Member Info for Afrim

Reso posts facts! When? Where?

I missed the match last night. Did Belgium put their first team last night? I heard one of their reserves scored. ;) As the saying goes “you can run but you can’t hide” sooner or later you have to face tough teams if you want to be a champion.

Flowback commenced, on schedule, at 22:30 11th June (AK time) to clean-up stimulation fluids from the Icewine#2 borehole with a well head pressure of 3,000 psi and flowback rate of 253 barrels of water per day. As at 1230 12th June (AK time), wellhead pressure was 816 psi with a flowback rate of 160 barrels of water per day. Based on the pressures and flow rates, there is no indication of any impediment to flow through the perforations at this stage. A production log has been run to confirm this, and the results will be disclosed to the market once the report has been finalised. Â At this early stage of flowback, the fluid has not been run through the separator, so the hydrocarbon rate has not been measured. Flowback through the separator and gas chromatograph is expected to commence today. Â The velocity string, comprised of 1.75" coiled tubing, is ready to be installed and connected to nitrogen lift utilising a membrane unit, currently set-up on location.

Imminent!

My little concern has been, I could be wrong here, before INA they raised 1.5 m in case INA deal takes longer. Immediately after that we started to sell to INA. Income started coming in January. My question is what happen to the funds raised and since the cost of opening another well is around the same why was not that money used for that purpose whilst income coming in from INA covering other costs. Do we still have that cash somewhere and what is going to be used for. I can not imagine that has been spent already.

Unless is his “genius” tactic to put pressure on Slovenia to issue the IPPC or the asset is going elsewhere! Hmm. Although I have my doubts based on experience with him so far.

He clearly wants to make sure that this SP does not go up for someone interested but not interested to pay a premium. “He is looking after us shareholders!!!”

No doubt it has rattled few experts:)) it just shows how quickly this could rise with some good news. Hard to get in in my opinion after that;)

The train is about to leave. You are either in or out:))

Scott you are right it was bit vague. "We have a good relationship with INA and the outcome will be a solution that will benefit both parties.......something along those lines i think he said". What does that mean?!!

"No Slovenian companies interested! Its a wide range of companies interested listed in LSE, private equity funds and companies listed in other stock exchanges." I would not care who is interested but if I were to bet who is the main interested party I bet is INA. No sign of renewal of contract. They don't need IPPC, environmentalist (not Reso) happy. I think it will come good regardless what RTN thinks:))

Or this could be a turning point SP gradually rising. All guess work a. We know nothing me thinks!

Dbc, but you have not been drilling in petisovci have you?

Well TPT he did attend one of this meeting in London trying to persuade institutional investors to invest and was not very successful. He said they are interested but only if the share price is lower. Well much lower in fact it is now and yet no much interest from II. I think he knew very well what will happen to the share price. He did say that to give us fools hope that if the share price drops ii’s will invest. If he does not come up with solution in my view he needs to go and a better ceo to come in. He can not be trusted.

Thanks for letting us know. Good luck

Stupid question....,did someone mention car analogy early on this bb?

"....good relationship with INA....discussing penalties and there is solution for everyone.....no impact on cash flows". Hmmm! INA are interested party. Why would they penalise AST and then make a bid? But the question remains if they are the interested party (which I think they are) will their offer impact us shareholders? Hope not! 4p is good and not to greedy I think.

Jacksdad, you are right....is the most relaxed and confident interview I've seen so far.

Steve, which institution has holding on AST that you know?

Well your post early was very constructive and very beneficial to all the pi.