Share Name Share Symbol Market Type Share ISIN Share Description
Ascent Resources Plc LSE:AST London Ordinary Share GB00BJVH7905 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.375 4,171 07:49:20
Bid Price Offer Price High Price Low Price Open Price
2.25 2.50 2.375 2.375 2.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.30 -3.66 -0.14 1
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:13 O 3,000 2.375 GBX

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Ascent Resources Daily Update: Ascent Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AST. The last closing price for Ascent Resources was 2.38p.
Ascent Resources Plc has a 4 week average price of 2.13p and a 12 week average price of 2.13p.
The 1 year high share price is 35p while the 1 year low share price is currently 2p.
There are currently 59,109,652 shares in issue and the average daily traded volume is 488,233 shares. The market capitalisation of Ascent Resources Plc is £1,403,854.24.
helpfull: A £400,000 loan from Align Research with a repayment date of 31st Mary 2021. That's next March. The loan is received in portions and has an 8% coupon. So repayment of £432,000. 16,000,000 warrants issued with the loan.If the share price reaches 4p in the next two years Align makes £240,000 and 16,000,0000 new shares issued. That's on top of 15,000,000 shares for the cash raise (with warrants bringing 7,500,000 new shares) and 1,500,000 new shares for supplier payment. The funny part of the cash raise is that the application for the PSC in Cuba is free. So the £300,000 goes to staff costs and overheads. Parsons and Dennan pay themselves well. At shareholder expense. And share dilution continues apace. Be careful.
helpfull: What has just happened? The management of Ascent Resources has just brought forward a hanging. 15,000,000 shares bought for 2p are coming onto the market a week early. They can all be sold. Even for less than 2p when the value of attached warrants are taken into consideration. Are you a mug punter? You're going to be left hanging out to dry. Did you buy at 2p on 5th August? Did you see the share price at 2p on that date? As always it is the mug punter who will end up paying for the cash raise of £300,000. How many time? Be careful. It will most likely be you.
helpfull: Simples. List the companies Parsons is involved in. AST,RGM,Coro,Echo. And the companies he has a link to like Sou, Nuog and Czn. The common theme is debt and/or a need for cash. He raises cash. Placing after placing. Generally to the detriment of the small shareholder since the issues shares are sold on to excited punters by the placees. The companies are swamped with paper and the share price inevitability falls. Debt is another tool in his armoury. Raises cash through debt at eye watering interest and leaves shareholders to pay the price when second rate assets fail. As a leader he does not have to perform. Selling shares for cash or selling debt for cash is his priority. The problem is that the bubble has burst. Nobody believes. The results are in. The rogue placee in the 5p placing at AST is an example. Both Echo and Coro are strapped for cash and have fatal loans. Poor investments were made. RGM has had 3 cash raises in six months and the share price has fallen sharply. It's OK if you're one of the salaried elete, on several boards, receiving free optiosns. But it is all at the expense of the small shareholder.
roughandtumbleone: AST raised 212k on the 30th April at 2.75p and issued shares to an investor for monies owed at a share price of 5p. This investor has taken shares over money and still has an outstanding balance which looks likely to be issued in shares and likely to be at the same 5p threshold.The shares issued on the 30th April became active on the 15th May of which a Director took 450k. I think any overhang that the placees are selling to make their 10% on the placement money will be cleared mid morning. There was only 7m shares issued.Could prove an interesting few days and from a fall from 2.50 GBP the upside from 3p is exciting!
brookemia: RobertDink Posts: 1 Price: 2.125 No Opinion AST is a scam CompanyToday 14:13 Ran by Conmen. Colin Hutchinson John Buggenhagen. James Parsons (The King of Conmen, Sucessfully crashed SOU.L, CORO.L, and many others) With these notorious men associated with AST, you can be sure 99.5% of all shareholder value will be wiped out. Absolute SCUM ReplyRecommendReport Post partridge Posts: 1,988 Price: 2.125 No Opinion What have the Romans done for us?Today 12:58 What has Mr Parsons done for Ast? Well the share price is a quarter of what it was a day before he came on board. And he has raised £800,000 or is it £700,000 or is it £500,000 or is it £485,000? Whatever. He has raised some money and is starting legal proceedings and using some of the money he has raised to force some of his friends to give him some money. All above board. He will find it hard to raise any more money. Fewer friends in the new world. Today he mothballed Coro Energy for the foreseeable future. Coro is in oil and gas and gas a nice $4.5 million cash pile to keep him warm and salaried for a while. Coro has assets in Italy which are hardly paying. And Slovenia is next door to Italy. Why is he not shutting down Ast costs in Slovenia? He can't sell them much as he would like to. The trouble is Ast has no cash pile to sit on for the next few years. He needs to raise more cash for his push into the sunny Carribean sea. It is nice and warm there. Hence the conference call. A tried and tested method. Loosen the clasps on the cheque books. Yours. It is your duty to get unseemly excited.
chinese investor: What does this mean :- "An Equity Sharing agreement under which Ascent pay the Investor £1,080,750 in return for payments over twelve months, equivalent to one twelfth of the subscription shares each month at the subscription price plus a premium of 10% ("Benchmark Price"), and this amount is then adjusted for the actual performance of the share price in the period. Where the average share price in any given month is above the Benchmark Price the Company will receive in addition to the standard monthly payment a payment equal to 50% of the price above the benchmark limit multiplied by the monthly subscription shares and should the share price be below the Benchmark Price the monthly payment will be reduced by the an amount equivalent to the deficit in the share price multiplied by the monthly subscription share number. Irrespective of the mechanics of the Equity Sharing agreement in relation to the amount received by the Company the total number of shares issued under the Subscription Agreement is fixed at 393,000,000."
ragpicker: I salute you John, you have a promising future career ahead of yourself as a fiction writer. In the meantime the problem with the present AST share price relates to concerns about the price of the next placing. I doubt it will be any higher than .04p. Not to mention the corresponding dilution. Forgive my cynicism, but I've been following this circus since the days of the Anagni fiasco (market cap £80 million for a short while). Ever since, its been placing after placing after consolidation after placing after consolidation after placing....................
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, 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 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: 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.
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.
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.
Ascent Resources share price data is direct from the London Stock Exchange
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