Ascent Resources Share Discussion Threads

[stealive] 16/7/2018 13:23

Will hold you to that Tem and bench mark you on any future posts

[temmujin] 16/7/2018 12:29

big rumour in the city today that theyve got the permit!

[soounder] 13/7/2018 09:46

Amazing recovery...

[chinese investor] 12/7/2018 13:24

The decision about "stimulating" PG-10 and PG-11A should have been straightforward for the IPPC (because it would have been a re-run of 2011) but it appears this is not the case.

[chinese investor] 12/7/2018 13:02

It was in November 2017 the appeal against the correctness of preliminary screening procedures in relation to the IPPC Permit was rejected by the Administrative Court.

So, at that time, the ball was put into ARSO's court.

Three months ago ARSO sought some clarification from AST which was supplied very quickly.

ARSO's decision on the IPPC will be made any day now.

[chinese investor] 12/7/2018 12:30

So we are producing 132,000 MWh annually at 18 euros per MWh.
That's an annual income of £2 million.

We need to keep annual operating and administration costs under £1.5 million.

[jakecat1] 11/7/2018 06:55

How much lower do you want this to go AA?

[amelia airhead] 10/7/2018 16:52

I sent an email to gov ARSO for Ascent Application for IPPC permit.
The application was received 6th July from AST.

This was her response:

In accordance with the call of the ARSO, the investor supplemented the application with an explanation.
We received it on 6 July 2018.

The final decision of the EARS will be made in the Decision, which will be issued by the Authority on the basis of a substantive examination of the abovementioned plea of the investor.

In the invitation to make an announcement, the EARS informed the investor of the following findings:

Taking into account the size of the intended intervention or its cumulation with other interventions (the presence of other mining facilities and mining infrastructure), the possibility of occurrence of environmental accidents taking into account, in particular, the used materials and technologies, the generation of waste, the effects on the emissions of substances into water and air, the releases of greenhouse gases and emissions substances in the soil, the effects of vibrations and explosions on the environment in connection with the regenerative capabilities of natural resources in the area and their vulnerability and absorption capacity of the natural environment, has recognized the significant effects of the intended environmental impact.
Furthermore, the ARSO invited the investor to identify the findings in the prescribed period and to attach any evidence.

Further more, I asked for the timescale and process and her reply was:

The procedure is as fast as possible, depending on the number of employees, but we can not predict the conclusion.
Depending on the applicant's responsiveness and possible complaints to our decision.

[chinese investor] 10/7/2018 10:07

The Central European Day Ahead Price is approaching 24 euros per MWh.

[stealive] 10/7/2018 08:32

Permit coming hopefully

[professor knobhead] 09/7/2018 09:49

You're welcome.

Yes, I read it. It was like pettigrew had written it.

[professor knobhead] 09/7/2018 07:44

Its traditional to say thank you, fyi.

[dodge city] 06/7/2018 18:14

WIth no permits the company will go into permanent limbo because any positive outcome from the strategic review will require permits in place.

I can't see any permits being granted any time soon.

[chinese investor] 06/7/2018 16:57

Press Release
Lendava, July 3, 2018

Geoenergo, Ascent Slovenia Limited and Ina have reached agreement on extending the contract for the sale of unclean gas.

The gas sales contract, in which crude uncleaned natural gas is sold to Ina company in Croatia, was extended until May 2, 2019.

The sale of crude uncleaned natural gas from new wells took place on November 1, 2017, for the first time on the Croatian market.

Production has been smooth.

The goal of Geoenergo d.o.o (holder of exclusive rights for exploitation of mineral resources in the acquisition area in the Murska depression) and Ascent Slovenia Limited, with which Geoenergo d.o.o. the Joint Operations Agreement (JTS) has been concluded.

However, the acquisition of a permit for the installation of a natural gas purification plant (CPP) in Petišovci remains.

The latter is necessary for the inclusion and sale of gas in the domestic network, which would enable the sale of Slovenian gas to Slovene customers and thus benefit the Slovenian economy.

In order to have the power to clean the gas at home, they have been working since 2014.

Due to the lengthy administrative procedures and the numerous bureaucratic obstacles related to obtaining a permit for the installation of a new gas treatment plant in Petišovci, licenses have not yet been obtained.

The development and production of gas in Petišovsko polje remains one of the key economic projects for the development of the Slovenian Armed Forces, which simultaneously ensures greater energy independence of Slovenia.

At the extension of the contract with Ino, the management of Geoenergo expressed satisfaction with both production and gas sales.

Good business cooperation with Ino also looks forward in the future.

It is a joint venture owned by Petrol, dd, Ljubljana, 50%, and 50% owned by Nafta Lendava, doo

In accordance with the signed concession contract, Geoenergo is the holder of exclusive rights for the exploitation of mineral resources in the acquisition area in the Murska depression for the period between 2002 and 2022.

Geoenergo is a natural gas and oil producer in the production area, which has been continuously producing gas since 1943 and oil from existing production wells.

At present, the gas produced is sold to economic operators on the site, as there is no adequate connection line to the transmission network.

With the aim of further development of the gas oil field, the company has concluded a Joint Operations Agreement with Ascent Slovenia Limited, on the basis of which it provides funds for the necessary activities.

A favorable domestic and reliable source of energy represents an exceptional opportunity for the development of a competitive economic environment in Pomurje and in the whole of Slovenia, and consequently opening new jobs with higher added value.

[chinese investor] 05/7/2018 10:20

This is the meeting Colin is going to today !

Will Bo Arso stop the hydraulic stimulation of the wells?

"The opinion of the state environmental agency could be that which would stop the planned re-stimulation of the wells in the "P" gas field.
The National Environmental Agency has found that re-stimulation of boreholes in the "P" gas field would have significant effects on the environment.
In the past few days, the state environmental agency has sent a call for a ruling on the planned re-stimulation of gas wells Pg-10 and Pg-11 in the Petisovci gas field.
The party now has time to make a statement on the case by 5 July."

[chinese investor] 05/7/2018 10:08

Thanks xow98 !

[xow98] 05/7/2018 08:38

Colin on Voxmarkets - starts at 1:40

[dandadandan] 04/7/2018 13:47

Manipulate the price down before the news, IMO.
It is time to restart the PI scare tactics.

Watch the shorters and those spreads.

Someone wants these on the cheap.

GLA.

[chinese investor] 03/7/2018 15:36

P50 for the site is 88 billion cubic feet of gas.
PG-10 accounts for 3% of this i.e. 2.7 billion cubic feet of gas.

PG-10's current daily rate is 0.9 million cubic feet of gas (i.e. 330 million cubic feet annually)....
..... it'll run out in 8 years !

[1days] 03/7/2018 09:21

Those on another board are still trying to talk AST down - obviously don't understand the RNS.

One of the best investments on AIM at the moment.

[chinese investor] 03/7/2018 09:01

If things remain as they are AST will be getting revenue of over £2 million annually.
That'll pay for admin and operational costs.

I can't see anything wrong with another Primary Bid Placing (a couple of million) to get things moving !

AST are waiting for permission to :-
build their own purifying plant
re-stimulate PG-10 and PG-11A (should be straightforward because it has happened before)