Ascent Resources Share Discussion Threads

[dealer55] 17/8/2022 17:05

Bit disappointing after 2 RNS a charge to 6.30. Roll on tomorrow.

[chinese investor] 17/8/2022 16:34

That was at a time Ascent was investigating holes in Hungary, Switzerland, Italy and everywhere else in the world.
But to no avail !

The most I ever paid was £2.56 !
That was in 2015 !

p.s. If we do get £500 million then the share price would multiply fifty fold and my £1,800 holding would be worth £90,000 which I would put towards my next energy bill !

[epo001] 17/8/2022 15:49

Looking at the HL share price history there was a time about 2007 when this was over £440/share. (Multiplies holding by £440. That would sort out the electricity bill!)

[chinese investor] 17/8/2022 15:06

I have had a quick look at the Final Results (to December 2021) and I didn't find any nasties.
A bit of borrowing (£536,000) half of which is being repaid in six equal installments (beginning February 2023).
A bit of provision -> decommissioning wells (£312,000).
That's the non current liabilities !

I'm investigating the current liabilities (£1,225,000) !

[chinese investor] 17/8/2022 13:59

With these new natural gas prices (twenty times the traditional price) it is almost certainly worthwhile opening up every well WITHOUT stimulation.
Things will be clearer in September.

[chinese investor] 17/8/2022 13:53

There is a chance the newly elected green Slovenian government will want to settle quickly out of court and limit their losses.

[epo001] 17/8/2022 11:22

Yes, I know :-) Funny how it went from "corpse left hanging on the gibbet as an example to the others" to "ooh! This might be going somewhere" in a few days. Total amount only about 1% of my ISA but it adds some interest to the day.

[wisteria2] 17/8/2022 11:07

Its never a loss until u actually sell your shares, and the chances are you will soon be looking at a percentage gain >>> gla

[epo001] 17/8/2022 10:53

Added another 10K shares, loss now down to 40%. Woo hoo! (Am I doing this right?)

[wisteria2] 17/8/2022 09:25

Jonathan Summers !

[chinese investor] 17/8/2022 08:55

Good question silver !
I never did get an answer from Colin when I asked him what the difference was !
Recently it appeared to be 70% but the CEO is now suggesting a much higher figure !

[silvergreyhead1] 17/8/2022 08:48

Is that 220 for treated gas though what is it for untreated?

[toolsmoker] 17/8/2022 08:25

3 to 5 m damages one payment .same as the previous 1.8 m

[chinese investor] 17/8/2022 08:24

We are a viable profitable company without the need to hydraulically stimulate !

The September announcement concerning the other wells could be a game changer !

[bad gateway] 17/8/2022 07:57

£3 million annually's not to be sniffed at. Wouldn't complain about that with a £30m marketcap co.

[chinese investor] 17/8/2022 07:45

Here are some historical numbers :-

INA (Croatia) Contract Minimum Per Day 63,031 cubic metres => £10,000
(17p per unrefined CM)
INA (Croatia) Contract Maximum Per Day 82,425 cubic metres => £14,000
(17p per unrefined CM)

Theoretical Maximum PG-10 and PG-11A is 300,000 cubic metres per day

[chinese investor] 17/8/2022 07:15

100 Cubic Metres = 1 MegaWatt Hour !

Current Spot Price is for natural gas is 220p per CM !
(It was 9p a couple of years ago - September 2020)

We are producing 100,000 CM every month from the two main gas wells !

That is just south of £3 million annually if you include all of the wells !

[toolsmoker] 16/8/2022 21:11

The three other Wells he will be getting damages for like these first other two .I believe in excess of 3 to 5 million euros some time in sep

[silvergreyhead1] 16/8/2022 19:26

It does seem that Dennan has sort of decided enough is enough. And he's got Geo talking to Ascent which is great to see.Hopefully he has shareholder value in the forefront of his mind.

[chinese investor] 16/8/2022 18:34

Reserves !
456 Bcf !
13 Bcm !
220p per cm !
£28 billion !

[chinese investor] 16/8/2022 17:46

Tima,
Great interview - thank you !

So we are claiming additional revenues from the other wells in September ?
I thought the other wells were dormant !
That is great breakthrough news !

There may be another government in Slovenia (April 2022) but the new one is ultra green !

[razoblade] 16/8/2022 16:22

Chinese knows Ive been here much longer than most other posters.

I personally think they will have to settle due to Slovenia gas agreement with other EU states 2023 which passes through our concession area (Courts can halt this development). Also the 5 years of Russian gas agreement comes to an end in 2023.

I would be happy with 75 million but I think due to current gas and oil prices, Slovenia has just made it worse for themselves as now the bar has risen high for Ascent to demand more.

[chinese investor] 16/8/2022 15:21

Price of gas currently zooming up !