Ascent Resources Share Discussion Threads

[1bluehorseshoe] 14/8/2018 18:43

So that should get the share price moving enough to call an EGM and get a placing away before they say no offers were acceptable.

[1bluehorseshoe] 14/8/2018 18:34

Funny they didn't know the microphone was still live when Clive told Colin he'd bat difficult questions and Colin admitted the concession is with Geonergo and permits are being applied for by Geotherm. Makes you wonder what they're selling. Lol

[chinese investor] 14/8/2018 17:07

Ring ! Ring !

This Conference Call is a waste of time and money !

[oldbronze] 14/8/2018 15:35

Market seems to be sleeping !!!

[chinese investor] 14/8/2018 09:27

Central European Day Ahead Price moving towards 25 Euros !

[liberace pickles] 13/8/2018 17:37

1. The IPPC permits will not be necessary for years.
There has to be enough gas production, probably 20 to 30 million cubic feet per day, to warrant investing 20 million Euros in a processing plant in Slovenia.

2. There should have never been any efforts to acquire permits to workover and re-frac Pg10 and Pg11A.
You cannot risk performing work on your only two sources of production.
Once you have drilled or worked over other wells and production has increased, perhaps then you look at re-fracs on Pg10 and Pg11A.

3. The push should have been for permits to increase production by workovers of existing wellbores and by drilling new wells.

4. Now the biggest hurdle to working in Slovenia, the permitting.
There is no "questionnaire" that the Slovenian Ministry hands out when a company wants to apply for any oil and gas operation permit.
The Ministry did not know what to ask for and the company did not know what to submit.
It was a lack of experience on both sides.

I am interested to see if the meeting causes the Ministry to speed up the permit approvals.
I doubt it will.
The Slovenian government sees very little reason to push for a quick approval.
They either can't or don't want to see the economic benefits of developing the Petišovci gas field.

[chinese investor] 13/8/2018 09:39

Central European Day Ahead Price over 24 Euros !

[nhs buyer] 13/8/2018 09:14

One of the permits to be awarded this week.

[chinese investor] 13/8/2018 08:57

I sense several imminent up ticks !

[cudmore] 13/8/2018 08:39

Selling now is madness. Some people have no patience!

[dandadandan] 13/8/2018 07:29

No more dilution, just get a buyer to farm in or sell up and recover your £45m+ already invested.
Best outcome is to Brexit Slovenia and let them get on with managing their own GAZ with the Russians, IMO.

This is served up on a plate and waiting to be delivered.

The BoD must now be thinking what to do with their nice fat BONUS payments.
They have already paid back Hendos with a nice return....

Sold off for around 3p is my guess.

Sit tight as patience pays and the 'boiler room' guys and gals on the boards such as LSE still have a few tricks to play, to try and make you give up your shares on the cheap.

GLA.

[1bluehorseshoe] 12/8/2018 23:30

The only hope here is that the ceo can persuade the investors to allow another placing at an EGM, they refused last time.Tuesday should be interesting.

[1bluehorseshoe] 12/8/2018 23:03

The gas Ina buy from our JV is unscrubbed purposely on their part as they use the co2 in their own wells. By us selling it we are getting over 40% less than if it were being sold for the domestic Slovenian market

[lastoleave] 12/8/2018 21:50

~INA’s natural gas sales on the domestic market(Croatia)increased by 8% in 2017 compared to 2016

~INA’s total hydrocarbon production in 2017 was 5% lower than in 2016


So INA have increasing gas sales and decreasing production. Anyone can see the two cannot continue. They need to find new sources of gas and oil production.

[jakecat1] 12/8/2018 20:57

Hahahahahahahahahaha! 'Very bleak'... Whatever are you smoking! BHS. Meaningful de-ramping opportunities are long gone here... and will make little impact on the larger buyers snapping these up. Very bleak outlook only applies to de-rampers trying to manipulate price down from here to make a few bob...Suggest jog on if that is your game. Plenty of opportunities elsewhere...

[1bluehorseshoe] 12/8/2018 19:54

Even the permit will be Geonergos , AST Slovenia is just the 100% finance. If the Ina contract falls any lower they'll lose what revenue they have. It's very bleak

[1bluehorseshoe] 12/8/2018 19:52

Permit, there won't be a takeover, Geonergo hold the concession

[cobra786] 12/8/2018 18:38

It be double whammy

[hope67] 12/8/2018 18:14

Think it is prudent to preserve what cash they have, what comes first Permit or takeover?

[1bluehorseshoe] 12/8/2018 13:02

Read the previous RNS, if the bod were that confident would the ceo have just taken a 50% pay cut and all the others reduced to zero? It's squeaky bum time

[1bluehorseshoe] 12/8/2018 12:21

Truth hurts, it's death spiral for Ast. Diminishing revenue, permits even if given will need finance for wells.200m apparent value (actually 120m) 47m already spent, not even viable.Do some research, company presentation on the Ast website. It's too little too late

[cudmore] 12/8/2018 12:03

Bluehorseshoe

Everyone should block this negative clown. He clearly is blinkered and living in cuckoo land.