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Ascent Resources Share Chat (AST)



Share Price: 0.45Bid: 0.40Ask: 0.50Change: -0.05 (-10.00%)Faller - Ascent Res.
Spread: 0.10Spread as %: 25.00%Open: 0.475High: 0.475Low: 0.45Yesterday’s Close: 0.50


Share Discussion for Ascent Resources




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Fastfood
Posts: 1,237
Opinion:No Opinion
Price:0.525
RE: Concession Contract
16 Apr '19
Only Hutchinson and Clive Carver know what they have. And they keep Selling it. But FEAR Not young disciples .... It all may Drop into place just yet. Petisovci pumping Gas at Full Capacity...
 
reso
Posts: 4,560
Opinion:No Opinion
Price:0.525
RE: Concession Contract
16 Apr '19
I noticed we've closed the gap today, followed by a dead cat bounce, to close the day in decline.
Several posters are still hoping for the re-opening of the data room and seem to like the idea of a buyout. Obviously they haven't bothered to read this thread. If they had, they would for sure be making their day free to attend the next AGM. They really need to be asking some serious questions of the BoD, if they believe a buyout will be in anyway beneficial to their 'investment'.
Fastfood
Posts: 1,237
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
I remember Hutchinson saying on Media that Investment Institutions wanted this below 1p before they would consider Investing in this one. Well here we are. Maybe he should have reduced his MCap estimate by 50% ?
The End Game for Slovenia is not a happy marriage with AST. Clive Carver building that pipeline to Croatia saw the end to that. Just so he could get his Pay out.
All aboard the AST train.
reso
Posts: 4,560
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
Fastfood, I'd say that's pretty much correct!
Fastfood
Posts: 1,237
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
Reso. I now bow to your superior knowledge. As I understand it / If AST Slovenia did get Taken Over / then AST plc would be able to ringfence the money to invest in New Projects ? Hence not have to Return the Takeover money to current AST shareholders ? Have I got that correct ?

How would we ever find out who were in the data room ? Maybe the Robot from Lost in Space was in there ruining all the paperwork ?? .
TinPotTrader
Posts: 3,040
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
Reso,
ACQUISITIONS & VENTURES depend on PERMUTATIONS, COMBINATIONS. AND PROBABILITY!....?....;-)
reso
Posts: 4,560
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
Fastfood, what also needs baring in mind is if and it's a big If, there had been any real interest in the data room ( it's still a mystery ), it would not be for Ascent Resources Ltd. Any takeover/buyout would surely be for Ascent Slovenia Ltd., leaving AST as a cash shell and again a non producer, possibly looking at new acquisitions/ventures, so again unable to achieve any increased shareholder value in the near term.
Fastfood
Posts: 1,237
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
The Data room !!! They were waiting on the IPPC ... We have it.. Is the phone ringing ??
Fastfood
Posts: 1,237
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
What is the Plan Colin Hutchinson ? Step 1. By what date can we get the Processing Plant built / Given that we now have permission ;) ..and we are the Financiers ... Let's get on with it Hurrahh ...
Fastfood
Posts: 1,237
Opinion:No Opinion
Price:0.575
RE: Concession Contract
15 Apr '19
So AST have another 31 Months until that Contract ends. Best get Building that Processing Plant then ? Need to raise a £10.000.000. Need 4 to 16 Well Permits to get that FDP going !!! So that’s another £8 to £32.000.000 on top of the £10.0000.000. Wait a minute... We need a Partner ... But we are already in Partnership.. We have raised money with PNB Paribas before. (I bet they didn’t appreciate Hutchinson mentioning their good name).
reso
Posts: 4,560
Opinion:No Opinion
Price:0.575
Concession Contract
15 Apr '19
Maybe of interest to some and after much that has been speculated regarding this matter, add some clarity ( unless of course, someone is able to furnish some more recent documentation relating to an extension of this or to negate it's content ).

http://www.slovenski-plin.si/pdf/Press_IZJ_geoenergo_zajtrk-13.2.2014.pdf

The document title:- STATEMENT TO THE PUBLIC, dated 13.02.2014
I've translated the two key paragraphs, which appear at the bottom of this document/report:-

______________________________________________________________________

About Geoenergo d.o.o.

The mixed company Is 50% owned by Petrol D.D., Ljubljana and 50% owned by Nafta Lendava D.O.O.. Geoenergo, who in accordance with the signed concession contract from 2002 to 2021, is the holder of exclusive rights for the exploitation of mineral raw materials in the acquired area of the Murska depression. Geoenergo is the producer of natural gas and oil in this area. Gas and oil from existing production wells have been continuously produced here since 1943. Currently, the produced gas is sold to economic operators at the site, as there is no appropriate connecting line to the transmission system. In order to further develop the gas oil field, the company has a joint Operations Agreement with the company Ascent Slovenia Limited, which provides funding for the necessary activities.

A Favourable home and reliable source of energy represents an exceptional opportunity for the development of a competitive economic environment in Pomurje and the whole of Slovenia and consequently the creation of new jobs with higher added value.




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