Ascent Resources Share Discussion Threads

[chinese investor] 02/6/2020 09:00

EIA will take 18 months.
It'll then be rejected by Slovenia !

[blueblood] 02/6/2020 08:31

Stop talking about things and take some action ffs

[johncasey] 02/6/2020 07:21

but then again this is slovenia the land of the loonies

[johncasey] 02/6/2020 07:11

seems abit silly..i thought ascent had done one years ago

[chinese investor] 02/6/2020 07:07

EIA is required !

[dodge_city] 01/6/2020 15:40

3 shares sold at 2.815. 1 share bought at 3p.

It's getting exciting.

[mrzippo] 01/6/2020 07:54

You seem to be under the impression that they have an LOI for funding litigation on an no win-no fee basis. They don't. It was withdrawn the next working day. Used to get a share price reaction & attempt to shift some of the placing shares.

[roughandtumbleone] 01/6/2020 07:48

Well my post of Friday was 100% accurate and factual and the sweeping changes by the Slovenian Government are being implemented and as I understand they are looking at shaking off the past...AST would be the perfect place to start for them!!

[brookemia] 31/5/2020 19:11

Coro Energy (CORO) and Empyrean Energy (EME) announced their much expected Mako resource upgrade. No surprises there and no positive impact on their share prices either. Question now is can they develop and commercialise it, because that’s the hard part.

Coro connected company, Ascent Resources (AST), announced a “Slovenian Strategy Update.” It was a neat way of disguising a 200,000 Euro default. It’s just a lifestyle operation for the Board, so none of the “news” really matters anyway.

[roughandtumbleone] 29/5/2020 09:53

So for those interested I would encourage you to also spend some time doing some in-depth due diligence. The changes to the Slovenian Government have come about due to the level of "excessively complicated administrative procedures and the unnecessary bureaucracy in their local government". This was a statement by them and that "Sweeping changes are being made" and is why AST have received not only the LOI to pursue their rightful claim of damages against the Slovenian Government to the tune of 3m euros but is why they have stated they expect the permits and have a confident position - see below.In my humble opinion a very compelling recovery story with huge upside! "Observed the recent changes introduced by the new Slovenian government and increasingly confident position on the likelihood of the Project receiving the permits required for further stimulation"

[1bluehorseshoe] 28/5/2020 14:23

The key to a rerate is what deal has been done with Geonergo to release the 40m and once the permits are finalised who's paying for the scrubbing plant?There's a lot more value than the gas

[roughandtumbleone] 28/5/2020 13:51

There's some real nuggets of information within various AST releases and I have one believe the upside is incredibly high.If people look back at the Feb placement this was concluded at 5p per share and they also renegotiated the loan on far greater terms where it's exercisable when the share price is above 10p for more than 5 days.They have satisfied monies owed to an investor placing shares at 5p only at the beginning of May and they have been offered a LOI for 3m euros to pursue their case against the Slovenian Government. The best part of this LOI if AST failed in their litigation attempt the monies aren't repayable so clearly the underwriters for this money have a lot of confidence in their chances of winning.A compelling investment but DYLR

[theaviator] 28/5/2020 13:08

CI, fact is there are better shares to spend your time on mate ;)

[1bluehorseshoe] 28/5/2020 10:22

Slovenia being dealt with by external counsel

[1bluehorseshoe] 28/5/2020 10:16

Part of the operator criteria for Cuba

[quazie12] 28/5/2020 09:50

FFS a full time in house lawyer. WTF ?

[chinese investor] 28/5/2020 09:40

".....that the permits to enable re-entry and stimulation of the PG-10 and PG-11A wells which were originally submitted in May 2017 are expected to be received towards the end of 2020.

The first step, which is the feedback from the Administrative Court appeal initiated by the JV partners in July 2019 against the decision of the Slovenian Environmental Agency (ARSO) to require a full environmental impact assessment, is anticipated to be received by the end of August 2020."

[mrzippo] 28/5/2020 09:22

That didn't last long

[hazl] 28/5/2020 08:52

'Ascent Resources Plc (LON: AST) the onshore Caribbean / Hispanic American and European oil and gas company, is pleased to announce, further to the previous announcement of 4 May, that it has now settled all remaining sums with the relevant investor and as a result has issued the final 2,250,000 Ordinary shares at a placing price of 5p per share. The placing previously announced on 14 February 2020 is now complete. '

[1bluehorseshoe] 28/5/2020 08:51

Gap filled

[hazl] 28/5/2020 08:48

5P placing earlier......

says it for me

[chinese investor] 28/5/2020 08:43

People won't invest on promises....only on results !

[roughandtumbleone] 28/5/2020 08:34

AST raised 212k on the 30th April at 2.75p and issued shares to an investor for monies owed at a share price of 5p. This investor has taken shares over money and still has an outstanding balance which looks likely to be issued in shares and likely to be at the same 5p threshold.The shares issued on the 30th April became active on the 15th May of which a Director took 450k. I think any overhang that the placees are selling to make their 10% on the placement money will be cleared mid morning. There was only 7m shares issued.Could prove an interesting few days and from a fall from 2.50 GBP the upside from 3p is exciting!