Ascent Resources Share Discussion Threads

[chinese investor] 20/9/2018 14:33

A Million Purchase For £7,800.

Good Chance To Make £5,000 Profit In A Week !

[linesal2] 20/9/2018 13:18

Managed to get a few more :-) shame the first RNS was worded wrong as That probably caused some to sell, but gave a great opportunity for us to BUY.

I am still banking on next Friday for permits!

[1bluehorseshoe] 20/9/2018 12:39

Imagine where the share price would be if it wasn't for the promise of the SR!

[1bluehorseshoe] 20/9/2018 12:09

Classic. Read up on your investment you'd know it's only Colin getting paid and that's part time. Office manager redundant and non execs all gone.

[dandadandan] 20/9/2018 11:40

Laid out on a plate and ready for the taking.

ARSO target is 30th Sept.

IPPC and Permits news due.

Sitting tight and holding on nicely.

If cash income is a problem, then they should take shares as an option as well as a pay cut.
What value are some adding to the company while on gardening leave?

Prove your faith in the Company, BoD and manage the AST debt. That is why your past inflated salaries have been paid.

GLA.

[chinese investor] 20/9/2018 10:59

That's very well possible !

[1bluehorseshoe] 20/9/2018 10:58

You know you are flogging a dead horse

[chinese investor] 20/9/2018 10:51

Central European Day Ahead Price over 29 euros per MWh !
(was 17)

Hopefully PG-10 & PG-11A are back producing.

We should be back to producing near what we were producing at the beginning of the year but...
...we are getting more for our gas !

[1bluehorseshoe] 20/9/2018 10:21

Lol bought have you? Pmsl

[dodge city] 20/9/2018 10:08

Sounds like permits and a deal with a strategic partner are very close.

[chinese investor] 20/9/2018 09:27

The original wording in the RNS was:

In relation to the IPPC Permit, the partners are currently in the process of answering the last call for amendments which has been requested by the Environment Agency ("ARSO").
Based on recent discussions we remain hopeful that once these amendments have been answered to the satisfaction of ARSO then a final positive decision should be forthcoming in the near future.

In relation to the second permit, ARSO has sent a further request for amendments to the partners.
We are hopeful that once we address these questions the permits will be delivered in due course.

This should have read

In relation to the IPPC Permit, the partners have answered the last call for amendments which were requested by the Environment Agency ("ARSO").
Based on recent discussions we remain hopeful that a final positive decision should be forthcoming in the near future.

In relation to the second permit, ARSO had previously sent a further request for amendments to the partners which we have already responded to.
We are hopeful that this will be dealt with by ARSO without further delay.

All other details remain the same.
The full amended text is shown below.

[chinese investor] 20/9/2018 09:02

So Revenue in the first six months of 2018 was £1,281,000.
Seems a bit on the low side !

[1bluehorseshoe] 20/9/2018 08:43

Production best yet? It has stopped!

[linesal2] 20/9/2018 08:40

I missed out on topping up again!
The negative in the statement was already known, but
Strategic review Positive,
Production best yet- Positive
Near Break even-Positive,
Formalising Sale process positive.

Trades today 99% so far BUYING- Positive

Couldn't be too Positive as price would shoot and potential buyers could be priced out, all IMHO

[chinese investor] 20/9/2018 08:19

We do have creditors !

[chinese investor] 20/9/2018 08:10

"We invested GBP407,000 in fixed assets, during the workovers of Pg-11A and the installation of the filter separator. A further GBP227,000 was invested in future exploration activities, being the permitting for new wells and the extension of the concession itself."

[chinese investor] 20/9/2018 08:02

"The Financial Statements of the Group are prepared on a going concern basis.

In the past six months the Company has encountered production issues at Pg-11A which have substantially reduced the anticipated production from the field. Significantly increased production from the field is unlikely to be possible until the Company has the funding and the permits required for further well re-entries. As a result, anticipated production revenue is not now expected to cover anticipated costs for the next twelve months.

As such the Company will require further funding to cover working capital and further development in Slovenia. The Directors have a range of different options including, but not limited to, a successful corporate transaction arising from the strategic review, new borrowings or new equity placings.

However, there can be no guarantee over the outcome of these options and as a consequence there is a material uncertainty of the Group's ability to raise the necessary finance, which may cast doubt on the Group's ability to operate as a going concern. Further, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business."

[1bluehorseshoe] 20/9/2018 07:58

Net result, Hendersons paid off, rats have left the ship, permits blamed for no sale.

[chinese investor] 18/9/2018 13:29

Our gas is worth £300 million !

[linesal2] 18/9/2018 11:45

Still looking good, Find it difficult to put an expected max on this one, There will be a rise up when permit gained, possible rise up if interested parties start to quantify interest and another rise when gain permits to reopen other wells.
I always sell too early but will sit on my hands with this one. If we were going to run a book on when ARSO announces I would say 28/09/18.

[jakecat1] 18/9/2018 10:55

So you have been saying for many months, Dodge. ZzzzCompletely disagree...

[dodge city] 18/9/2018 10:22

Still no permits, this will be bust by end of year and solf off for peanuts.

You are all being screwed over here.

lolololololol

[chinese investor] 18/9/2018 09:16

There's a lot of talk about news on Thursday at 7am.

[chinese investor] 17/9/2018 10:32

Perhaps I shouldn't have said "Chances Good".
I should have written "Chances Remote" !

[jakecat1] 17/9/2018 09:58

Ah - ok. Thanks for clarifying CI.