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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 -8.33% 0.275p 2,313,185 09:20:55
Bid Price Offer Price High Price Low Price Open Price
0.25p 0.30p 0.30p 0.275p 0.30p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.81 -1.97 -0.10 6.3

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Date Time Title Posts
23/1/201911:30Ascent Resources AST - Slovenian Gas Producer 4,468
23/1/201908:39Ascent Resources - Licenced To Thrill !11,506
22/1/201916:21Ascent Resources 201936
13/12/201819:44Ascent Resources - Reborn!6,891
29/11/201807:47British government have decided to help Ascent re permit blocking by Arso17

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Ascent Resources (AST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:48:150.2880,000224.00O
09:47:100.30300,367898.10O
09:28:120.30498,0001,494.00O
09:20:590.3075,000225.00O
09:20:420.28624,9681,734.29O
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Ascent Resources (AST) Top Chat Posts

DateSubject
24/1/2019
08:20
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 0.30p.
Ascent Resources has a 4 week average price of 0.20p and a 12 week average price of 0.20p.
The 1 year high share price is 1.45p while the 1 year low share price is currently 0.20p.
There are currently 2,291,310,686 shares in issue and the average daily traded volume is 22,976,719 shares. The market capitalisation of Ascent Resources is £6,301,104.39.
22/11/2018
18:10
temmujin: Raised investors from London are threatening the Slovenian minister #video Authors: VIDEO: Planet TV, Primož Cirman, Tomaž Modić, Vesna Vuković Minister of Environment and Spatial Planning Jure Leben was placed under attack by the management and angry shareholders of British company Ascent Resources due to the introduction of extraordinary supervision over the acquisition of gas collection licenses in Petišovci. What are they all threatening to do? And why did the British take panic? "Jure Lebne's tricks are dirty as a coal that you'd rather burn." "What is he just thinking about? Maybe about how much he is paid by Russia?" "We sent between 60 and 70 e-mails to companies that might be thinking about investing in Slovenia. We stressed how difficult and unprofessional Jure Leben is! Let's see if he's up to us!" "The announced war Jure Lebnu!" (attribution to the video of the launching of a nuclear bomb) This is only part of the threats and messages that have been tough in recent days on Twitter's social network under various pseudonyms by alleged shareholders of Ascent Resources, a British company that has been seeking to obtain permits for pumping natural gas in Prekmurje for several years. They are all directed against the Minister of the Environment and Spatial Planning Jure Lebn . As we revealed last Monday at Siol.net, Leben ordered internal control over two procedures conducted by the Environmental Agency (Arso) in connection with the planned pumping of gas at Petišovci: approval of an environmental permit for the operation of a refinery for the purification of natural gas. Arso was issued by him, but was abolished in 2016 after an appeal by environmental organizations. The process started again and continues today; a request for a permit to significantly increase the two existing wells for the pumping of natural gas by the method of "hydraulic restimulation". Geonenergo, a partner of the British in the project, filed it with Arso in May last year. Jure Leben BUSINESS TODAY Check the suspicions of irregularities in gas abstraction licenses in Prekmurje 34 317 Siol's disclosure dropped the share price These are the key permits needed by the British to launch a gas project in Slovenia. Also, the news that Leben ordered the control, a severe blow for both Ascent Resources and its shareholders listed on the London Stock Exchange (AIM), is listed in the quotation of small and growing companies. #ast between everyone probably up on 60 ~ 70 emails sent to Potential EU companies looking to set up in Slovenian. Highlight how hard and unprofessional the likes of @JureLeben are! Let's see if he can up his game! - Wolf of Woking (@ 260Marathon) October 31, 2018 #ast are the most disastrous ends week and the history of Ascent thanks to the unprofessional Conduct of @JureLeben Hopefully he sets the record straight, as the damage done to Any Future Investment Opportunity and #Slovenia has been Ruined, hes not worried about candles on a grave - Shareless (@ Shareless1) November 2, 2018 On the thirtieth day of October, the day after the publication of the Siol.net article, the price of the Ascent Resources share climbed by a third: from 0.75 to 0.5 pounds. During the sale of shares, which were worth about two pounds a year ago, the owner swapped nearly 10 percent of the shares. The market capitalization of Ascent Resources thus amounts to just under 15 million euros. This is almost four times less than the amount invested by the company in the Petišovci project in recent years. In the panic that followed, the first response was the director and co-owner of the British company Colin Hutchinson . Slovenia and Lebnu threatened with a lawsuit to the European Commission. "Patient waiting for the Slovenian authorities to do what is right is over," Hutchinson told shareholders. Ascent Resources runs out of money But soon on Twitter, Hutchinson began to fall, which claimed in the beginning of October that the company was just before obtaining all licenses. Just a few years ago, the first man Ascent Resources announced that the investment in the Petišovci shareholders project will be repeatedly repaid. Obviously it will not be so. On the contrary, on November 20, the company will seek consent to increase capital, which is expected to be invested by new strategic partners. Their arrival, predicted by Ascent Resources in spring, is again under question as a result of the new delay in obtaining licenses. This is also acknowledged by the management of the company, which has been talking to potential investors since April. @JureLeben well done cheese, releasing important information about a company via twitter, you did not have the decency to update #ast at all. Time to resign, you have caused un repairable damage to ANY future / potential investment in Slovenia #lossofjobs - slingshot (@ slingshot2018) October 30, 2018 It is also questioned the further fate of Ascent Resources, which generates the only revenue by pumping untreated gas from two open wells in Petišovci. Last year, its Slovenian branch generated a net loss of EUR 2.6 million at 890 thousand. It is financed exclusively by the loans of the British owner, which itself has more problems with financing the continuation of projects. Colin Hutchinson, the first man of Ascent Resources Colin Hutchinson, First Man Ascent Resources Photo: Bojan Puhek "If the shareholders at the General Meeting do not confirm the proposed measures, the ability of the administration to provide financing for the company will be seriously jeopardized," the Ascent Resources Management Board wrote. The largest owner of the company is the investment group Hargreaves Landsdown, which controls about 30 percent of the shares. Her board is led by Deanna Watson Oppenheimer , one of the most influential women in American banking. He also sits in the management board of the commercial giant Tesco. Who in Ars gave the British "personal guarantees"? Among the co-owners of Ascent Resources, there are still a few people who enjoy high reputation in the British business and financial circles. Perhaps also the lobbyistic and diplomatic pressure on the Slovenian government is great. The greatest hit is Leben. More investors in Ascent Resources are more or less openly threatening him. The colonial manners also predict the public embarrassment of Slovenia as a country that promises its kindness to foreign investors only on paper. Many call for action by the British ambassador to Ljubljana, Sophie Honey , and some even predict a complaint to the Ombudsman. Joško Knez, General Manager of ARSO Joško Knez, general director of ARSO Photo: STA Leben is currently not available for explanation. No, the ministry does not rule for the public now has not responded to threats and complaints. They were also not commented on by the partner company Geoenergo, owned by Petrol and Nafta Lendava. The biggest owner of both is the state. The British daily tabloid Daily Mail, which is considered a favorable ruling conservative party, also reported a few days ago. In this regard, statements by representatives of Ascent Resources were quoted, they allegedly claimed that they were given personal assurances from the "senior officials of the Slovenian Environmental Agency" to get permission ". Petišovci BUSINESS TODAY Successful lobbying action: soon to the controversial permit for pumping gas in Prekmurje 42 174 Britons: It's not about "fracking", but "stimulation" Are these "personal guarantees" if, of course, they existed, the main reason why Leben decided to introduce control? The apple dispute between the British and the Slovenian state authorities is officially the question of whether gas extraction is an intervention that will have no impact on the environment and human health. Ascent Resources constantly emphasizes that this is not an ecologically controversial hydraulic fracture, in English known as "fracking", but rather a much more friendly "hydraulic stimulation" to the environment. Sophie Honey, Ambassador of Great Britain to Slovenia Sophie Honey, Ambassador of Great Britain to Slovenia Photo: Ana Kovač In March this year, the name of the intervention was even renamed "to maintain productivity in mineral extraction". "This (the procedure in Slovenia, op. A.) Can not be compared to what we do in North America, that is to compare apples and oranges. We stimulate sandstones, from 3,000 to 3,500 meters below the surface, which are much softer material than Slate We need a lot less water, much less pressure, and more than 2,000 meters away from water sources, "said Hutchinson in June. It is therefore an operation where it is not necessary to carry out an environmental impact assessment, according to the British. But several state authorities have a different opinion. The planned pumping station is sometimes only a good kilometer away from the Natura 2000 protected area. Missing project documentation from 1953 At the same time Ars found that Ascent Resources and Geoenerge did not have a mining project. In doing so, they referred to the legislation and decisions of the 1950s, when the former state granted permits for gas extraction in Petišovci. Večer reported days ago that the decisions of 1953 are not in the Ministry of Infrastructure led by Alenka Bratušek , not at the Geological Survey of Slovenia. The current mining law, which has been in force since 2011, requires the construction of a mining project for research, the acquisition of a concession for implementation and rehabilitation. From the documentation in the case, it is clear that Arso ordered the British in 2011 to repair the existing wells, but apparently there was no such thing. Only an internal technical inspection should be carried out. Ascent Slovenia NEWS Displaying counter-facts: Raging investors from London are threatening the Slovenian minister 5 What is the new plan of the British? Ascent Resources informed shareholders that the Petišovci project will be carried out in the following steps: 1) obtaining licenses, 2) re-opening and fracturing of the two main boreholes ("re-enter and re-stimulation"), which will greatly increase their long-term productivity, 3) revitalization of other wells. According to their estimates, it would be reasonable (again) to open at least eight wells, Petišovci Photo: Slovenian-plin.si 4) on the basis of pre-stimulation will receive the necessary data to estimate how much gas is in these wells, 5) while concentrating on the development and production of gas, Ascent Resources continued the analysis of the deposits from which oil was already used in the past. Studies have shown that in these deposits there is a hidden potential ("untapped potential") that could be exploited with additional drilling and enhanced recovery techniques ("enhanced recovery techniques"), 6) Ascent Resources also explores the sense of pumping deeper than officially confirmed deposits, all with the goal of finding additional accumulations of hydrocarbons.
23/8/2018
09:26
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."
22/8/2018
23:25
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
12:12
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
11:59
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
09:45
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.
31/7/2017
10:17
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
19:38
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.
24/4/2017
23:04
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.
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