Ascent Resources Share Discussion Threads

[temmujin] 08/1/2018 09:54

wouldnt surprise me if a MM gets seriously battered soon

[chinese investor] 08/1/2018 09:52

We need a statement on what they intend to do next !

[trulyscrumptious] 08/1/2018 09:51

Yes, but when?

[chinese investor] 08/1/2018 09:09

Another Well ?

[trulyscrumptious] 08/1/2018 09:05

What's next then?

[tmmalik] 08/1/2018 08:40

Shorters closing their positions so wait few hours to lift price

[chesty1] 08/1/2018 08:35

Market dumping into any rise

[chinese investor] 08/1/2018 08:22

Surely the operational costs are minimal.

Admin costs also !

[lithological heterogeneities] 08/1/2018 08:12

3.9p to 1.45p..."and now we know we have a brilliant company'.

[chinese investor] 08/1/2018 08:10

Good Start !
Now lets get the IPPC !

[ernestsyngen] 08/1/2018 07:53

Wowsers - we have Revenue coming in big time!

Well done all who held through the turbulent times - we now have a brilliant Company!

Here is to a great weekend

[chinese investor] 08/1/2018 07:48

303,181 euros divided by 1,716,172 cubic metres is 0.18 euros per cubic metre !

That is almost Central European Day Ahead Rate !

[chinese investor] 08/1/2018 07:44

We could achieve a monthly revenue over $400,000 in 2018 !

What does "net of selling costs" entail ?
Is that operational costs ?

[temmujin] 08/1/2018 07:44

ythsuc..even thats nearly £2m profit in the year..market cap £30m...do the maths laddie!

[chinese investor] 08/1/2018 07:38

"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 m(3) per day / 2.1 MMscfd to 2.7 MMscfd.
In the subsequent ten months of the contract the range is 63,031 to 82,425 m(3) per day / 2.2 MMscfd to 2.9 MMscfd."

[ythsuc] 08/1/2018 07:37

Operating costs are circa 150k per month, so about 50% of this invoice is swallowed up in overheads.

[temmujin] 08/1/2018 07:31

sleveen..youre an idiot..gas tap switched on,gas flows..minimal operating costs...its not like manufacturing you plonker!

[chestnuts] 08/1/2018 07:30

Chinese

Glad to see ast get its first payment, but unless the revenue increases AST is way over valued compared to its peers

[tmmalik] 08/1/2018 07:26

Today aex released its production rate which is half of Ast but share price above 3p

[sleveen] 08/1/2018 07:21

What proportion of the 300k/month has to be deducted in AST operating costs?

A large chunk I'd say.

[chinese investor] 08/1/2018 07:17

-- The invoice for gas and condensate sold during November has been settled in accordance with the agreements. Ascent's share of the proceeds (net of selling costs) was received on 5 January 2018. This amounted to EUR303,181.

-- Total gas produced for November was 1,716,172 cubic metres (60,607 MCF) which equates to 59,178 cubic metres per day (2.1 MMscfd) for the 29 days of production.

-- During December this has increased to 1,975,207 cubic metres (69,754 MCF) which equates to 63,716 cubic metres per day (2.3 MMscfd) for the 31 days of production.

We look forward to providing production updates on a quarterly basis going forward.

[temmujin] 08/1/2018 07:14

RNS! BOOM! £300K IN THE BANK...PRODUCTION UP 10% IN DECEMBER...BOOM!!!