Ascent Resources Share Discussion Threads

[joshua767] 07/5/2018 13:35

Where did you get the figure of 1.9million?

I've seen figures in the region of 10-30million barrels.

Compelling potential here for company with the finances to accelerate the field development

[chinese investor] 07/5/2018 11:11

Reserves of 1.9 million barrels of oil !

[letmepass] 07/5/2018 10:30

Doc holiday on soundcloud

[joshua767] 07/5/2018 10:06

I wonder what the interested parties will think about the under stated oil reserves....

[jakecat1] 04/5/2018 13:44

Steady accumulation from somebody starting??

[chinese investor] 04/5/2018 08:17

It might help if Colin releases more information on gas flow and revenues !

[ducati2345] 04/5/2018 08:14

Really? I admire people's hope but facts are plain this company will be sold at a bargain price eg to cover directors options etc , but anyway as long as above 1.5 p I'm happy.

[joshua767] 03/5/2018 04:36

exciting times for AST holders. Even a TO at £100million would be a 50% discount and would rocket the share price. I can see this being the case. hold on

[dondon75] 02/5/2018 16:54

Deleted you other post where you replied to yourself? Forgot to change accounts?! :))))

[chinese investor] 02/5/2018 10:53

Lots of buying at the full price !

[lastoleave] 01/5/2018 22:05

Yes Colin did say in one of the interviews the well was back in production from the 28th March,I think from memory. He also said the well was working at a "satisfactory rate". Whatever that means?

[dave19w] 01/5/2018 16:37

CI yes it is. After the remedial they put it back in production and said it would be a while before they can tell how well it worked.

[chinese investor] 01/5/2018 13:51

Is PG-11A currently producing ?

[chinese investor] 01/5/2018 09:58

Unfortunately all we can do is wait...possibly up to 3 months !

[theaviator] 30/4/2018 11:11

The last rns imo was nothing other than another ramp from the company! We shall see of course...

[chinese investor] 30/4/2018 10:44

Disappointing there are no TR-1s !

[chinese investor] 30/4/2018 09:45

Central European Day Ahead Price approaching 21 euros per MWh !

[chinese investor] 29/4/2018 14:19

Great Talk by Colin !

[chinese investor] 28/4/2018 12:30

Great LSE interview !

[chinese investor] 28/4/2018 12:21

We have been valued at £1.2 million per billion cubic feet of gas.
(we have 164 billion cubic feet of gas - P50)
i.e. £343,000 per million cubic metre.

We are currently getting £150,000 per million cubic metre for our dirty gas !

[russell crowe] 27/4/2018 17:19

AST current market cap: £28 million

Debt = £0
Cash position roughly = £1m
2 producing wells (Pg-10 & Pg-11a) which can have a combined flow of 11 MMscfd
Currently selling 2.6 MMscfd to INA for annual sales of over £3m
Infrastructure in place to sell up to 8.5 MMscfd to INA
(dependent on reservoir performance and amendment to INA contract)
90% of revenue payable to AST until all costs recovered
Large tax breaks due to previous year's loses

Gas in place was independently assessed in 2013 at 456 Bcf (P50)
Phase 2 plan (funded by sales revenues and debt finance?) to deepen 7 existing wells and drill 6 infill wells to take production up to 35 MMscfd for 10 years
Plan is to re-complete 2 wells early 2019 (Pg-7 & Pg-9)
35 MMscfd would generate EUR 66m annual sales revenue at today's gas price
IPPC permit required to build gas treatment facility to feed into the Slovenian grid - final NGO blocker removed
Gas Treatment facility will cost EUR 10m
NPV10 = £199m