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[dodd5y] 28/9/2023 07:11

RNS!!!!!!! Pretty good read

[linesal2] 26/9/2023 12:42

yes I did see something along those lines but no idea of the facts.

[chinese investor] 26/9/2023 12:36

I thought it was only wells PG-10 and PG11A that were being utilised.
It now appears gas has been being extracted from all of the other wells with AST getting no revenue from them !

[linesal2] 26/9/2023 11:49

Doubt they will let it go the full range, As the costs will increase along with the interest. these are usually settled out of court and I doubt this will be any different. Slovenia is always stiffed by its own government officials (they have a track record). the way AST has been treated is outrageous and no court will find against AST, and the cancelation of any type of fracking was the slam dunk.
so they actually paid £50m+ for a piece of land that they said they could extract the gas and then would not allow them to, but kept them stringing along for years without making a decision, when any information was available it was given to the press firstly not AST. and granting permission to build a new plant but not give permission to re-stimulate the existing wells was just a way to stick their fingers up to AST, We will have the last laugh and sooner rather than later. AIMHO

[chinese investor] 26/9/2023 08:43

The average duration for a ICSID tribunal is just under three years !
We've just past the one year anniversary !

[linesal2] 25/9/2023 15:39

I fully expect a proposal from the Slovenians in the short term, It will be a stupid offer but it will come and be a starting of the cycle. The arbitration lag has something to do with it. AIMHO

[linesal2] 23/9/2023 08:24

The initial payment has been made, but the remainder will come from the damages claim as a percentage of the INSURED POTENTIAL COSTS (NOT A PERCENTAGE OF THE CLAIM itself, so it WILL BE SIGNIFICANTLY LOWER)It does seem to show confidence in winning the case imho.

[dodd5y] 22/9/2023 20:51

Nice little step up today. I think the next few months will be exciting. Bought a few on the way down to top up holding

[ulsterman73] 22/9/2023 16:07

So what ballpark figure realistically are they likely to be happy with?
They said significantly less... What, 50 percent...25percent. Just have to wait

[bad gateway] 22/9/2023 15:37

"The upfront portion of the premium payable on the policy is financed via the damages-based agreement to appoint Enyo Law LLP, which has been modified to allow the insurer to receive a deferred contingent premium (calculated as a percentage of the notional amount that the policy covers) which is payable out of the damages received in the event of a successful claim."

Are they saying in the above they haven't had to pay the premium and that the insurer has agreed to take a cut out of the winning instead for its fee?
Pretty confident of the insurer if so.

[linesal2] 22/9/2023 15:13

Really!!! The case could have gotten through out if AST could not prove they could cover the costs.

[ldbart] 22/9/2023 13:53

But you don't seek ATE insurance if you are confident of a win either...

[digger2779] 22/9/2023 13:41

I know it's a separate issue but I wonder if today's news will give the ongoing EUR3.5M+ arbitration claim against our Slovenian JV partner a bit of impetus? That has been "imminent" since 8th August so lets hope we get some decent news on that, dare I say soon!!!

[regandharry5] 22/9/2023 13:21

I'd be happy with 10% of the claim.

[linesal2] 22/9/2023 12:28

yes, it is getting closer and another potential issue closed out. The ball is firmly with Slovenia, IMHO they do not have a leg to stand on as the evidence is HUGE!

[zen12] 22/9/2023 12:26

Slovenian gov must now be very worried, deal coming?

[regandharry5] 22/9/2023 12:24

10p coming

[linesal2] 22/9/2023 12:22

You don't get insurance if the risk is too high! great news.

[digger2779] 30/8/2023 13:14

"Given that Ascent is expecting imminently the result of its EUR3.5M+ arbitration claim against its JV partner in Slovenia, "

The above quote taken from the RNS of 8th August....it's that word again... imminently lol

[linesal2] 01/8/2023 10:56

OBVIOUSLY WON'T ACCEPT THE FIRST OFFER SO SHOULD HAVE SOME FUN FOR A COUPLE OF WEEKS ONCE THEY DO OFFER A SETTLEMENT/ IF THEY DO.

[chinese investor] 01/8/2023 09:17

So the Slovenian Government are currently reading our case.
They could be willing to make a deal with us at anytime !

[impulse21] 28/7/2023 10:38

Great article mate. Top man.