Ascent Resources Share Discussion Threads

[chinese investor] 14/10/2022 14:54

Natural Gas price dropping dramatically!

[keithlorna] 14/10/2022 08:51

These are starting to look very cheap. Just to confirm, we are waiting for a 1.2m payout plus another 4m and then there's the 500m Slovenian law suit. If we get 10 percent of what's promised to us these will rocket

[digger2779] 06/10/2022 15:25

Looks like more buys than sells and the mm's marking it down. It's about time Geoenergo coughed up being as they have already agreed our entitlement.

[bad gateway] 06/10/2022 15:18

Presume the EUR1,227,617 is being with held by Geo whilst they mediate with their subsidiary (the contractor)?
A lot of money to come just on current ops end of year but blood out of a stone comes to mind.

[chinese investor] 06/10/2022 13:00

Ascent and Geonergo have agreed that Ascent is entitled to a EUR857,617 payment for the 1H 2022 gas sales revenues, which accrues interest at a rate of 9% per annum while Ascent awaits receipt of payment of these agreed but outstanding amounts.

Additionally, Ascent has accrued a further amount owed to it of circa EUR370,000 for production through Q3.

The current balance owed to Ascent, as at end September, for the PG-10 and PG-11A wells, is estimated to be circa EUR1,227,617 and this figure is expected to increase monthly by approximately EUR100,000 / month assuming forward production of 100,000scm/month and a gas price of EUR100/MWh.

Ascent and Geoenergo have now completed the high court judge-supervised mediation process and Ascent has today initiated arbitration proceedings against Geoenergo to seek a binding and enforceable resolution, which was not available through mediation.

The arbitration process is targeting immediate payment to Ascent of its share of the 2022 PG-10 and PG-11A hydrocarbon sales revenues agreed with Geoenergo but currently withheld by it, the timely payment of all future invoices, and a binding resolution on which wells are included in Ascent's revenue entitlement.

Ascent has a total claim in excess of EUR4M and expects to make material progress on this domestic arbitration process ahead of the year end.



Once matters are resolved with Geoenergo, Ascent expects to be able to rapidly conclude disputed matters with Petrol Geo, the JV's operating service provider.

However, in the meantime, Ascent expects during Q4 to enter into a mediation process with Petrol Geo in relation to Ascent's planned contractual default, as announced 28 May 2020, relating to an amount of circa EUR230k owed to Petrol Geo for services provided in 2019 as well as in relation to invoices rejected by the JV on a monthly basis since April 2020, totalling circa EUR1.4M.

[chinese investor] 05/10/2022 11:29

European Day Ahead Natural Gas Prices Are Crashing (See Header) !

[chinese investor] 01/10/2022 12:51

Will the remaining gas pipes from Russia be blown up ?

[bencook1] 28/9/2022 14:25

Got to be coming surely

[digger2779] 28/9/2022 14:19

About time they released that there handbrake, oh and released news that the next payment is in the bank.

[gcinvestor] 28/9/2022 09:04

9am handbrake

[gcinvestor] 27/9/2022 16:24

Decent volume today! Looks like plenty adding and taking a position. Will move nice on the next claim updates especially with settlement payments received and outstanding

[bad gateway] 27/9/2022 09:47

Excellent and after paying off AST they'll still have €4.5 billion left.

[chinese investor] 27/9/2022 09:15

"The Slovenian government is planning measures worth nearly €5 billion to fight the energy crisis in 2023, Prime Minister Robert Golob announced in parliament on Monday (26 September)."

[bencook1] 27/9/2022 08:42

It's coming!

[bad gateway] 27/9/2022 08:27

Monster volume for half 8. Must be a development on the way I'd of thought?

[bencook1] 27/9/2022 08:24

10m traded now! 1.5m buyer happy to take on all sellers

[gasman19] 27/9/2022 08:17

Volume going absolutely ballistic here 6 million shares traded in first few minutes.

[toolsmoker] 26/9/2022 21:25

Someone's been on the crack pipe

[gcinvestor] 26/9/2022 19:23

Ba-da-ba-da-ba-be bop bop bodda bopeBop ba bodda bopeBe bop ba bodda bopeBop ba bodda Ba-da-ba-da-ba-be bop ba bodda bopeBop ba bodda bopeBe bop ba bodda bopeBop ba bodda bope

[gasman19] 26/9/2022 18:15

Tried topping up this afternoon kept on going to no trade surely news isn’t that far away maybe this week?

[regandharry5] 26/9/2022 16:26

MKT cap is still only £8 million. Cheap as chips.

[bencook1] 26/9/2022 16:24

GAS LEAK BABY

[gcinvestor] 26/9/2022 16:11

Shut the front door!

[bencook1] 26/9/2022 15:43

Looks like it went well with all the unexpected vol. Years high close would be good! Yeah 10p easy on good news