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% 3.45 139,850 08:00:15
Bid Price Offer Price High Price Low Price Open Price
3.30 3.60 3.45 3.45 3.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.83 -4.66 5
Last Trade Time Trade Type Trade Size Trade Price Currency
13:29:06 O 53,076 3.31 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 3.45p.
Ascent Resources Plc has a 4 week average price of 3.15p and a 12 week average price of 3.15p.
The 1 year high share price is 6p while the 1 year low share price is currently 2.90p.
There are currently 135,560,515 shares in issue and the average daily traded volume is 257,232 shares. The market capitalisation of Ascent Resources Plc is £4,676,837.77.
bencook1: AST high risk high reward! Could see this doing 5bags from current sp
chinese investor: Recent News (we've sent out the invoices but, because of a dispute, we have not received any cash) :- "The Company now expects, at current production levels and assuming an average monthly gas price of Euro 120 / MWh, continuing production from only the PG-10 and PG-11A production wells to generate gross production revenues net to the Company's interest in the JV (after extraction, processing and handling costs) of at least Euro 150,000 per month. This is a circa 50% increase on the Company's expectation announced on 11 October 2021."
gb904150: AGM is today at 12.30pm. Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT at 12:30p.m. on Wednesday, 8 June 2022. I note at 2021 AGM they at least invited questions and had the decency to post them post AGM on the website. Can't see they've offered the same this time? From what I can see this is now just a gamble on suing the Slovenian govt. Slovenian govt have a reasonable track record of settling which is positive but how long will it take, how much will AST win, how much of that will AST see after no win no fee costs and how much shareholders will ever see of that....means a lot of uncertainty. With 135m shares at 3.8p Mcap is £5.13m. Meanwhile the BOD collect their £800k salaries while shareholders see nothing. The Peru and Cuba pipe dreams both require money, something which AST doesn't have. Cuba is a gamble on whether it will open up. Might be waiting a while on that. Peru ESG metals seem very woolly in a jurisdiction which has just got more socialist. Slovenian assets generating cashflow were the only thing of interest here. Now those have gone it's just the YES/NO on suing the govt. It could come off good....but how long do you have to pay the BOD salaries to find out? Wouldn't it be better to strip costs back to tickover, say £100k/year while awaiting an outcome?
iceagefarmer: nice late rns..big news soon Thu, 14th Apr 2022 17:27 RNS Number : 4815I Ascent Resources PLC 14 April 2022 14 April 2022 Ascent Resources plc ("Ascent" or the "Company") Warrant Exercise and Issue of New Warrants Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce it has agreed to the immediate exercise of the remaining equity warrants issued on 6 August 2020, raising gross proceeds of £242,500. The Company has agreed with the August 2020 Warrant Holders, who own in aggregate a remaining 6,062,500 new equity warrants exercisable at 4 pence per new warrant share, to immediately exercise all the remaining August 2020 Warrants, raising gross proceeds of £242,500. In exchange for the accelerated warrant exercise, the Company has agreed to issue the August 2020 Warrant Holders with one and a half new equity warrants ('New Warrants') per each August 2020 Warrant that is exercised, a total number of 9,093,750 New Warrants have been issued. The New Warrants will be exercisable at a price of 5 pence per new warrant share at any time over the next three years. The August 2020 Warrant shares are expected to commence dealing in 5 business days, following which the Company will have a total of 135,560,515 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. Accordingly, the total number of voting rights in the Company will be 135,560,515 and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. Andrew Dennan, Chief Executive Officer, comments; "We are pleased to have the support of the August 2020 Warrant Holders and the new proceeds received by the Company strengthens the Company's cash position and allows us to continue to focus on business development activity while in tandem resolving the production invoice receivable with our Slovenian JV partner as announced last month."
iceagefarmer: so if they said 905% increase in gas price in october 2021 what percentage increase the gas price now? i think we have a multibagger here soon..results out end of april The Company notes recent significant increases in global gas prices. Central Eastern Gas Hub spot prices are currently circa Eur 105.0 / MWh whilst Central Eastern Gas Hub pricing for Q1 2022 futures are currently Eur 104.725 / MWh. This is an 905% increase from the EUR 11.4 / MWh price as set out in the Company's 10 September 2020 announcement.
iceagefarmer: RNS Number : 5613O Ascent Resources PLC 11 October 2021 11 October 2021 Ascent Resources plc ("Ascent" or the "Company") Update on Gas Price and Slovenian JV Partner Discussions Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to update on gas prices at its Petisovci gas project in Slovenia. The Company notes recent significant increases in global gas prices. Central Eastern Gas Hub spot prices are currently circa Eur 105.0 / MWh whilst Central Eastern Gas Hub pricing for Q1 2022 futures are currently Eur 104.725 / MWh. This is an 905% increase from the EUR 11.4 / MWh price as set out in the Company's 10 September 2020 announcement. The Company now expects, at current gas prices and production levels, the PG-10 and PG-11A production wells to generate net production revenues (after extraction, processing and handling costs) of at least Euro 100,000 per month, net to Ascent. Furthermore, the Company is also delighted to announce that, following a recent Operating Management Committee meeting and partner engagement process in Slovenia, it is aligned with its JV partner on key workstreams including the long term concession extension, environmental impact assessment and permitting to re-stimulate the PG-10 and PG-11A wells. The Company is also in constructive dialogue with its JV partners in Slovenia regarding the resolution of all disputed legacy matters and the restructuring of certain production costs. Further announcements will be made in due course
bspgamer: Keep the right side of this Empire "...With a new position in one of the world's most prolific gold regions, and a busy few months ahead, Empire is one to watch this year..." Gold exploration and development company Empire Metals (AIM:EEE) continues to consolidate its presence in Western Australia, having pivoted over the past two years from a long-time focus on mines in the Caucasus.The company changed direction in 2020, dropping its previous flagship asset, a 50pc interest in the Bolnisi Copper and Gold Project in Georgia, after a long running dispute with the Georgian National Agency of Mines over the extent of the licence, and acquiring a 75pc interest in the Eclipse Gold Project, a historic mine located 55 km north-east of Kalgoorlie, which has recorded historic production of 954 tonnes at 24.6 g/t gold. A 2014 drilling programme identified high-grade mineralisation within a 30 metre zone either side of the main Eclipse shaft, and soil surveys indicated elevated gold concentrations in portions of the Project's mineralised system.Empire sharpened its new focus on Australia last May, taking a 75pc option interest in the Central Menzies Gold Project 90 km north-west of Eclipse. The Project, comprising four exploration licences covering a granite-greenstone belt within the Menzies Shear Zone, is close by the 320,000 oz Menzies Gold Project operated by ASX-listed Kingswest Resources, and directly south along strike from the 15 kilometre Yunndaga line of workings, which has a historic metal inventory of 1.1 Moz of gold. The agreement gave Empire a nine-month option period.Strategic adjustments Two phases of reverse circulation drilling at Central Menzies last year indicated a significant gold anomaly identified along a 500 metre strike length, while drilling at Eclipse sought to test the extent of previously identified mineralised systems. By July Empire had drilled 19 holes and three core diameter drill holes, discovering 'several parallel veins in addition to the main Eclipse vein', and confirming intercepts from previous drilling. In August the company refined its Eclipse drilling strategy after finding the main gold mineralisation at the mine to be more prevalent at depth and 'perhaps orders of magnitude larger than originally anticipated.' Rather than moving ahead directly to a small-scale open pit operation Empire would take time to recalibrate its programme 'with the objective of delivering a larger mineralised inventory'.The rethink presaged a significant adjustment in strategy this year. In January Empire published somewhat mixed news on December operations at Central Menzies. Although drilling had indicated the presence of gold mineralised zones, and intercepted quartz veins and alteration occuring along the contact between basalts and sediments, 'only a few of these intercepts [had] identified significant gold mineralisation extending into fresh rock'. A few days later the company said it had agreed Heads of Terms to enter into a Tribute Agreement with Maher Mining Contractors Pty Ltd, giving Empire the right to explore, develop and mine within a granted area on Maher's Gindalbie Gold Project, located near the historic gold mining town of Gindalbie, adjacent to the Eclipse Gold Project. The Gindalbie project area would increase Empire's mineralised footprint around Eclipse by more than 200pc, taking it to a total of 943 hectares, and extend the current area for exploration targets a further 2 km along the Eclipse lodes trend, and 1 km to the north and 3 km to the south. Gindalbie was an active gold mining centre around the turn of the last century producing through the periods 1887 to 1913 and the late 1930s to the early 1940s. Total recorded production to the end of 1913 was 44,622 tonnes of ore for 40,643 oz gold (at an average grade of 28.33 g/t gold). With its new acquisition Empire would be able to target 'significant additional high-grade gold targets to be evaluated within the combined Eclipse-Gindalbie area, both along the southeast strike extension of the Eclipse trend and in sub-parallel northwest-southeast trends lying to the northeast and southwest of the Eclipse trend'. Under the agreement, for which binding terms were signed last month, Empire will pay AUD$250,000 for an initial six-month exploration term.Drilling gets underway at Gindalbie Empire went on to announce an initial drilling campaign at Gindalbie, to be pursued in conjunction with a new phase of exploratory drilling at Eclipse, both of which 'will be implemented over the coming weeks'. The Eclipse programme, which will employ both reverse circulation and diamond drill holes, is designed to gather further geological and structural information around the Project's Eclipse and Jack's Dream shafts, and test for both high grade gold mineralisation at depth and continuity of the mineralisation between the previous high grade drilling intercepts. The current Eclipse database shows only 20pc of the reverse circulation holes drilled to date have penetrated below the gold-depleted regolith zone into fresh rock. Previous drilling indicates that gold mineralisation likely continues to greater depths, and that further drilling is warranted to test the strike and depth extensions of multiple gold structures at Eclipse.Reverse circulation drilling at Gindalbie will seek to extend the mineralised trend a further 2 km to the southeast of Eclipse and to understand the extent and origin of what the company believes to be 'a much larger gold system'. Last month Empire said exploratory drilling campaign at the location was now underway, testing for high-grade gold lodes within the transition and fresh rock, immediately below or adjacent to several of the historic mine shafts. The programme consists of 16 reverse circulation holes for 1,610 metres, drilled on the back of the reverse circulation drill campaign at Eclipse, which has also started. Empire hopes that by building a better understanding of the structural geology at Eclipse, and targets along the mineralised trends traversing the Gindalbie project area, the company will be able to develop 'a comprehensive and targeted exploration plan for both the Eclipse and Gindalbie projects with a view to moving rapidly to a development phase'.The company's inauguration of the Eclipse-Gindalbie campaign was accompanied by news that it had decided not to take up the option for the Central Menzies project. Results so far had been 'generally inconclusive, with no obvious continuity along strike and no significant high-grade intercepts'. Empire will now focus on the known high-grade gold assets centred around the Eclipse-Gindalbie project area 'as well as look for further acquisitions within Australia'.The year ahead Empire remains funded for exploration over the coming months with some £2.1m in current cash reserves, boosted by the current favourable exchange rate between Sterling and the Australian dollar. The company now seems fully reoriented towards Australia, clarifying the nature of the opportunity at around Eclipse, and embarking upon a programme to open it up. (It's worth noting Empire also holds a portfolio of three precious metals projects in central-southern Austria, which may come into play depending on its progress in Australia.)Empire's share price fell all the way from 25p to 1p after its Georgian venture run aground, but has shown signs of picking up again at it has doubled down on the Eclipse-Gindalbie prospect. The price is currently around 1p, spiking at 1.50p just a month ago. With a new position in one of the world's most prolific gold regions, the price of gold surging with war waging in the Ukraine, and a busy few months ahead, Empire is one to watch this year
tomboyb: Ascent Resources PLC Slovenia Update 16/03/2022 7:00am UK Regulatory (RNS & others) Ascent Resources (LSE:AST) Intraday Stock Chart Wednesday 16 March 2022 Click Here for more Ascent Resources Charts. TIDMAST RNS Number : 8935E Ascent Resources PLC 16 March 2022 16 March 2022 Ascent Resources plc ("Ascent" or the "Company") Slovenia : Gas Price Update, Mining Law Amendments and Potential Damages Uplift Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, provides an update on gas prices at its Petisovci gas project in Slovenia alongside amendments to the Slovenian Mining Law with consequent potential uplift in the Company's damages claim. The Company notes continued significant strength in global gas prices with the Central Eastern Gas Hub ("CEGH") day ahead market price, at the close on Tuesday, of Euro 117.958 / MWh and a prior weekly average price of Euro 173.095 / MWh, which represents over 270% increase on the 2021 average price. The Company now expects, at current production levels and assuming an average monthly gas price of Euro 120 / MWh, continuing production from only the PG-10 and PG-11A production wells to generate gross production revenues net to the Company's interest in the JV (after extraction, processing and handling costs) of at least Euro 150,000 per month. This is a circa 50% increase on the Company's expectation announced on 11 October 2021. Revenues continue to accrue on the JV account whilst the Company continues to discuss the various previously announced disputed JV matters with its JV partner and service provider. However, the Company has now decided to invoice its share of concession production revenues relating to the period from April 2020 to February 2022, which were previously not invoiced pending resolution of the previously announced disputes. The Company also notes recent proposed amendments to the Slovenian mining law, which, amongst other items, include further restrictions on hydraulic-stimulation with Slovenia now seeking to prohibit all forms of hydraulic stimulation for the purpose of exploration or exploitation of hydrocarbons. The Company and its advisors see this development as further reinforcing its claim against the Republic of Slovenia under the Energy Charter Treaty and UK-Slovenia Bilateral Investment Treaty, given that the joint venture has always expected to be able to continue the historic practise of conducting low volume mechanical stimulation techniques in order to flow the tight gas reservoir. The Company and its legal advisors are reviewing these latest developments which could lead to a significant increase in the Company's damages claim. The Company continues to await fulfilment of the conditions precedent relating to the signed and binding damages based funding agreement for the international arbitration dispute and to demonstrate their confidence in the funding closure, the Directors and select other advisers have agreed that the Company will withhold 25% of their salaries and fees until the funding arrangement with Enyo Law LLP has completed. Further announcements will be made in due course. Enquiries: Ascent Resources plc Via Vigo Communications Andrew Dennan WH Ireland, Nominated Adviser & Broker James Joyce / Sarah Mather 0207 220 1666 Novum Securities, Joint Broker Jon Belliss 0207 399 9400
nhs buyer: These thoughts are based on a Settlement as follows: €20-25million plus all permits required to re-stimulate the wells. (3-4 years ago while waiting for permits to re-stimulate and build a small processing plant onsite the share price was trading in the range of 2.5-3p - pre-consolidation, now that would equate to 250-300p) (the permit to build the processing plant was granted the others required were not) Now to today if AST is granted substantial compensation and the stimulation permits required along with new 5yr term (till 2026). Then this is quite possible: 1) AST will be able to stimulate the wells to obtain the maximum output possible. 2) AST will have the funds to build the small required processing plant on-site, once completed they will be able to sell gas into Slovenian grid. Compared to 3 yrs ago AST would of had to raise/or borrow the approx €10m to build the plant. (Note: I will take 1yr-18months to build the plant). 3) The value of the asset in the ground has risen by at least 50% in the last 3/4 years. In 2017 it was reported to be worth €200million so now it’s €300million plus. 4) While the processing plant is constructed, AST will be able to sell substantially more raw gas to INA at a higher price than ever before, possibly creating a profit above operating costs. 5) AST will have funds to progress the Cuba project and any others it’s considering without further dilution of the share price or borrowing from a bank/financial institution. 6) AST will be 100% debt free, and will repay Align any recent drawdowns on its loan facility. So baring all that in mind I can easily see within 6-12 months from the settlement being agreed that the MCAP of AST could get to at least £100million, which would equate to a share price of 92p. Thoughts on the above from other fellow LTH always appreciated!
wrestlingmad: As a LTH in AST from pre-consolidation days of 2017/18 and suffering like a lot of other LTH with large paper losses (especially after consolidation) I thought I’d look back as where AST was back then and compare it to now to see what the potential is now for both LTH to recover losses and new investors to make some money. 2017/18 At the highs of this period the share price was around 3p (300p equivalent now). We were waiting for permits to land to re stimulate the wells and build a processing plant onsite to enable the sale of gas directly into the Slovenia grid. We had a contract to sell raw gas to INA in Croatia while the process was being followed. At this time the ‘asset’ as in gas in the ground was valued at circa €200million. We all know that the re-stimulation permits were not granted and the share price dropped dramatically other things (such as tools down wells) also caused the share price to drop. What AST did get is the IPPC permit for the processing plant. So if this is still valid they do have that. Then the 100-1 consolidation happened, new board and the legal challenge started... Feb 2021 So where are we now in comparison: Current share price 14p Value of asset has increased from €200m to circa €400m due to gas price increases over past 3 years. New Contract to sell raw gas to INA (possibly at much higher prices than before) once current pressure testing completed. €20-€40million in compensation pending from Slovenian government. Re-stimulation permits for current wells could be awarded as part of settlement. IPPC permit already in hand (if still valid) so on-site processing plant can be built. Pressure in wells increases naturally over time and they have been closed for nearly 14months, so current pressures could be higher than the pre Dec 2019 closure, so more gas to sell. Cuba - the new unknown project so AST is no longer a one trick pony anymore. Recent news that Cuba is open for business to companies outside Cuba can only help this project develop in coming months/years. Finally - Settlement from Slovenia (TBC of course) should be enough to cover the cost of building the processing plant and to further advance the Cuba project without any further financing/placings being required, therefore no further dilution to the share price Factoring all the above and if news in next few weeks is as expected then surely a share price of 100-150p is achievable in the medium term (1-1.5p in pre-consolidation money!) That’s still only 50% of where we were when waiting for permits in 2018 on the back of an asset worth €200m and no money to build the processing plant. I hope these observations help LTH & new investors alike. Other LTH’s opinions always appreciated. I’m not trying to to ramp the share price but point out that the fundamentals are there for a sustainable rise over the medium term.
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