Ascent Resources Share Discussion Threads

[chinese investor] 01/3/2018 12:56

Within Day

82

[big yankee dealer] 01/3/2018 12:15

The Volume Weighted Average Price for the day is currently EUR 44.
Staggering considering it was below EUR 20 only a week or two ago.

For every day that passes during this cold snap, AST receive more than double the predicted revenues.

[chinese investor] 01/3/2018 11:33

November 2017 60 million cubic feet 300,000 euros
(i.e. 1,800,000 cubic metres)

i.e. 17 euros per MWh

The Wholesale Price at the time was 20 euros per MWh !

[chinese investor] 01/3/2018 09:11

The Within-Day price is 60 euros per MWh !

[chinese investor] 01/3/2018 07:34

After Colin wrote "we look forward to providing production updates on a quarterly basis going forward" he produced January figures.

It would be nice if he produced February's figures in a few days time...possibly today !

[lastoleave] 28/2/2018 21:14

Some great posts today thanks for sharing.

Well,with gas prices increasing so much this week that's going to be one big invoice making it's way to INA for February. Just hope we produced at 2.9 MMscfd or more for the month(can't see why not). Guess we will find out when Colin gives us the quarterly update at the beginning of March.

[chinese investor] 28/2/2018 21:13

2Kally,
Wholesale prices have gone mental.

[2kally] 28/2/2018 17:18

think i know why now.

[2kally] 28/2/2018 16:27

been out (in a white-out) why the rise?

[charles clore] 28/2/2018 15:31

Are my eyes deceiving me? Blue?

[chinese investor] 28/2/2018 15:16

Here We Go !

[amelia airhead] 28/2/2018 14:51

Colin's currently preparing the INA invoice.

[chinese investor] 28/2/2018 13:51

Within-Day is 50 euros per MWh !

Ten days ago it was 17 !

[chinese investor] 28/2/2018 12:33

AST own a gas mine in Slovenia and they are supplying to Croatia !

Both countries are having their worst weather in living memory.

AST's share price is at an all time low !

[gss52213] 28/2/2018 10:33

Some misinformation has been posted above, perhaps most importantly is the IPPC permit stages. The government body will process the current application and then inform #AST that soil samples are required - which Colin has been preparing for. This step will add considerable time to the final approval but, as has long been discussed, the IPPC permit is no longer an immediate requirement and its delay should not cause any concern.

[chinese investor] 28/2/2018 10:18

Within-Day is 47.5 !!

[chinese investor] 28/2/2018 10:07

Last Day Of The Month !

[chinese investor] 28/2/2018 08:33

31 euros per MWh !

[russell crowe] 28/2/2018 08:25

1. We are currently selling 2.6 MMscfd per month of gas generating around £300k of revenue per month.

This is by selling our untreated gas to INA in Croatia.

INA receive the gas from the export pipe from Slovenia to Croatia then clean the gas of CO2 and sell it on to the European grid.

They currently pay Ascent about spot price less 35%.

Ascent want to build the processing plant to enable selling our own processed gas directly to the European grid for full spot price thus avoiding the 35% discount.

2. The IPPC permit application/processing is being worked on.

Permit is needed to build the gas processing plant.

Ascent met a representative of the Slovenian Government a few weeks ago to move things forward.

Colin was again in Slovenia today.

I believe this was to do with the permit.................

3. Over the last several weeks Colin has been looking into how best to finance the gas processing plant with little or no need for a placing.

Finance for the plant will not be needed until next year, after the next two wells are drilled and on-line.

In the last interview he gave he mentioned a Company to build the plant who would accept part of their money being paid after the revenue from the plant starts coming in.

3. The next two wells should be financed by the proceeds of the current gas sales from wells 11a and 10.

Sales volume is currently 2.6 MMscfd.

Looking to increase to 2.9 MMscfd, the maximum permisable under the agreement with INA.

4. Assuming the wells are good for it the current 2.9 MMscfd volume sales to INA may be re-negotiated to a higher level.

This could happen any time.

Share holders keeping fingers crossed........

5. Company had cash of over £1 million at start of year as confirmed in RNS.

Since gas sales started to INA in Croatia on 2nd November 2017 over 1 million Euros of gas has been invoiced to INA.

IMHO by mid March Ascent will have about £2 million in bank.

Next news expected is IPPC permit received.

This is planning permission to build the gas processing plant which opens up the whole gas field for exploitation.

The Slovenian Company "Petrol" are already a 12.5% partner in the whole project but receive little money at the moment as AST gets 90% to pay for money invested to date.

Petrol are seen by many as a potential bidder for Ascent, especially once the IPPC permit is received.

The other obvious potential bidder is INA who we currently export all our gas to.

Of course Petrol and INA could form a jv and take Ascent out together.

Ascent is a tiny Company compared to Petrol or INA.

Ascent believe over time £500 million profit is possible from the whole field.

??Do Petrol/INA agree???

All IMHO.

[chinese investor] 28/2/2018 07:42

Have INA asked AST to turn the flow up ?