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
  0.85 14.78% 6.60 3,825,512 16:29:27
Bid Price Offer Price High Price Low Price Open Price
6.20 7.00 6.75 5.75 5.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.30 -3.66 -0.14 6
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:12 O 750,000 5.70 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 5.75p.
Ascent Resources Plc has a 4 week average price of 4.85p and a 12 week average price of 2.75p.
The 1 year high share price is 20p while the 1 year low share price is currently 1.88p.
There are currently 89,233,281 shares in issue and the average daily traded volume is 1,770,516 shares. The market capitalisation of Ascent Resources Plc is £5,889,396.55.
johncasey: good news RNS Number : 0195H Ascent Resources PLC 01 December 2020 1 December 2020 Ascent Resources plc ("Ascent" or the "Company") New Funding Ascent Resources Plc (LON: AST) the onshore Caribbean, Hispanic American and European focussed energy and natural resources company, is pleased to announce it has secured a new GBP500,000 loan facility. New Funding As announced on 29 October 2020, following a restructuring of the Company's balance sheet and historic obligations, the Company has a current debt balance of GBP270,020 , which is due for maturity in February 2022. The Company continues to make progress with its Cuban interests, Slovenian asset and claims under the Energy Charter Treaty and UK Slovenia Bilateral Investment Treaty as well as execution of its Special Situations Strategy. To facilitate further progress whilst minimising equity dilution, the Company has signed a loan agreement arranged and managed by Align Research Limited ("Align") to provide, in aggregate, GBP500,000 through an unsecured loan facility ("Loan Facility" or "Loan") provided equally by Align and RiverFort Global Opportunities PCC Ltd ("Lenders"). The Loan Facility, which is aimed at minimising dilution to shareholders at current prices, provides for the loan to be drawn down in four tranches of GBP125,000 each on the first business day of January, February, March and April 2021 respectively. The Loan plus a fixed coupon of 8% is repayable in full, at the election of the Lenders, either in cash or in shares at 7.5 pence per share (41.5% premium to the closing bid price on 30 November), on 31 December 2021 (the "Repayment Date"). The only exception to this will be where the Lenders request part or all of the Loan and any coupon to be utilised as consideration in paying for the warrants. Issue of 7.5p Warrants As part of the Loan Facility, the Company will issue a total of 6,666,666 warrants to the Lenders (the "Warrants"). The Warrants are exercisable by paying a cash price of 7.5 pence per warrant share (a 41.5% premium to the closing bid price on 30 November) , or at the future placing price of any subsequent fundraise during the first 12 months of the Warrants being issued, if lower than 7.5 pence. The Warrants expire three years from the signing of the Loan agreement. In the event the Company announces that it has reached an amicable settlement agreement with the Republic of Slovenia relating to its ECT claim on or before the 31 January 2021 then any undrawn balance of the loan shall be cancelled and on a pro rata basis up to half of any Warrants outstanding may be cancellable by the Company. Drawdown of Final GBP100,000 Existing Loan Facility and Exercise of Existing Warrants Additionally, the Company has drawn down the final tranche of GBP100,000 under the previous loan facility and Align has simultaneously exercised the attached warrants ("Exercised Warrants") which were previously announced on the 6 August 2020. Align is therefore being issued with 4,000,000 Exercised Warrants shares and 320,000 Loan Coupon shares and has voluntarily agreed to a 3 months lock in on these new shares. Issue of Equity & TVR The Company has also agreed to issue 480,000 ordinary shares at 7.5 pence per share ("Supplier Shares") in respect of GBP36,000 invoice retaining Align for a twelve months research services. These shares are subject to a lock in period of 3 months. The issue of the Supplier Shares, the Exercised Warrants shares and the Loan Coupon shares are being carried out within the Company's existing share authority to issue ordinary shares for cash. Application will be made to the London Stock Exchange for the Supplier Shares, the Exercised Warrants shares and the Loan Coupon shares to be admitted to trading on AIM and it is expected that the Supplier Shares, the Exercised Warrants shares and the Loan Coupon shares will be admitted to trading on AIM at 8.00 a.m. on or around 7 December 2020. In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Supplier Shares, Exercised Warrants shares, Loan Coupon shares and shares issued during the month under the Company's existing block admission, its issued ordinary share capital will comprise of 95,283,281 ordinary shares. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 95,283,281. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company. Andrew Dennan, the Company's Chief Executive Officer, commented: "We are pleased to have secured this flexible funding solution as we continue to progress our discussions in Slovenia alongside our growth initiatives across Cuba and multiple broader Special Situations. This is an important time for Ascent and this funding will help facilitate those key workstreams as we look to progress activities right across the portfolio." Enquiries:
johncasey: Blog Search... Search ASCENT RESOURCES – BIDEN’S VICTORY LOOKS SET TO EASE CUBAN SANCTIONS November 10, 2020 | Posted by admin By Dr. Michael Green If you are seeking an undervalued stock that is set to benefit from the election of Joe Biden as US President then look no further than Ascent Resources. Joe Biden has been promising a new Cuba policy. He reckons that the approach of the Trump administration has not been working and points out that Cuba is no closer to freedom and democracy than it was four years ago. Biden claims to have stood for democracy and human rights throughout his career and has also taken on dictators whether they be on the left or the right. On the campaign trial he has made no secret of his ambitions to promote human rights in Cuba and empower the country’s people to determine their own future, which is central to the national security interests of the United States. Biden was Vice President during the Obama era. Back in those days, Barack Obama threw Cuba a lifeline and his visit to that country in 2016 was something akin to the visit from the Pope as he was the first US President to step foot on Cuban soil in almost a century. Biden has stated that he would restore much of Obama’s policy of engagement with the Castro regime. So, we can visualise a reduction in sanctions and increase in international investment going into the country. In Cuba, Ascent seems to be sitting pretty. The latest news from over there is that the company has submitted an application to become an operator. This move concerns onshore producing block 9B and onshore blocks 9A, 12 and 15 in Cuba which Ascent added to its asset portfolio following the arrival of the new management team earlier on this year. Recent announcements from the company also suggest that negotiations on Production Sharing Contracts for these blocks were planned to kick off fairly soon. Ascent’s focus on Cuba should be seen as really big news. Oil experts all know that Cuba actually represents one of the few remaining world-class yet largely unexploited hydrocarbon systems. In the country, the company has a highly compelling opportunity which includes six separate PSCs spread across four blocks which cover some 7,000km². The entry into Cuba has tremendous potential in our view and over the coming months Ascent is likely to gain operator status. Once that is in place, it looks as though the market might really begin to learn about the size of the prize in the vast onshore licence area where Ascent is negotiating access to a highly prospective area of Cuba. The deals provide an attractive mix of development, appraisal and exploration potential which give Ascent a nice balance of opportunities right across the whole cycle. But it does look like there could be even more Cuban action on the cards. In search of appealing Specials Sits plays, we know that the management is happy to diversify away from oil and gas. Once again, the management team will be looking for further such plays which offer a unique balance of risk and reward. Well it looks as though the team will be again tapping into its enviable deal flow from Cuba. There has not been a much hotter trend than battery metals for a while now. These full scale moves into electric vehicles and the whole energy storage market are creating a vast spectrum of opportunities. There has already been news that the board had signed a number of new non-binding letters of intent in the battery metals mining space with either vehicles owned or backed by the Cuban government. At this stage it is worth pointing out that Cuba has the fifth largest nickel resources in the world. At the same time, Ascent seems to have successfully brought the Government of the Republic of Slovenia to the negotiating table concerning the company’s unfair treatment in that country. Ascent has invested more than €50 million in the Petisovci field which has been allegedly damaged by the government’s action or inaction. Basically, disputes have arisen under the UK – Slovenia bilateral investment treaty (BIT) and the Energy Charter Treaty (ECT). In July 2020, Ascent submitted a Notice of Dispute which got the legals going. Last month the company confirmed that it is entering into direct negotiations with the Republic of Slovenia. The hope is that Ascent could potentially settle the claim in an amicable manner before the end of 2020. Just in case this is some cunning stalling tactic, the company would be looking to move ahead pursue its investment treaty claim under the BIT and ECT. To this end, when last heard the team were continuing to secure litigation funding to proceed with international arbitration, if a settlement is not be reached. We are quite happy about how matters are progressing at Ascent. We initiated coverage on the stock with a Conviction Buy stance and a target price of 18.34p in mid-September 2020 when the shares were trading at 3.25p. That target price was solely based on possible Petišovci scenarios where we looked at the two alternative scenarios – litigation and development. The lower valuation of these two alternative was chosen which was in fact the litigation path where we made an educated estimate of the amount that might be awarded by the court and the time period until payment – all of which was risked. Now with the stock sitting 67% higher at 5.45p, we are pleased to reconfirm our stance. DISCLOSURE & RISK WARNING Ascent Resources is a research client of Align Research. Align Research owns shares in Ascent Resources. Full details of our Company & Personal Account Dealing Policy can be found on our website hxxp:// This is a marketing communication and cannot be considered independent research nor is it subject to any prohibition on dealing ahead of its dissemination. Nothing in this report should be construed as advice, an offer, or the solicitation of an offer to buy or sell securities by us. As we have no knowledge of your individual situation and circumstances the investment(s) covered may not be suitable for you. You should not make any investment decision without consulting a fully qualified financial advisor. Your capital is at risk by investing in securities and the income from them may fluctuate. Past performance is not necessarily a guide to future performance and forecasts are not a reliable indicator of future results. The marketability of some of the companies we cover is limited and you may have difficulty buying or selling in volume. Additionally, given the smaller capitalisation bias of our coverage, the companies we cover should be considered as high risk This financial promotion has been approved by Align Research Limited
grimreaper2019: Lots of stake building going on here by city linked individuals, these types rarely throw their money around for fun. Align Https:// Summers Https:// Marr Https:// Staten Https:// Jamieson Https://
helpfull: Exercise of warrants. 2,000,000 warrants for £50,000. That's 2.5p each. Who has been awarded millions of warrants to converted to shares at 2.5p when the share price reaches 4p? Well, according to the half year results that's Align Research. They received 16,000,000 warrants in the last cash raise. There are another 7,500,000 warrants from the same cash raise and more. That's a potential 23,000,000 shares at a 100%+ profit when the shares are sold. Mug punters are getting reeled in whilst others will be selling the shares. Be careful.
helpfull: RNS on 23rd October 2020. Issue of shares for warrants. Another 2,000,000 shares issued. Transfer of cash from pockets of mug punters. That's what this share is all about. Continual pumping of share price with no substance. Be careful
helpfull: Don't be fooled. Those people needing to ramp the share price so they can dump their shares appear to be deliberately misinterpreting the situation in Slovenia. There is no agreement to acquiesce to the demands of the Ascent claim. Infact, the opposite is in play. The present Slovenian government is teetering on collapse. The opposition, who had their anti-fracking stance turned down earlier in the year are now in the ascendant. The present government are totally behind the need for an environmental assessment but did not want to totally ban fracking. The country is in a state of emergency due to Covid. They will not take kindly to any compensation claim. The Ascent litigation might be badly timed and incur the wrath of a sovereign nation at great cost. The market capitalisation of Ascent is £3 million. Nobody believes The litigation pump. The company is all about raising the share price so that placees in the latest cash raise at 2p can sell out. This is already happening. The warrants at 4p will bring share dilution of 30% with 22,500,000 2.5p shares. As usual, mug punters are being reeled in. Be careful. It is your money they want.
helpfull: Well. I said Sebastian Marr would arrive on the heels of Mike Staten. I expect Charles Brook-Partridge to follow, if he is not already here. Mug punters say their arrival is the harbinger of good news. Don't believe it. History says their intention is to fleece small naive, muggins investors. Look at their MO at Nuog. All three bought a holding of greater than 3% each on 12th February 2020. Mug punters were frothing at the mouth about upcoming news. Marr and Partridge sold out 3 days later, Staten took a couple of days more. It's all proofed by RNS. The Nuog share price fell and the spike left the unsuspecting out of pocket. Dennan is on the BOD at Nuog. Charles Brook-Partridge is a director of Novum Securities. Novum Secuities were appointed joint brokers after the last AST cash raise at 2p. There are a lot of 2p shares being sold to mug punters at present. Guess by who. Expect these TR-1's to be replaced with "sold out" TR-1's in the coming days. Be careful
helpfull: Is it legal? Is what went on at AST yesterday legal? Is what has happened in the last three months at AST legal? Is it Malcy? Did Parsons know a significant shareholder was selling down whilst two cash raising at 5p and 2.75p were carried out? Did Stuffy know that a significant shareholder was selling down whilst she publicised the company? Have shareholders been misled? Has there been a betrayal of trust? Is there an ongoing betrayal of trust? Is ignorance of the portrayal of ignorance allowable? Shameless. Are all shareholders in AST simply mugs?
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.
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.
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