Ascent Resources Share Discussion Threads

[toolsmoker] 30/3/2022 14:47

Government fracking meeting to decide if all fracking will be allowed. Just looking for the link and I will post

[chinese investor] 30/3/2022 14:24

Who is meeting who ?

[toolsmoker] 30/3/2022 14:19

Some fracking is legal ours is not .I believe there is another meeting today in regards to it if that is green lighted then ast will take off

[chinese investor] 30/3/2022 13:38

It looks like Enyo Law LLP are paying for the arbitration funding !
They must be confident !

"The Company continues to await fulfilment of the conditions precedent relating to the signed and binding damages based funding agreement for the international arbitration dispute and to demonstrate their confidence in the funding closure, the Directors and select other advisers have agreed that the Company will withhold 25% of their salaries and fees until the funding arrangement with Enyo Law LLP has completed."

[toolsmoker] 30/3/2022 13:21

Because of the costs .the Wells back online earning cash now I'd expect that is being done in regards to the claim

[chinese investor] 30/3/2022 11:03

Why didn't we do an impact assessment ?

[chinese investor] 30/3/2022 11:02

"In 2020 the UK energy company Ascent Resources brought an ISDS case against the Slovenian state for requiring it conduct an environmental impact assessment of a proposed fracking project.

The requirement came after members of the nearby Petišovci community petitioned the Slovenian authorities, concerned about the impact the project would have on a nearby water source.

Ascent told Sky News that the Slovenian government's position was “arbitrary and unreasonable” and was suing for €120 million in compensation using the Energy Charter Treaty's ISDS clause.

In January 2022 Slovenia backed down, passing a new law allowing limited fracking.

Friends of the Earth Slovenia said: “Petišovci fracking project clearly shows how energy companies are using the Energy Charter Treaty to extort governments and demand special treatment.

Instead of performing the needed impact assessment, Ascent Resources decided to sue Slovenia for more than a 100 million euros.

This is simply unacceptable; governments need to leave the ECT and protect our environment”."

[iceagefarmer] 21/3/2022 19:56

If you think energy prices are getting out of control in the U.S., just look at what they’re trading at in Europe.

The benchmark Dutch TTF natural gas contract shot up 47% to €283.43 per megawatt hour on Monday. That’s $522 per barrel of oil equivalent.

The lead Brent oil contract BRN00, 0.47% as trading up over $4 to $122.60 per barrel.

The surge comes as the U.S. and Western allies debate whether to impose sanctions on Russian oil. Russia also could make its own moves unilaterally, though at the cost of cutting off the hard currency it can’t otherwise receive now after Western sanctions.

Russia was the source of 45% of the European Union’s natural-gas imports last year, according to the International Energy Agency.

While Europe appears to have enough gas in storage to make it through the summer, Europe would have to cut demand by as much as 15% to make it through the next winter in the event of a full cutoff of Russian supply, said Peter Williams, an analyst at Evercore.

That could come by maximizing summer storage at elevated prices, reducing natural gas demand through conservation and a changing utility mix, and subsidizing producers, he said

[chinese investor] 21/3/2022 09:55

Here We Go !

[iceagefarmer] 20/3/2022 23:29

and directors are cutting back their wages too

[iceagefarmer] 20/3/2022 23:28

ascent are probably making £250k a month ,maybe more ...thats £3m a year..do the maths re market cap

[iceagefarmer] 20/3/2022 12:37

that was before the war kicked off...things are entirely different now since slovenia is basically a mini russian state..even the flags are identical

[chinese investor] 20/3/2022 12:11

March 2022 Statement :-

"The Company also notes recent proposed amendments to the Slovenian mining law, which, amongst other items, include further restrictions on hydraulic-stimulation with Slovenia now seeking to prohibit all forms of hydraulic stimulation for the purpose of exploration or exploitation of hydrocarbons."

It appears Slovenia will be banning all forms of fracturing and fracking !

[spary1] 20/3/2022 11:18

Just looking at QBT, next week should be results of testing the mining algorithms and as FG says we are looking about being the fast miner in the world, just need the news to show what we have and also patent news.

What do you recon iceagefarmer?

[chinese investor] 20/3/2022 11:13

Annual expenses is over £2 million - that's far too high !

[chinese investor] 20/3/2022 11:00

iceagefarmer,
This is the link I put in this bulletin board's header :-



It displays European Day Ahead prices !

[iceagefarmer] 20/3/2022 10:39

market cap £4.2m..i reckon 10 bagger at least soon

[iceagefarmer] 20/3/2022 10:37

latest prices in march 2022

AleaSoft Energy Forecasting
@AleaSoft_EN
·
Mar 2
So far, today the maximum intraday price of TTF gas has been €193.95/MWh, +59.40% compared to yesterday's settlement. In less than an hour it dropped to €145.00/MWh and at mid-morning it stabilised around €160/MWh.

so at €193.95/MWh ascents 905% increase is probably more like 1700% now....kerching! it can only go higher

[iceagefarmer] 20/3/2022 10:27

so if they said 905% increase in gas price in october 2021 what percentage increase the gas price now? i think we have a multibagger here soon..results out end of april

The Company notes recent significant increases in global gas prices. Central Eastern Gas Hub spot prices are currently circa Eur 105.0 / MWh whilst Central Eastern Gas Hub pricing for Q1 2022 futures are currently Eur 104.725 / MWh. This is an 905% increase from the EUR 11.4 / MWh price as set out in the Company's 10 September 2020 announcement.

[iceagefarmer] 20/3/2022 10:24

RNS Number : 5613O

Ascent Resources PLC

11 October 2021

11 October 2021

Ascent Resources plc

("Ascent" or the "Company")

Update on Gas Price and Slovenian JV Partner Discussions

Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to update on gas prices at its Petisovci gas project in Slovenia.

The Company notes recent significant increases in global gas prices. Central Eastern Gas Hub spot prices are currently circa Eur 105.0 / MWh whilst Central Eastern Gas Hub pricing for Q1 2022 futures are currently Eur 104.725 / MWh. This is an 905% increase from the EUR 11.4 / MWh price as set out in the Company's 10 September 2020 announcement.

The Company now expects, at current gas prices and production levels, the PG-10 and PG-11A production wells to generate net production revenues (after extraction, processing and handling costs) of at least Euro 100,000 per month, net to Ascent.

Furthermore, the Company is also delighted to announce that, following a recent Operating Management Committee meeting and partner engagement process in Slovenia, it is aligned with its JV partner on key workstreams including the long term concession extension, environmental impact assessment and permitting to re-stimulate the PG-10 and PG-11A wells. The Company is also in constructive dialogue with its JV partners in Slovenia regarding the resolution of all disputed legacy matters and the restructuring of certain production costs. Further announcements will be made in due course

[chinese investor] 20/3/2022 08:43

My Share For 2022 !

[chinese investor] 20/3/2022 08:42

"almost 13 billion cubic metres" !

That's quite a lot !