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AST Ascent Resources Plc

1.25
0.00 (0.00%)
28 Mar 2025 - Closed
Delayed by 15 minutes
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 0.00% 1.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.20 1.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.41M -851k -0.0028 -4.46 3.84M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.25 GBX

Ascent Resources (AST) Latest News

Ascent Resources (AST) Discussions and Chat

Ascent Resources (AST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-03-27 16:33:531.2030,000360.00O
2025-03-27 16:06:281.29239,0003,077.13O
2025-03-27 15:50:261.2093,2031,118.44O
2025-03-27 15:08:031.2993,2031,199.99O
2025-03-27 14:00:091.29100,0001,287.50O

Ascent Resources (AST) Top Chat Posts

Top Posts
Posted at 27/3/2025 08:20 by Ascent Resources Daily Update
Ascent Resources Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AST. The last closing price for Ascent Resources was 1.25p.
Ascent Resources currently has 307,503,265 shares in issue. The market capitalisation of Ascent Resources is £3,843,791.
Ascent Resources has a price to earnings ratio (PE ratio) of -4.46.
This morning AST shares opened at -
Posted at 17/1/2025 10:28 by burtond1
Worth a read. Then look into #AST These guys of course just made an Investment in US Onshore Gas plus Oil & Helium with New Strategic Fundinghttps://m.uk.investing.com/news/commodities-news/us-gas-supercycle-is-coming-bernstein-3878352?ampMode=1
Posted at 29/12/2024 13:14 by anneagarg
Ascent Resources Ascent Resources (AIM:AST), a natural resources company with a long-time focus in eastern Europe, opened up new opportunities this year while continuing to pursue legal settlements both with the Republic of Slovenia and an estranged joint venture partner.The company announced its maiden investment away from Slovenia in April, exposing shareholders to new growth in US onshore gas and helium processing through an initial investment into an operational and cash generative midstream business in the helium rich Paradox Basin.The Lisbon Plant, held by GNG Partners, in which AST now has a $1m stake worth 10pc of the company, has helium purification and liquidation facilities fed by more than 500 miles of gas gathering pipeline spanning the Paradox Basin and flowing through the Four Corners region of America. Lisbon is the sole operating independent natural gas processing plant in the Basin, with access to helium rich gas sources of up to 7-8pc helium. The 60 MMcfd plant has a 1.1 MMscfpd processing capacity for helium, a 45 MMcfd cryogenic plant and 10,000 bpd fractionation train. The partners believe the plant can produce approximately 3.4pc of US liquid helium (1.7pc of the world's liquid helium).The plant has a liquification unit which has been in care and maintenance since around 2013 (when the liquified helium price was only $62.25/Mcf as compared to today's $750-1,250/Mcf range). The partners plan to quickly recommission the unit to rapidly move back into premium markets of producing and sell liquified helium, and invest in iso-containers giving the business even greater price command.Earlier this month AST widened its footprint in the US by acquiring a 49pc interest in American Helium LLC's Utah and Colorado upstream acreage, prospective for 18.2 Bcf of natural gas (with up to 1pc helium), 2.79 MMbbls of oil and condensates and 2.34 MMboe of natural gas liquids of independently certified Proved Recoverable Reserves (1P). The Reserves have an estimated NPV10 of more than $80m.AST is alert to further opportunities strategic collaboration agreement with Delta Energy, a private oil and gas company with access to multiple hydrocarbon opportunities.In the meantime the company continues to vigorously pursue its legal cases, most notably with the Slovenian state. Prospective investors should carefully review the history of the case, but, in brief: AST has a legacy 75pc interest in the Petišovci gas project in north-eastern Slovenia, a joint venture with Slovenian partner Geoenergo, which holds the remaining 25pc. AST has invested €50m in the project since 2007, and has funded the project's development in return for 90pc of the revenues until all costs are recovered. A test result of 8.8 MMscf has been recorded, and an independent volumetric assessment of the field estimated P50 contingent gas resources of 456 Bcf. The project has been partially implemented, with gas exported to Croatia from two wells, Pg-10 and Pg-11A. A second phase envisaged levering production from the field's tight rock reservoir by means of hydraulic re-stimulation, opening the way for the re-entering and deepening of existing wells, and the construction of a processing plant through which gas would be injected into the Slovenian national gas network.But those plans were shipwrecked when the Slovenian government amended the Republic's mining law, imposing a sweeping ban on fracking. AST argues the decision was 'politically motivated'. The field's capacity to produce 'was very significantly reduced', effectively depriving the company of its right to produce gas in Slovenia and 'destroying' the value of its investments in the country's energy sector.AST has served the Republic with a notice of dispute of breaches under the UK-Slovenia bilateral investment treaty and the Energy Charter Treaty, an international agreement establishing a framework for cross-border cooperation in the energy industry. The arbitration proceedings include a monetary damages claim of more than €500m, although it is important to note – as AST itself acknowledges – that if the claim is successful 'any amount actually received by the Company may be significantly lower'. AST has opened up the potential gain to shareholders, establishing a special purpose vehicle to distribute an entitlement to 'the economic interest in 49pc of any net proceeds'.A second dispute continues to grind on: an arbitration claim against venture partner Geoenergo in relation to differing interpretations of Petišovci's baseline production profile, and the number of wells from which AST is entitled to receive revenues. AST is claiming 90pc of the proceeds received by Geoenergo from production in excess of the baseline production profile for all wells in the concession area. Geoenergo filed for insolvency before the claim could be settled. AST's petition against the insolvency claims a settlement of €11m.AST raised $1m earlier this year to fund its ongoing work. The company's share price is currently 2p and its market cap £5.52m.
Posted at 24/12/2024 07:39 by burtond1
New AST presentation. Lots to like...https://wp-ascentresources-2021.s3.eu-west-2.amazonaws.com/media/2024/12/Corporate-Presentation-Dec-24.pdf
Posted at 20/12/2024 08:32 by imjustdandy
Wow - market just beginning to digest this part too 500k raised at 5p. The Company is finally also pleased to announce it has raised new proceeds of US$475,949 through the issue of 7,520,000 ordinary shares at a price of 5 pence per new share, representing a 203% premium to the closing mid price of 1.65 pence as reported on the day before announcement, with warrants attached as further detailed below alongside a broker option to enable other investors to participate on the same terms.
Posted at 20/12/2024 07:10 by burtond1
200% premium deal, American Helium, former us secretary of state and head of CIA mike pompeo name in the announcementhttps://www.londonstockexchange.com/news-article/AST/investment-in-us-gas-oil-and-helium-portfolio/16821216
Posted at 08/10/2024 18:01 by epo001
Can someone remind me what the value of AST's claim is. If in excess of £4.2M wouldn't it be worth the Slovenian Govt buying up AST and shutting down the litigation?
Posted at 18/9/2024 06:27 by chinese investor
2023 News

"Ascent Resources PLC on Tuesday said it agreed to a strategic collaboration agreement with investment firm MBD Partners SA.

The European and Hispanic American project-focused oil and gas exploration and production company said the deal was agreed alongside a material strategic equity investment ‘at a significant premium’. Under the agreement, MBD receives the right to propose the appointment of a new nominated non-executive director.

MBD Partners has agreed to subscribe to £1.5 million in new equity through a direct subscription of 3.5 pence per Ascent Resources share. This is a 35% premium to its closing price of 2.6p on Monday.

Ascent Resources shares rose 15% to 3.05p each on Tuesday morning in London."
Posted at 18/9/2024 06:19 by burtond1
Fair play in these markets......a premium raise! Terrific RNS from #AST ????Ascent Resources announce it has raised gross proceeds of US$1million (£763,170) at an issue price of 2.3 pence per Subscription Share, representing a 4??3??% premium to the closing bid price on 17 September 2024https://www.londonstockexchange.com/news-article/AST/new-premium-funding-tvr/16670559
Posted at 04/1/2024 16:58 by digger2779
How do you think the share price will react when they announce the GM to arrange the ring fencing of current holder's rights to a special preference share/dividend? I have a feeling that this is already priced in and the share price will drop once the ex entitlement date is announced. Not much incentive to buy in after that date although the share price should rise once a settlement is reached. But that could be yonks away. Thoughts anyone.
Posted at 03/11/2023 14:47 by bad gateway
Thats a daft way of looking at things imo chinese what if they lose? you get nothing as denying traders a pot to go for will assure this share price does nothing but dribble down as the date approaches.

Best approach is to do the opposite. Set the record date as the day the decision lands on their desk. They can suspend the shares and if you're in you get a cut.
€656M claim wouldn't be outrageous to expect a £60M market cap if/when they get to the "imminent decision" stage at which point you'd have your investment back and your case for damages falls apart anyway.


"My fourteenth (and last) trance was at the beginning on this year
1,000,000 (in old money) £377
Share price was 3.7p in new money !

On this date I had accumulated 4,000,000 shares (40,000 in new money)
£15,178 !
My break even price was (is) 38p in new money"
Ascent Resources share price data is direct from the London Stock Exchange

Ascent Resources Frequently Asked Questions (FAQ)

What is the current Ascent Resources share price?
The current share price of Ascent Resources is 1.25p
How many Ascent Resources shares are in issue?
Ascent Resources has 307,503,265 shares in issue
What is the market cap of Ascent Resources?
The market capitalisation of Ascent Resources is GBP 3.84M
What is the 1 year trading range for Ascent Resources share price?
Ascent Resources has traded in the range of 0.70p to 1.90p during the past year
What is the PE ratio of Ascent Resources?
The price to earnings ratio of Ascent Resources is -4.46
What is the cash to sales ratio of Ascent Resources?
The cash to sales ratio of Ascent Resources is 2.72
What is the reporting currency for Ascent Resources?
Ascent Resources reports financial results in GBP
What is the latest annual turnover for Ascent Resources?
The latest annual turnover of Ascent Resources is GBP 1.41M
What is the latest annual profit for Ascent Resources?
The latest annual profit of Ascent Resources is GBP -851k
What is the registered address of Ascent Resources?
The registered address for Ascent Resources is 5 NEW STREET SQUARE, LONDON, EC4A 3TW
What is the Ascent Resources website address?
The website address for Ascent Resources is www.ascentresources.co.uk
Which industry sector does Ascent Resources operate in?
Ascent Resources operates in the CRUDE PETROLEUM & NATURAL GS sector