RE: Don’t know.13 Oct 2018 20:41
Reply to Fastfoods post.
1) CH is going. Defo. No turnaround in his PT position. He going. He said this a year ago. So this is Beginning of the End.
- If CH gets the IPPC permit, the permits to re-work the existing wells and then a decent deal with INA he won't be going anywhere IMHO. The sp would be North of 2.5p and shareholders would want him to stay. Really!
2) Legal Paper And infrastructure as it is worth £20million ? About right given that the Gas comes out at a squeak.
- The current market cap is £21 million. IF we get the IPPC permit that will be more like £30 million IMHO (1.3p a share). The permit means permission to build our own gas processing unit (or takeover Co. can) thus making the whole gas field far more profitable. Then the re-work permits we may be looking at £60 million (2.6p a share) as permits for the first two would set a precedent for the other wells.
3) Will CH deliver (and ride off into Sunset) Both Permits IPPC And Well re enter > Thus delivering Full Value of the Asset before he goes ? ermmm forgive me for doubting / but Nope.
- IMHO the IPPC permit is in the bag and RNS will be next week.
- The well re-working permits are in their system. On the positive side they have cleared them before (both wells were hydraulically stimulated in I think 2011). Also this process has been used in Slovenia since the 1950's. Good reson to believe the permits will be allowed.
4) Will we get something in between ? Yes I think we will get the Well re enter. I don’t think we get the IPPC because that is golden ticket Willy Wonka situation. I just cannot see new Slovenia Government handing this to AST. Can you ?
- Both make the gas field more valuable and so make Ascent a more likely bid target. iMHO if we get all the permits we will get a bid, or bids for the Company. A massive gas field, permission to hydraulically stimulate the wells and permission to build a gas processing plant add up to a gas Companies dream come true IMHO.
All IMHO.
Sign In
Follow the stocks
