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
  1.25 11.76% 11.875 2,768,359 14:41:05
Bid Price Offer Price High Price Low Price Open Price
11.75 12.00 12.125 9.80 10.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.30 -3.66 -0.14 13
Last Trade Time Trade Type Trade Size Trade Price Currency
15:34:12 O 8,768 11.7525 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 10.63p.
Ascent Resources Plc has a 4 week average price of 9.80p and a 12 week average price of 5p.
The 1 year high share price is 15.75p while the 1 year low share price is currently 1.88p.
There are currently 109,376,804 shares in issue and the average daily traded volume is 894,734 shares. The market capitalisation of Ascent Resources Plc is £12,988,495.48.
nash81: nicely said by Ivan in LSE: those who have done research knows that Slovenia have avoided 2 recent litigations with other companies and paid them all. Slovenia does not have strong desire to get it prolong in court and damaging their reputation. not to mention high court cost as well as Slovenia do not have strong case to defend. what even more encouraging, is that Slovenie agreed to discuss out of court settlement with AST. and yes, who said AST cant afford expensive legal battle? we already have lawyer line up for no win no fees basis if i recall. you can read more here: hxxps:// and google it yourself rather than listening to derampers here who try to install doubt to your investment in AST. Golden rule, derampers never turn up on a bad stock, where were they this time last year when the share price was 3p and only 2 posts a day?
chinese investor: "The turnstile has stopped spinning and new management is in place at oil and gas explorer Ascent Resources (Aim: AST). A revised strategy and a higher-quality shareholder register in late 2020 could release significant value. The group became a basket case under the previous managers, not least thanks to a stand-off with the Slovenian government, but the new team has used 2020 to diversify and ensure the firm’s longevity doesn’t depend on just one project. Few rivals can boast assets like Ascent’s. With its Cuban operations in the pipeline and a more level-headed approach to negotiations with the Slovenian authorities, it’s worth another look."
chinese investor: We'll be the last to know of any offer... ...but the share price will give us an indication !
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.
nash81: AST was 100m mcap back then when we were in production and now AST is back to production!! our mcap should be at least 25p on production alone add that settlement news, should be 50p easy. profit takers giving chance for some to buy in cheap before actual news soon
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: 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: 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.
Ascent Resources share price data is direct from the London Stock Exchange
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