Ascent Resources Share Discussion Threads

[nilsvs] 28/9/2017 11:35

CH on voxmarkets.co.uk podcast later

[chinese investor] 28/9/2017 11:29

Around £1 million annually to be shared between the four of them - three of them are part timers.
I don't think so !

BTW the costs should now decrease dramatically now PG-10, PG-11A, CPP and Connecting Gas Pipes are completed !

Clive must go !

[brando69] 28/9/2017 11:07

well, that's a question for CH, and one i think shareholders are entitled to have clarified.

[chinese investor] 28/9/2017 10:40

brando,
Does the wage bill included non directors ?

[brando69] 28/9/2017 10:36

results overall look v positive to me and set the scene for a year in which co should become profitable on an ongoing basis. the one question i want answered as a shareholder is why the wage bill for the six month period has almost doubled like-for-like. that needs justifying.

[chinese investor] 28/9/2017 10:04

lewis,
As it says !
We'll get the IPPC permit soon and then we'll be selling gas to Slovenia !

[chinese investor] 28/9/2017 10:03

So we are getting just over £600,000 annually from our local customer.
I was hoping that would cover our wages but they don't !
Wages have shot up to £449,000 in the six month period.
They were £277,000 in the previous period.

Clive must go !

[lewismg] 28/9/2017 10:00

what to make of these comments?
"The Company is now in a strong position to look to expand our operations into new territories and face the future with increased optimism."

[cliley454] 28/9/2017 09:02

Off topic, take a look at PRS.
I've posted some interesting research on the bb.

[chinese investor] 28/9/2017 08:36

It has been known all along the 12 month contract with INA was a test one.
The renewal contract will have much bigger revenues !

[chinese investor] 28/9/2017 08:23

2.3p Soon !

[chesty1] 28/9/2017 08:16

Going back up!!

[chinese investor] 28/9/2017 08:13

Once operational, the export pipeline could accommodate daily production of over 800,000 cubic metres per day (28MMscfd) !!

[ramas] 28/9/2017 08:12

Change of advisor , placing on the way .... simplz

[chinese investor] 28/9/2017 08:11

58,182 cubic metres => £7,000

That's 12p for a cubic metre !

[jakecat1] 28/9/2017 07:52

Solid progress today = breaking 2.6p, properly... imo

[lithological heterogeneities] 28/9/2017 07:52

And still no INA news.

[chinese investor] 28/9/2017 07:48

So we are getting around £600,000 annually from our local customer.

That's fairly meaningful !

[niceyman1] 28/9/2017 07:43

Market will sell this RNs! Where are the production figures? What didn't we already know? Buy the drop. I.m.o

[chinese investor] 28/9/2017 07:43

So the numbers in my header were very close !

[chinese investor] 28/9/2017 07:41

"The terms of the INA contract set an upper and lower limit on production calculated in megawatt hours (MwH).

For the first two months, these translate into a range of 58,182 to 77,577 cubic metres per day; which based on the average rates over the last twelve months would generate revenue to Ascent of between EUR220,000 and EUR290,000 per month.

In the subsequent ten months of the contract the range is 63,031 to 82,425 cubic metres per day; which based on the average rates over the last twelve months would generate revenue to Ascent of between EUR240,000 and EUR310,000 per month.

Production at these levels, and average rates remaining reasonably stable over the period, will make the Company profitable at an EBITDA level and generate positive operating cash flow."

[chesty1] 28/9/2017 07:38

Solid rns vertually debt free and the big rns to come!!

[jakecat1] 28/9/2017 07:38

You're both kidding me, right?

[lithological heterogeneities] 28/9/2017 07:34

We needed a change of CEO, not a change of advisor.