Ascent Resources Share Discussion Threads

[1bluehorseshoe] 12/8/2018 09:32

They've been saying that for over five years. Consolidation coming, again! Last one was 20-1. Check the company history

[dongle features] 12/8/2018 09:17

The Slovenian authorities have assured Ascent Resources, a U.K-based oil and gas production and exploration company, that the required permits, one of which is for the construction of a processing facility adjacent to the Petišovci gas field in Slovenia, will be processed “without further undue delay”.

This means the permits “should be issued in final form in the next two months”, said Ascent Resources on Thursday.

Ascent needs the IPPC permit to enable it (and its partners in Slovenia) to construct a processing plant adjacent to the Petišovci gas field near Lendava in Slovenia.

“The processing plant is required for phase two of the development plan, and the anticipated increased production from the field,” said Ascent.

The company is currently exporting production (raw natural gas) from the first two wells, Pg-10 and Pg-11A, via an export pipeline to the Croatian oil and gas company INA. In July Ascent said that the gas sales agreement with INA had been extended to 2 May 2019 (MORE).

Average monthly production from the Pg-10 and Pg-11A wells over the first nine months of export production has been between 1.0 and 2.4 MMscfd, noted Ascent.

“While there is capacity to significantly increase production through the existing export facilities, with the levels of production projected in the field development plan, it would be more economic to treat these through a facility in Slovenia.

This facility would allow Slovenian gas to be treated in Slovenia and sold to Slovenian customers thereby ensuring that the country captures the maximum amount of added value from the resource,” stressed Ascent.

The company added that “the estimated reserves and resources of the Petišovci field are very significant in the context of Slovenia's national annual natural gas consumption, while the country currently imports a large majority of its natural gas requirement”.

A step forward

In a June interview for the Slovenian newspaper Delo,e Ascent’s CEO, Colin Hutchinson, was highly critical of the permitting process in Slovenia and the detrimental impact this was having on the project and further investment in the country.

“It is therefore pleasing to report that at a meeting this week between staff from the British Chamber of Commerce in Slovenia, the Environment Ministry and officials from the environmental agency ARSO, undertakings were made by ARSO to review the outstanding amendments as a priority, in a timely fashion, once they have been submitted by the joint venture partners,” explained Ascent.

According to Ascent, there are two open amendments; the response to the first, which can be prepared by Ascent and its partners will be submitted by 17 August 2018.

[temmujin] 11/8/2018 19:22

wonder how many ARSO employees have bought AST? IF we could find out they should be done for insider trading

[theaviator] 11/8/2018 13:37

Just imagine if 100% of Cambay. Farm in - kaching!! On the other hand...lol We shall see. Worth the punt for moi. Looks like KOD getting primed for take off also....

[chinese investor] 11/8/2018 07:18

Roll On Tuesday !

[1bluehorseshoe] 10/8/2018 14:29

I wonder if Ast can't pay it's bills wether Geonergo will put a default on them like OEX has with GSPC?No one knows what's in the JV agreement except Temm

[tidy 2] 10/8/2018 12:56

Hea ramping Oex five mins later suspended lol

[cudmore] 10/8/2018 12:48

Fill your boots.....another 100% rise is imminent!

[cudmore] 10/8/2018 12:45

Bluehorseshoe

😂😂😂😂8514;😂ԅ14;😂😂;😂

[theaviator] 10/8/2018 12:10

Dont get carried away with that nonsense mate. Mms change their codes on a daily.

[cobra786] 10/8/2018 11:49

1 SHARE JUST GONE

[theaviator] 10/8/2018 11:46

Temmujin it is v simple. IPPC and geoenergo will take it. Its now about trying to workout if yest rns was legit or a load of ol codswallop and lets be honest the bod and the way this company has been run hasnt exactly been transparent. Money to made here still imo fot traders. Ast is not an investment share but certainly can be traded.

[tomboyb] 10/8/2018 11:43

1 v 2 -

Substantial buying and selling for that matter -

[1bluehorseshoe] 10/8/2018 11:28

The permit allows the plant to be built that's all. Once finished and flowing it's a different story but you've got to get there. You still need permits for all the other wells and the licence only has a few years left. All these permits btw are with Geonergo not Ast. Ast is in a JV and not the operator just the finance.Check out the presentation on the company website

[regandharry5] 10/8/2018 11:24

arishbhim, yes my thoughts exactly.

[temmujin] 10/8/2018 11:24

colin made it all up about pg10 in my opinion in order to crash price and start bidding war on free market...multiple interested parties are buying shares now...how else could you explain the massive volume?

[regandharry5] 10/8/2018 11:24

1bhs, yes but with the permit?

[1bluehorseshoe] 10/8/2018 11:18

Get permit you can get finance for plant c12-15m. But plant takes 12 months to build. What about wells new and existing? Ina contract already in jeopardy, finance c10m needed to get up to speed. Value? Without permits we're about right between.60 and .80

[amrishbhim] 10/8/2018 11:14

How can 18 million be too high, more likely double figure, we talking about gas here

[tomboyb] 10/8/2018 11:13

already in profit but a run up past 0.90p and 1p could be in sights -

[regandharry5] 10/8/2018 11:13

So, we have mkt cap of around 18 million. Anybody think that if/when we get the permit that 18 mill is too high?