Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Resources LSE:AST London Ordinary Share GB00BZ16J374 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025p -2.86% 0.85p 8,544,685 11:23:53
Bid Price Offer Price High Price Low Price Open Price
0.80p 0.90p 0.90p 0.825p 0.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.81 -1.97 -0.10 19.3

Ascent Resources (AST) Latest News

More Ascent Resources News
Ascent Resources Takeover Rumours

Ascent Resources (AST) Share Charts

1 Year Ascent Resources Chart

1 Year Ascent Resources Chart

1 Month Ascent Resources Chart

1 Month Ascent Resources Chart

Intraday Ascent Resources Chart

Intraday Ascent Resources Chart

Ascent Resources (AST) Discussions and Chat

Ascent Resources (AST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:39:470.8541,883356.01O
12:26:470.88114,1621,004.63O
12:25:470.8821,333187.73O
11:48:020.844,17335.09O
11:12:270.84160,6611,346.34O
View all Ascent Resources trades in real-time

Ascent Resources (AST) Top Chat Posts

DateSubject
18/9/2018
09:20
Ascent Resources Daily Update: Ascent Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AST. The last closing price for Ascent Resources was 0.88p.
Ascent Resources has a 4 week average price of 0.65p and a 12 week average price of 0.30p.
The 1 year high share price is 2.65p while the 1 year low share price is currently 0.30p.
There are currently 2,268,810,686 shares in issue and the average daily traded volume is 17,698,569 shares. The market capitalisation of Ascent Resources is £19,284,890.83.
23/8/2018
10:26
chinese investor: "Ascent provided an operational update on 5 April 2018 indicating that operational issues relating to the Pg-11A well had reduced production to circa 1.4 mmcf/d from 2.5 mmcf/d in the prior month. We had been anticipating a modest production rise over the course of 2018 to 3.0 mmcf/d. We have lowered our production estimates from the company’s first two wells out until 2H 2019, reducing our fair value estimate modestly (by 0.05 p/sh). We have pushed out the date at which we anticipate the company will have commissioned a new gas plant and the related sales growth by three months to Jan 2020, which reduced our fair value estimate modestly (by 0.06p/sh). We have reduced our chance of success factor (a WHI estimate to reflect the probability that the Petisovci wells will produce consistently with the assumptions in our model) to 50% from 67%, to reflect the complications at the Pg-11A well, which reduced our estimate of fair value by 0.66p/sh. We ascribe the company with a fair value of 2.34p/sh (from 3.11p/sh before putting our estimates under review of 5 April 2018). Operational challenges: The implications of operational challenges are well-specific and, in our opinion, have no read-across on the scale of the resource potential at Petisovci. The current impediments to production consist of a stuck mandrel (tubular assembly) and water having flooded the hole, the pressure(weight)of which is impeding the flow of gas. The mandrel is effectively impeding the regular pumping out of the downhole water. Pg-10 Well: Ascent indicated that the Pg-10 well is producing in line with expectations, which implies that the only well that is actually testing the productive characteristics of the Petisovci field is providing data that supports the success-case resource estimates assumed in our valuation. IPCC Permit: Ascent indicated that the baseline report required for the IPCC Permit has been completed and is due for submission on 6 April 2018. We therefore note that permitting is progressing and all indications suggest the Slovenian authorities (Environment Agency, Environment Minister and Administrative Court) continue to support the company’s intention of building a gas plant. As a reminder, the gas plant is intended to allow the company to produce gas into the local Slovenian market at a price that is 47% higher than the company is currently achieving by exporting gas to Croatia. Gas Prices: Ascent indicated that it achieved a gas price of €8.75/mcf in March, up 29% from the prior year. This price compares to our assumption of €4.20/mcf for 1H 2018(weighted average price assumption). We recognise that the March period has been particularly cold and that summer pricing will likely be lower than the cited March price; nevertheless, the exceptionally strong pricing environment should potentially mitigate the effect of the lower than expected volumes. On balance: Whereas we had anticipated two wells to provide production data to support our estimates and validate the greater potential of the field (5.79p/sh), so far one well is providing supportive data and the other well suggests that operational risk are potentially higher than we had anticipated. Based on our success-case estimates, the Petisovci field could produce for a decade at circa 35 mmcf/d from 15-28wells at any one time. Therefore the operational set-backs related to a single well in this context would be taken in stride;for now it is unfortunate that a well specific issue can affect half of the company’s production. It is also unfortunate that an operational issue is affecting the entire well because the multiple horizons within the Petisovci field do allow each well to have 2 to 3 productive lives (one for each set of perforated horizons that the company intends to produce together) creating something of a soft landing for many operational/production challenges. Updated field development plan: An update is provided in the figure below (essentially unchanged apart from a modest timing difference and lower near-term production). This figure provides perspective on the current proof of concept phase in relation to the real prize: a steady period of high-visibility growth followed by along period of plateau production. Share price: Whilst recognising the operational set-back at the Pg-11A well, we believe the company’s share price of 0.88p/sh currently represents a compelling opportunity vs. our 2.35 p/sh fair value estimate and our 5.79 p/sh success-case valuation. We believe that there has been an inordinate focus on the negative implications of developments without sufficient appreciation of the progress made by the company (achieving first gas sales, success at Pg-10 and the progression of the IPCC permit) and the various fortunate developments such as the strengthening price of gas in Europe."
23/8/2018
00:25
bon voyage: Which way is AST share price going to move as September arrives ? "Nothing guaranteed" as noted in the recent stunning RNS. But if the IPPC and a DEAL were guaranteed the share price wouldn't be hovering at less than a penny. But ... CH goes part time ... there's "renewed optimism" for IPPC in September ... better prospect of well permits being granted in a timely manner ... a handful of Companies are still in deal making discussions. With an estimated £120,000 coming in every month (my estimate), Ascent Resources is pretty undervalued presently. So how much would a buyer be prepared to pay for AST ? (bearing in mind the multiple wells and reserves that are waiting to be developed). If I was an auctioneer I'd start the bidding at £120 million. (No bidders?) Ok £100 million. (Bargain hunters!) Ok let's get started £80 million. Interesting times. An outright sale or JV isn't guaranteed but plenty of indicators are pointing in that direction.
08/8/2018
13:12
chinese investor: Monday's RNS will go down in history as one of the most disastrous RNSs of all time ! It would have been better if there had been several RNSs - the first stating the administration and operating costs were going to be slashed. That would have got the share price over 1p ! The next RNS could have dealt with PG-10 and PG-11A - if the RNS had stated the revenue was continuing to be greater than the costs (which is true) then there would have been no adverse effect on the share price. In subsequent podcasts Colin said PG-10 would be alright until the end of the year. That's enough time for us to get our "stimulating" permits. Also our revenues are going to increase greatly as the weather gets colder (possibly two fold). The last RNS should have been about the permits but not written in the style of Monday's RNS. That part of the RNS was written in a fit of frustration and petulance.
06/4/2018
12:59
chinese investor: "Ascent provided an operational update on 5 April 2018 indicating that operational issues relating to the Pg-11A well had reduced production to circa 1.4 mmcf/d from 2.5 mmcf/d in the prior month. We had been anticipating a modest production rise over the course of 2018 to 3.0 mmcf/d. We have lowered our production estimates from the company’s first two wells out until 2H 2019, reducing our fair value estimate modestly (by 0.05 p/sh). We have pushed out the date at which we anticipate the company will have commissioned a new gas plant and the related sales growth by three months to Jan 2020, which reduced our fair value estimate modestly (by 0.06p/sh). We have reduced our chance of success factor (a WHI estimate to reflect the probability that the Petisovci wells will produce consistently with the assumptions in our model) to 50% from 67%, to reflect the complications at the Pg-11A well, which reduced our estimate of fair value by 0.66p/sh. We ascribe the company with a fair value of 2.34p/sh (from 3.11 p/sh before putting our estimates under review of 5 April 2018). Operational challenges: The implications of operational challenges are well-specific and, in our opinion, have no read-across on the scale of the resource potential at Petisovci. The current impediments to production consist of a stuck mandrel (tubular assembly) and water having flooded the hole, the pressure (weight) of which is impeding the flow of gas. The mandrel is effectively impeding the regular pumping out of the downhole water. Pg-10 Well: Ascent indicated that the Pg-10 well is producing in line with expectations, which implies that the only well that is actually testing the productive characteristics of the Petisovci field is providing data that supports the success-case resource estimates assumed in our valuation. IPCC Permit: Ascent indicated that the baseline report required for the IPCC Permit has been completed and is due for submission on 6 April 2018. We therefore note that permitting is progressing and all indications suggest the Slovenian authorities (Environment Agency, Environment Minister and Administrative Court) continue to support the company’s intention of building a gas plant. As a reminder, the gas plant is intended to allow the company to produce gas into the local Slovenian market at a price that is 47% higher than the company is currently achieving by exporting gas to Croatia. Gas Prices: Ascent indicated that it achieved a gas price of €8.75/mcf in March, up 29% from the prior year. This price compares to our assumption of €4.20/mcf for 1H 2018 (weighted average price assumption). We recognise that the March period has been particularly cold and that summer pricing will likely be lower than the cited March price; nevertheless, the exceptionally strong pricing environment should potentially mitigate the effect of the lower than expected volumes. On balance: Whereas we had anticipated two wells to provide production data to support our estimates and validate the greater potential of the field (5.79p/sh), so far one well is providing supportive data and the other well suggests that operational risk are potentially higher than we had anticipated. Based on our success- case estimates, the Petisovci field could produce for a decade at circa 35 mmcf/d from 15-28 wells at any one time. Therefore the operational set-backs related to a single well in this context would be taken in stride; for now it is unfortunate that a well specific issue can affect half of the company’s production. Share price: Whilst recognising the operational set-back at the Pg-11A well, we believe the company’s share price of 0.88 p/sh currently represents a compelling opportunity vs. our 2.35 p/sh fair value estimate and our 5.79 p/sh success-case valuation. We believe that there has been an inordinate focus on the negative implications of developments without sufficient appreciation of the progress made by the company (achieving first gas sales, success at Pg-10 and the progression of the IPCC permit) and the various fortunate developments such as the strengthening price of gas in Europe."
03/10/2017
10:45
brando69: the only thing i find more depressing than the suppression of the ast share price is seeing LH as the most recent poster every time i look in.
19/8/2017
01:44
temmujin: News on Ascent has been filtering through to me via various contacts/sources for the last 3 months or so. News that if it comes to fruition would be transformational for the Company. Most investors/traders are eagerly awaiting their Slovenia gas asset coming onto production, agreements necessary to allow commercial gas production to commence as early as January 2017 are now in place. Once production starts then this is seen by most as a driver of their sp, but what most do not know is that Ascent were or are being lined up as a target by a well known group of proven oil & gas Big Hitters with massive institutional and retail backing for what in effect could be transformational for the Company and its share-price. That is why I am invested in Ascent. 1_12HOjEVCDH9oik_bMObYnAThere are various names associated with this play, I’ve spoken to many sources some who I know are involved all are very edgy as to how I came to get knowledge of such a deal that was/is supposed to be kept ‘Tight’. Out of deference to those thought to be rumoured to be associated and involved in what I call the ‘Putsch’ I will not at this stage name them as I believe that the deal, if my sources are correct, hangs in the balance and has a 50/50 chance of realisation. The sticking point could be the amount of convertible loan notes that are currently outstanding. What’s interesting is that sources are telling me that the Slovenia assets were looked at prior to Ascent getting them, by the CEO of a now highly successful mid cap oil & gas producer who at the time 2008/9 wasn’t in a position to acquire them. They believe now that there could be multiple TCF potential deeper down within the Petisovci reservoirs, which is why the failed Cadogan Petroleum (LON: CAD) takeover approach came to be, that approach eventually blew up due to the AST share price rocketing to over 7p. There’s lots of speculation on the share price potential out there. One broker (who must be a part time glue sniffer) has a 33p target for this year. Cutting through such utter nonsense I’d look at 5/6p being achievable on gas production and 10p if the ‘Putsch’ is successful. Remember as ever it’s your money and your responsibility. Derisk on the way up. Because it is going up in 2017.
31/7/2017
11:17
760il: CLN cleared !!!!!!!!!!!! LSE:AST OKSearch Ascent Resources Share News (AST) 2 Share Name Share Symbol Market Type Share ISIN Share Description Ascent Resources LSE:AST London Ordinary Share GB00BZ16J374 ORD 0.2P Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade +0.05p +2.11% 2.425p 2.35p 2.50p 2.475p 2.35p 2.375p 22,041,832 09:42:03 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Oil & Gas Producers 0.0 -2.7 -0.5 - 49.12 Print Alert Ascent Resources PLC Conversion of final 2014 convertible loan notes 31/07/2017 11:13am UK Regulatory (RNS & others) Ascent Resources (LSE:AST) Intraday Stock Chart Today : Monday 31 July 2017 Click Here for more Ascent Resources Charts. TIDMAST RNS Number : 5793M Ascent Resources PLC 31 July 2017 Ascent Resources plc ("Ascent" or the "Company") Conversion of the final remaining 2014 Convertible Loan Notes Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, has received a notice of exercise ("the Notice") to convert 1,204,305 convertible loan notes of GBP1 each: - 185,185 of which were issued in May 2013 as part of an open offer to all shareholders (the "2013 Loan Notes") and the terms of which were amended in February 2015 and October 2016. The 2013 Loan Notes, including rolled up interest, are convertible into new Ordinary Shares at a rate of 100 new Ordinary Shares per GBP1 loan note. - 1,019,120 of which were issued to Henderson Global Investors and EnQuest plc between February 2014 and July 2015 (the "2014 Loan Notes") and the terms of which were amended in February 2015 and October 2016. The 2014 Loan Notes, including rolled up interest, are convertible into new Ordinary Shares at a rate of 100 new Ordinary Shares per GBP1 loan note. Consequently, a total of 121,609,758 new Ordinary Shares ("the Conversion Shares") will be issued pursuant to the Notice. Following the above conversion, the 2014 Loan Notes, which were originally issued to Henderson Global Investors and EnQuest plc in February 2014, have been fully converted. The GBP49,423 nominal convertible loan notes (including rolled-up interest) that remain outstanding all comprise loan notes subscribed for by shareholders as part of the open offer in May 2013. Admission and Settlement
23/7/2017
20:38
temmujin: bid coming! ASCENT RESOURCES. POTENTIAL 2017 MEGA RISE! WATCHLIST NOW! BY DAN LEVI · 5 JANUARY, 2017 Ascent_LogoIt’s a long convoluted process trying to get credible information on target companies such as Ascent Resources (LON: AST). The process involves a myriad of avenues one has to go down, some lead you into a ‘cul-de-sac217; while others leave you tantalisingly close but just not quite there to firm up the whispers. Then you’ve always got to cross-reference and double, ‘double’ check that you’re not being spoon-fed company ramps. Which is why you don’t get industrial scale blogs from ‘yours truly’. Anyone releasing industrial scale diatribes on a daily basis should be treated cautiously. More often than not there’s some form of clandestine ‘Brown Envelope’ involved between the parties. News on Ascent has been filtering through to me via various contacts/sources for the last 3 months or so. News that if it comes to fruition would be transformational for the Company. Most investors/traders are eagerly awaiting their Slovenia gas asset coming onto production, agreements necessary to allow commercial gas production to commence as early as January 2017 are now in place. Once production starts then this is seen by most as a driver of their sp, but what most do not know is that Ascent were or are being lined up as a target by a well known group of proven oil & gas Big Hitters with massive institutional and retail backing for what in effect could be transformational for the Company and its share-price. That is why I am invested in Ascent. 1_12HOjEVCDH9oik_bMObYnAThere are various names associated with this play, I’ve spoken to many sources some who I know are involved all are very edgy as to how I came to get knowledge of such a deal that was/is supposed to be kept ‘Tight’. Out of deference to those thought to be rumoured to be associated and involved in what I call the ‘Putsch’ I will not at this stage name them as I believe that the deal, if my sources are correct, hangs in the balance and has a 50/50 chance of realisation. The sticking point could be the amount of convertible loan notes that are currently outstanding. What’s interesting is that sources are telling me that the Slovenia assets were looked at prior to Ascent getting them, by the CEO of a now highly successful mid cap oil & gas producer who at the time 2008/9 wasn’t in a position to acquire them. They believe now that there could be multiple TCF potential deeper down within the Petisovci reservoirs, which is why the failed Cadogan Petroleum (LON: CAD) takeover approach came to be, that approach eventually blew up due to the AST share price rocketing to over 7p. There’s lots of speculation on the share price potential out there. One broker (who must be a part time glue sniffer) has a 33p target for this year. Cutting through such utter nonsense I’d look at 5/6p being achievable on gas production and 10p if the ‘Putsch’ is successful. Remember as ever it’s your money and your responsibility. Derisk on the way up. Because it is going up in 2017.
25/4/2017
00:04
temmujin: Malcolm Graham-Wood is Interviewing Colin tomorrow and James parsons. http://tinyurl.com/jhn6cxa Most investors/traders are eagerly awaiting their Slovenia gas asset coming onto production, agreements necessary to allow commercial gas production to commence as early as January 2017 are now in place. Once production starts then this is seen by most as a driver of their sp, but what most do not know is that Ascent were or are being lined up as a target by a well known group of proven oil & gas Big Hitters with massive institutional and retail backing for what in effect could be transformational for the Company and its share-price. That is why I am invested in Ascent. 1_12HOjEVCDH9oik_bMObYnAThere are various names associated with this play, I’ve spoken to many sources some who I know are involved all are very edgy as to how I came to get knowledge of such a deal that was/is supposed to be kept ‘Tight’. Out of deference to those thought to be rumoured to be associated and involved in what I call the ‘Putsch’ I will not at this stage name them as I believe that the deal, if my sources are correct, hangs in the balance and has a 50/50 chance of realisation. The sticking point could be the amount of convertible loan notes that are currently outstanding. What’s interesting is that sources are telling me that the Slovenia assets were looked at prior to Ascent getting them, by the CEO of a now highly successful mid cap oil & gas producer who at the time 2008/9 wasn’t in a position to acquire them. They believe now that there could be multiple TCF potential deeper down within the Petisovci reservoirs, which is why the failed Cadogan Petroleum (LON: CAD) takeover approach came to be, that approach eventually blew up due to the AST share price rocketing to over 7p.
11/3/2017
14:49
dandadandan: The problem here is IMO those CLNs and the holders. In my view that income stream from the INA has been carefully delayed. Why? Because the CLN holders including the BoD need more time to process those millions of shares through the AIM market. Just go and re-listen to those AST past Vox podcasts in 2016. So on the 16th March 2017 around 160 million new shares will be added. Yet another CLN exercise that CH as CEO says he has no prior knowledge? Remember 486m still remain outstanding. They want you the PI to over pay for those extra shares as they are valued at just 1p. So a sell price of around 1.85p for example would give them a nice 85% profit. (The difference between value and price). First we had the Utilico short to cover the last CLN exercise position. What have they hidden for us to find next?... Us PIs are being played out, just like a game of poker, IMO. Even the BoD have helped themselves to 5m shares at 1p in October 2016. Is that why they did not take part in that last placing. Only CH did a token £5k? So as a next step could we watch out for some fake news? How about some talks with a big Gas buyer that may suddenly vanish, or another similar yarn. Do not quote likely income figures that could be used against you. Just remember PIs the H team and firms like Darwin just want your money in their bank account. A company share price is just like 'artificial flavour in a cake' to them. Can you really believe what you see on those daily share price trades? So many past delayed MMs trades. Just re-examine that 27th October 2016 RNS. It all becomes clearer. AST repaid £871,510 to Henderson, then the BoD created a CLN of £1m for New and existing Investors as well as £50,000 for the Directors. The 1p share brigade? Are the BoD just puppets or are they working with Hendersons and others, not being interested in the existing shareholders interests? But they just cannot ignore their fiduciary duty to existing shareholders. If AST will not try to clear these CLNs early and gain better value for shareholders (mostly PIs) then there is a simple 2 part solution. 1. Do not take part in their game. ( Spread bettors have you already placed your sell orders ?) Just sit back and wait until the real income flows. 2. Seek an EGM and instruct the BoD that they should clear their debts early. Once a proven cash flow income starts they will be able to organise a lower interest Bank loan, to pay off the debt . It certainly will be at a lower interest rate than the 85%, mentioned above. They could also consider seeking a new placing, if it is priced correctly, at a lot less than 85% interest on the share price. Some may say that the CLN holders will just exercise their options, if they knew that AST was about to buy back their loans. But another 486m AST shares flooding the market will mean that this share price tanks and they will not even get 1p. AST you have now got the experience with Primary Bid (another Darwin linked company), so you cannot say you were not aware of your added options. You have fiduciary duties to your existing shareholders first and foremost, not to the CLN holders even if they are allegedly friends and family. First Utilico shorting, what next, will we experience? Lets see if the FCA consider that the fiduciary duties of the BoD are now being properly exercised, especially after that last Utilico short and the issue of those past RNSs. Remember PIs you now hold the controlling shares interest. Do not play their game. GLA.
Ascent Resources share price data is direct from the London Stock Exchange
add chat code
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180918 13:17:24