Ascent Resources Share Discussion Threads

[1bluehorseshoe] 21/8/2018 13:49

I've never deramped just clarified. Is it your thread?

[jakecat1] 21/8/2018 13:37

If you're here to continually de-ramp this stock again 1BH... I would be delighted if you would 'do one' :-)

[1bluehorseshoe] 21/8/2018 12:42

Shall I do another one then?

[cudmore] 21/8/2018 12:41

I love a 1 trade......always is a sign! Many say it’s a myth but trust me...made many £’s piling in after a 1 trade for excellent news to drop within 48hrs.

[chinese investor] 21/8/2018 09:08

Central European Day Ahead Price is Now Over 25 Euros per MWh.
(was 12 two years ago)

[poseidon adventure] 21/8/2018 06:58

The government speaks in different voices , the official policy seems to support fracking but the behaviour of ARSO suggests otherwise

Anyway its Geoenergio's call as of May 8 2018

----------------------------------------------------------------------------------

Ljubljana/Lendava - The company conducting gas exploration at the Petišovci gas field in north-eastern Slovenia has requested a new environmental permit to conduct hydraulic fracturing of two wells as it seeks to increase gas production.

Geoenergo, which is exploring the gas field in conjunction with the British firm Ascent Resources, said it had requested the permit from the Environment Agency as a precaution.

Hydraulic fracturing, known as fracking, had been conducted at both wells, known as Pg-10 and Pg-11A, in 2011.

"Considering that the wells had been dormant for six years between their construction and the start of production, we knew it was likely that renewed hydraulic stimulation would be needed," the company said.

Since procedures for the acquisition of permits are long, Geoenergo decided last year to submit the paperwork.

Geoenergo had submitted the application in May 2017 and amended it at several stages, most recently this March, even as it claimed in November 2017 it did not yet know when renewed fracking would be needed.

The company would not directly comment on that.

The application shows Geoenergo would use 10,000 m3 of water to stimulate the wells at a depth of 2,700 and 3,500 metres, respectively.

Gas has been pumped at Petišovci since November 2017.

It is sold unpurified to Croatian refiner Ina.

While daily production numbers are not disclosed, media reports suggest daily output is about 60,000 m3.

Original estimates put the potential of the gas field at about 12 billion m3 of gas, with Ascent originally projecting a daily output of 300,000 m3.

Gas exploration at Petišovci has long been the subject of criticism from local green groups, but the initial uproar over fracking opposition subsided several years ago after Geoenergo and Ascent assuaged fears about fracking polluting the groundwater.

Mihael Kasaš, who has spearheaded a local civil initiative that opposes fracking, told the STA that the group would "resist" the planned additional fracking, but only if it receives support from municipal council in Lendava.

He has sent a message to all councillors but has so far received a statement of support from only one.

The fracking of Pg-10 and Pg-11A is an attempt to redevelop the Petišovci gas field, which has been producing small amounts of oil and gas since the Second World War.

Geoenergo has exclusive exploitation rights for a 97 km2 area covered in the Mura Depression which is bordered by Hungary in the north and the Mura River and Croatia in the south.

[1he warrior] 20/8/2018 15:52

I think the Dundee Idiot got a job in lidl now, shelves stacking 3 shifts a day.

[mrphiljones] 20/8/2018 15:10

😂 Let’s not forget Captain bellend AKA Brando and his 90k@2.85....🤗;

[1he warrior] 20/8/2018 15:08

It should go back to 0.4p again

[waynz] 20/8/2018 14:57

Is that a nailed on fact ?

[1bluehorseshoe] 20/8/2018 12:45

They're not submitted by Ast but by Geotherm, hence why he says WE. Ast get told what's happened after the event they don't instigate anything.

[chinese investor] 20/8/2018 12:44

A lad on lse says he holds 2% of the company !

[chinese investor] 20/8/2018 12:35

0.9815p to SELL !

[dodge city] 20/8/2018 12:27

How many times has Blarney got to fill those forms out, is the idiot illiterate or something.

[cudmore] 20/8/2018 08:51

Dodge

Time will tell......when the offer is announced let’s see who is laughing or crying!

IIP.......the rerate is imminent. Don’t say you weren’t told. Multibagger wrote all over these.

[jakecat1] 20/8/2018 08:48

Really hope that you're not dodging the bounce Dodge...

[dodge city] 20/8/2018 08:34

Cudmore
You are looking pretty stupid this morning and so have all the other ramping idiots.

[giant hayslacks] 20/8/2018 08:15

More like 0.3p.

[1bluehorseshoe] 20/8/2018 08:10

Didn't happen then either

[bumpa33] 20/8/2018 08:04

looks like the “boys” decided to (try) squeeze a bit more juice from this lemon first...

[liberace pickles] 20/8/2018 08:03

1p coming.