Ascent Resources Share Discussion Threads

[investor118] 05/2/2021 09:14

Clearly hasn’t dropped like you predicted in fact it reached an all time high

[chinese investor] 05/2/2021 08:12

It'll certainly drop from here but..
....how far ?

[razoblade] 05/2/2021 08:12

The main clue is settle this matter with slovenia in "SHORT TERM"
To me that is damages from delay caused not full compensation like others have been boasting about.
CH you might be right in 4-10 Million in damages and extension in concession which is still good considering we still get to keep the asset!

[richardp19] 05/2/2021 08:09

Buy price now dropping means big sells waiting to offload

[chinese investor] 05/2/2021 08:08

Quite Exciting !

[doc robinson] 05/2/2021 07:58

No speeding ticket! Agreed sounds news is imminent

[docholiday1] 05/2/2021 07:45

Continuing to be positive

[chinese investor] 05/2/2021 07:39

Chinese Investor (AST) 16 Jun 2019 - 08:18:13
Here are the standard million cubic feet daily rates for 2018 :-

Jan 2.6
Feb 2.3
Mar 1.4
Apr 1.4
May 1.2
Jun 1.2
Jly 0.9
Aug 0.8
Sep 0.3
Oct 0.8
Nov 0.5
Dec 0.5

...for both wells !

[johncasey] 05/2/2021 07:18

it cant get any better than that..

RNS outToday 07:08
"The Company confirms it remains in direct negotiations with the Republic of Slovenia with a view to potentially settling the claim in an amicable manner in the short term, as previously announced on 22 October 2020. All such negotiations are being carried out on a strictly confidential, without prejudice and privileged basis. The Company will provide further updates as appropriate.

Operational Update

The Company also announces that PG-11A, one of its two development wells on the Petišovci tight gas field has now been put back into production.

Following recent increases in local gas prices (some 175% up from mid 2020 levels of circa €7 per MWh) and a recently observed pressure anomaly building up in the annulus and tubing at PG-11A, the JV partner has put the well back into production with a view to accreting additional JV revenues and to enable an evaluation of the source of the pressure anomaly and remedial action. The well has begun flowing on the 4 February with an initial production rate equivalent to circa 12,000 scm/d and will be monitored over the course of the next week for a stabilised production rate. The second well, PG-10 is currently producing at circa 5,000 scm/d whilst PG-11A had previously been shut in since December 2019."

[johncasey] 05/2/2021 07:16

stonking rns!

RNS outToday 07:08
"The Company confirms it remains in direct negotiations with the Republic of Slovenia with a view to potentially settling the claim in an amicable manner in the short term, as previously announced on 22 October 2020. All such negotiations are being carried out on a strictly confidential, without prejudice and privileged basis. The Company will provide further updates as appropriate.

Operational Update

The Company also announces that PG-11A, one of its two development wells on the Petišovci tight gas field has now been put back into production.

Following recent increases in local gas prices (some 175% up from mid 2020 levels of circa €7 per MWh) and a recently observed pressure anomaly building up in the annulus and tubing at PG-11A, the JV partner has put the well back into production with a view to accreting additional JV revenues and to enable an evaluation of the source of the pressure anomaly and remedial action. The well has begun flowing on the 4 February with an initial production rate equivalent to circa 12,000 scm/d and will be monitored over the course of the next week for a stabilised production rate. The second well, PG-10 is currently producing at circa 5,000 scm/d whilst PG-11A had previously been shut in since December 2019."

[investor118] 04/2/2021 21:20

Spot on sentiment here has changed for the better & volume is getting better by the day onwards & upwards

[toolsmoker] 04/2/2021 20:16

I think you will get your 38p in the coming weeks CI

[chinese investor] 04/2/2021 19:33

The consolidation was 100/1.

My Break Even Price is 38p !

Why Oh Why didn't I buy at 2p ??

[mark0419] 04/2/2021 17:44

This was consolidated 80/1 at one point.Starting to get interesting now........ Are they now close to agreement of settlement. 30 million should be a good starting point.

[chinese investor] 04/2/2021 16:23

This is getting interesting !

[jayrh] 04/2/2021 16:21

Never been 70p

[chinese investor] 04/2/2021 16:00

I was in the pub when it from 23p to 70p in just over an hour.
It was April 2019 and my chums were impressed.

Unfortunately I didn't sell !

[spqstrader] 04/2/2021 15:50

Shares definitely in demand as can sell in 100k chunks above current bid

[razoblade] 04/2/2021 15:20

CI - technical analysis suggest it will continue to rise to around 18-20p
I also hate rises without a reason as this could drop very hard on any not so good news.

[chinese investor] 04/2/2021 15:05

Dunno why it keeps rising !

[spqstrader] 04/2/2021 13:30

Our market cap is currently just over 10 million. A minimum 30 million settlement should see this fly to multiples of current share price.

[spqstrader] 04/2/2021 13:25

CI, Are you kidding? 15 million settlement for over 50 million investment, coupled with sig. government-enforced delays which reduced our operational activities, gas output and further gas revenue? Notwithstanding consequent shareholder dilution and MC reduction?Anything below 30 million would be criminal. We have a strong case to go to the EU court and the Slovenians know it. Our board need to be steadfast - we should have them by the balls.

[chinese investor] 04/2/2021 10:06

12p Soon !

[nash81] 03/2/2021 20:30

first time i bought AST when this was 120p (after capital reorganisation of course)

will this rise back up to 120p??

[chinese investor] 03/2/2021 13:06

I could be bluffing !