Ascent Resources Share Discussion Threads

[iceagefarmer] 19/10/2023 23:10

i wonder what colin is doing these days? did he retire ?

[dodd5y] 19/10/2023 18:56

https://youtu.be/Bh3pordQqWQ?si=meIpauzMM20AhPDD

[flaart] 19/10/2023 16:20

Yes, look at the last few RNS. Investor at 3.5p £1.5m

[thetoonarmy2] 19/10/2023 16:15

Am I reading that right someone has taken a 20% stake?

[chinese investor] 19/10/2023 15:54

Interesting RNS !

[linesal2] 11/10/2023 18:12

Agree, think we have a bod that is clued up rather than gung ho, With a low share issue this will move fast on any positive news.

[bad gateway] 11/10/2023 13:29

Does take away the chance of Slovenians being able to bankrupt the co, rather than be forced through the courts by them.
Good move by AST imo.

[linesal2] 11/10/2023 12:47

Nice to see the funds are here this time,£1.5m very nice.

[linesal2] 04/10/2023 16:08

It is going to be an interesting month, especially the last 2 weeks, might top up again this week before the volume starts...

[linesal2] 03/10/2023 16:22

Maybe he was focused on pg10-11 and did not realize? Needless to say, it will not bode well for Slovenia if they are found liable/deception... another black mark against a very corrupt Slovenian organization (that was).

[chinese investor] 03/10/2023 15:07

Why wasn't AST on to this in Colin's day ?

[chinese investor] 03/10/2023 15:03

Final Results

"The revenue recognition dispute has been through a mediation process in September 2022, following which in December 2022 the Company raised some new equity proceeds to lodge its arbitration claim against Geoenergo in pursuit of a binding and enforceable resolution to this matter as well as resolution over ASL and Geoenergo's different interpretations of the joint venture contract relating to ASL's entitlement to hydrocarbons produced above a contractual base line performance profile whilst ASL is in a preferential cost recovery mode (i.e. until it has earnt its investment back).

The arbitration is in process and has a long stop date, according to the Ljubljana Arbitration Centre rules, of 26 October 2023 to reach a binding result.

The Company expects to make meaningful progress on this claim in the summer months of 2023, with the Company and its in country legal advisors remaining confident in the merits of ASL's claims which seek payment for in excess of EUR3 million from Geoenergo over the last three years.

The tribunal hearing to decide on entitlement happened in June 2023 and the decision is expected to be rendered shortly."

[chinese investor] 03/10/2023 14:56

Final Results

"Resolved partner dispute in Slovenia and received EUR1.7 million relating to production from January 2022 through to February 2023 and recognised EUR1.4 million of production related costs which corresponds to all outstanding service provider costs claimed since 2019 through to February 2023, with the amount being paid being a discount of approximately 30% to the amounts claimed"

[chinese investor] 03/10/2023 14:52

30 May 2023

"The Company is pleased to also update shareholders that the revenue recognition arbitration hearing against its JV partner, Geoenergo, is now scheduled for two days in mid-June.
This arbitration relates to the parties' different interpretations of the application of the baseline production profile and the number of wells ASL is entitled to receive a portion of revenues from whilst it is in a preferential cost recovery mode.
The Company and its legal advisors strongly believe in the merits of its legal case, where it is pursuing partners for EUR3+ million of revenue as previously announced."

[toolsmoker] 03/10/2023 14:48

Looks like it's about to tick up again .back to 4p for starters. Lets see that 3 mill claim come in and we will be back at 6p

[chinese investor] 03/10/2023 09:59

Slovenia must now realise AST are not going to run out of money !

[toolsmoker] 03/10/2023 07:35

Fully funded now all the way through to the completion of large claim .whoever gave them the cash clearly feels very positive we get a good result

[linesal2] 03/10/2023 07:26

Time for more research by me lol. good to get investment though.

[chinese investor] 03/10/2023 07:08

Intriguing !

[linesal2] 01/10/2023 12:53

current mcap circa £4m, if we got 50% (£300M) of the claim the mcap would be in the dream spectrum, well worth a punt and put in the bottom draw for anyone but not going to be at this level for too long imho it is a risk but for what I have witnessed over the last 5 years it is a no brainer (but I am obviously biased).

[linesal2] 01/10/2023 12:41

They will come!

[dodd5y] 01/10/2023 08:33

With the claim climbing day by day it's crazy they are not making a low offer to make us go away.

[linesal2] 28/9/2023 15:07

There are lots sitting on the fence, results are a bit better than I expected and confidents seems high regarding arbitration and the main claim. just need time and allwill come. imo