Ascent Resources Share Discussion Threads

[dongle features] 20/3/2021 11:44

The Slovenian Government won't be able to delay the Arbitration Court or else they will be paying penalties.

[nhs buyer] 20/3/2021 11:01

Reading the RNS again I actually notice that they say more than once that amicable agreement can't reach at PRESENT so does that mean such agreement could be reached at a later date rather than waiting for the court to decide?

I read a lot of frustration from holders here against the company, but really this should be directed towards the Slovenian government which always made matters very hard and I just trying my best not to say what I really think of them.

I still hold a punt here which I was fully aware that is less than 50 50 chance to be rewarding this time round, as such now it's going to the bottom drawer with hopes that something good will come out of it....eventually.

[chinese investor] 20/3/2021 10:26

Slovenia might allow us to hydraulically stimulate soon.
We are currently producing a maximum of 15,000 cubic metres of natural gas per day !

Here's some historical numbers to consider :-

INA (Croatia) Contract Minimum Per Day 63,031 cubic metres => £7,300
(12p per unrefined CM)
INA (Croatia) Contract Maximum Per Day 82,425 cubic metres => £10,000
(12p per unrefined CM)

Theoretical Maximum PG-10 Per Day 240,000 cubic metres
Theoretical Maximum PG-11A Per Day 60,000 cubic metres

[dandadandan] 20/3/2021 09:59

Good question set on LSE.

Why would someone pay out €100m when AST Mcap is just €14m?
Look at the wording on the RNS.

Someone wants this share price to dive on Monday morning.
Remember for every seller there has to be a buyer.

DDDD.

[chinese investor] 20/3/2021 09:11

Selected Shareholders :-

9.1% BWV Investments Limited

8.14% HBOS Investment Fund Managers Limited

2.74% Sebastian Marr

2.38% Mike Staten

1.74% Andrew Dennan (director) 1,900,000 £204.3k

0.57% W H Ireland Group plc 624,008 £67.1k

0.31% James Parsons (director) 341,947 £36.8k

[chinese investor] 20/3/2021 08:41

I expect a 7am RNS with information on our International Arbitration Strategy or the share price will open at 7p !

Have a good weekend y'all !

[chinese investor] 20/3/2021 08:30

Slovenia produces around 3,500,000 tons of coal per year.
A third of their energy needs !
This is stopping.
What is going to replace it ?

One ton of coal = 8 MWh.
(1 MWh = 100 CM) (actually it is 94.79)

So the annual energy Slovenia coal produces is 2.8 billion CM of natural gas !
This needs to be replaced with a green alternative.

PG-11A currently produces 3.6 million CM per year !
PG-10 currently produces 1.8 million CM per year !

Theoretical Maximum from the two is 110 million CM per year !

[chinese investor] 20/3/2021 08:15

Company presentation :-

[johnswan193] 20/3/2021 08:01

Absolutely thrilled this one went bad. Did not want the management to earn anything out of it and was happy to sacrifice my long term holding for that to happen.

[chinese investor] 20/3/2021 08:00

According to the European Day Ahead Market, natural gas is priced at 18 €/MWh.
(100 CM = 1 MWh) (actually it is 94.79)
So refined natural gas is priced at 0.18 €/CM.
So AST are getting approximately ten pence per cubic metre for its unrefined natural gas from INA (Croatia) !
(it was getting seven pence per cubic metre locally)

i.e. daily revenue from PG-11A is a maximum 1,000 euros a day.
daily revenue from PG-10 is 500 euros a day.

The cost of extracting is unknown !

[johncasey] 19/3/2021 21:01

dont forget they are getting revenues of £50k a month..and that might increase if they stimulate the wells...doubt if they are burning any cash,no bushmills to pay out either

[dusty101] 19/3/2021 20:49

Might take a punt if this drop under 5p. May not be that lucky but will watch over the next few weeks. Ascent have around 1 mill in the bank I believe. Court case could drag on a year or two but I hope Ascent can nail the rip off Slovenian barstewards.

[the stigologist] 19/3/2021 19:28

Maybe it takes one to know one ?

Try not to be a lickle snowflake because someone on the internet disagrees with you

[richie666] 19/3/2021 19:03

Hi Stig.Great to see what a bitter twisted hate filled scumbucket u still are.Made my eve.

[johncasey] 19/3/2021 17:38

i sold most of mine..got bitten by oxus gold so learnt my lesson

[chinese investor] 19/3/2021 17:25

SPREADEX were canny as well !

[the stigologist] 19/3/2021 17:11

The Align trading in this stock needs looking into

Stinks to high heaven

[jayrh] 19/3/2021 17:10

Oh dear timber Monday massively. Sorry for those that hold gl

[mick_oi] 19/3/2021 17:06

"The Company announces that, following a further letter from the State received today, an amicable settlement is presently not achievable and it expects to commence arbitration proceedings shortly. As part of direct pre-arbitration settlement discussions the Company had submitted a damages calculation to the State totalling significantly in excess of €100 million."

[chinese investor] 19/3/2021 17:05

"PG-11A well is now producing at approximately 7,500 - 10,000 cm/day" (1,200 euros)

In the golden days it was producing 40,000 cm/day (7,000 euros) !

[chinese investor] 19/3/2021 17:01

"The Company announces that, following a further letter from the State received today, an amicable settlement is presently not achievable and it expects to commence arbitration proceedings shortly."

[thetoonarmy2] 19/3/2021 15:32

God forbid this has gone down in price as a govt hasnt done what its said it would do on time. :)
Now if its gone down because they think the Directors are nobs well I can understand that. :):)

[dandadandan] 19/3/2021 10:59

Will a Non Exec Director speak up this weekend?

All we need is that RNS.

Hold the line and watch the trades.

DDDD.