
10 Oil and Gas Companies to follow in 2025 suggest @TMSreachhttps://total-market-solutions.com/2024/12/10-oil-and-gas-companies-to-follow-in-2025/ |
New AST presentation. Lots to like...https://wp-ascentresources-2021.s3.eu-west-2.amazonaws.com/media/2024/12/Corporate-Presentation-Dec-24.pdf |
I wonder if we will see ascent run up again tomorrow. Plenty of posts on X about them so interest might be gained |
U are correct Chinese Investor.Further 41% distbn to come, leaving 10% within the Co post the Record date |
"Intention to distribute an ent'tlement to qualifying stakeholders with ring-fenced access to a 41% economic interest ent'tlement in the net proceeds to be received by Ascent in the event of positive outcome and payment of award relating to the Company's significant Energy Charter Treaty damages claim;"
My understanding of this is we are going to have an additional distribution and shareholders who hold shares on a specific future date will be the only ones who will qualify.
(i.e. same rules as the first distribution)
We'll just have to wait and see. |
Razorblade: I am not n expert. I was just pointing out to Anneagarg what has been said. And that she was looking at the wrong amounts.
I hope someone with a greater knowledge can answer your questions. The ring fence is true.
The announcement did not say if the 41 percent is in addition to the 49percent or 41percent of the 51 percent that was held back.
But am not holding my breath or putting more money in.
It is a high risk gamble betting on a court decision and then the appeals. |
controlled madness - would that be similar to first ring fence of claim. All you do it buy shares and then hold until the date is given to secure 41% ring fence of claim right? |
Are we going to get anything from our win over our joint venture partner ? |
anneagarg: I think you are mixing up different claims .
The European court claim is in excess of 500 million and we are waiting for judgement.
In 2023 they talked of giving back 49% and now they are adding another 41 percent.
This claim is against the Slovenian government.
The amounts you are talking about are from the insolvent partner. There is no talk of returning this money. |
With a total claim of euro 7780501, approved 2699123, 41% for distribution 1099703. Total shares 238122961, so it will be 0.462 pence for distribution? Is that right ? |
Never trust anonymous posters on BBs. Partic ones impugning others. THEY are scum. |
Never trust align they are scum |
When align are trying to ramp usually means they have a position to dump |
Those invested at 5p will be looking for at least 10p |
Wow - market just beginning to digest this part too 500k raised at 5p. The Company is finally also pleased to announce it has raised new proceeds of US$475,949 through the issue of 7,520,000 ordinary shares at a price of 5 pence per new share, representing a 203% premium to the closing mid price of 1.65 pence as reported on the day before announcement, with warrants attached as further detailed below alongside a broker option to enable other investors to participate on the same terms. |
Couple of bags in this one then |
200% premium deal, American Helium, former us secretary of state and head of CIA mike pompeo name in the announcementhttps://www.londonstockexchange.com/news-article/AST/investment-in-us-gas-oil-and-helium-portfolio/16821216 |
Have the gas wells become history ? |
Nice RNS this morning, great to see courts siding with us. Be great to get that money |
Half a billion !! I'd be happy with £25 million,then I could exit this nonsense with a loss of half my investment, and never invest in an Aim 'lifestyle' company again. If it ever happens,which is very unlikely, I'll be an old man! |
Can someone remind me what the value of AST's claim is. If in excess of £4.2M wouldn't it be worth the Slovenian Govt buying up AST and shutting down the litigation? |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
