Member Info for EmeraldCarrots

Africanskies:-
Number of shares in issue means 5p Is fantasyland.
2p max is my guess if it happens. And I’m not convinced it will.
I could see the outcome of the SR being some sort of new partnership with mix of further dilution and financing from new parties. Hence the complexities referred to in today’s RNS.
But WTFDAnyoneK !
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Hello. It all depends on how the Companies that are still involved have interpreted the seizemic data in tha data room. The other key pints are the price of gas is 50% more than it was last winter AND the price of oil has about DOUBLED. So if 5 or so months ago they thought the gas field was financially viable what do they think now? Fact is the gas field............ that could also produce oil may be worth hundreds of millions. The experts who have interpreted the data room information are the ones who are best qualified to say.
So IMHO a takeover bid of over 3p a share is possible. I'd draw the line at 4p.
All IMHO.

it's pretty obvious there is a lot more to come IMHO.
There are two or more Co's still talking to Ascent after seeing the data room seizemic and other data. This was confirmed today in the RNS. After all this time the only conclusion I can come to is the data room seizemic shows potential enough for them to either do a deal with Ascent, or it's that promising that they are willing to take Ascent over and invest heavily themselves. What other possible reason could their be? Really.............what?
The significance of the IPPC permit to build a gas processing plant at our gas field site is simply this. At the moment the gas is piped to INA in Croatia at about a 30% discount to the wholsale gas price. This is currently the only way to sell our gas as it has too much Co2 and they have the plant to scrub it. With permission to build our own plant it would mean another Co could buy Ascent WITHOUT the need to trade the gas with INA. Thus INA is no longer necessarily the most likely Co. Ascent will do a deal with, or get taken over by.
IMHO the permit is extected litrally any day this week and if it arrives we will be waving good bye to 1p very easily.
With the permit the market will take on board the potential I have descibed above.
Good luck all.
All IMHO.

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Why does your post say "only a couple of weeks to wait"?
IMHO it is far more likley Ascent have aired on the safe side (i.e. doubled the likely arrival date?) so they don't get caned by their own shreholders yet again.
I believe they are expecting the permit THIS WEEK as I believe they must be airing on the safe side. Wouldn't you?
For me it's Wednesday or Thursday this week.
F it goes into next week I will be very surprised. Very.
All IMHO.

week. I mean after all the missed dates over the last few years they simply must be airing on the very cautious side. Wednesday or most likely Thursday morning I expect an RNS to say we have finally got the permit.
All IMHO.

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so about 50% HIGHER than last winter.
Also Brent crude is near 4 year high. Currently $82.95.
As far a gas and oil prices go it could hardly have been better for Ascent over the last several months,
Especially the price of gas. Who would have thought? The Co's still circling will be very aware.

as in plural.
"significant progress with respect to our long-awaited permits."
Strategic review:-
"The Company continues to have positive discussions with more than one interested party."
More than one. It's highly likely both are waiting for the permit news of course.
Maybe getting an IPPC permit is like climbing Everest dressed is a suit of armour. These other Co's maybe looking to the future. In years to come if you have a modern gas processing facility In Slovenia, with Croatia, Austria and Hungary's borders relatively close by maybe it's viewed as a significant plus??

I can't see the board putting out an RNS with a time scale on it that is not very, very confident. I would tjink they have been told this week and have added a week to be sure.
Makes a lot of sense to me.

They have missed so many dates if I were them I would add another week to be on the safe side.........

Hello. I was not saying the posts are necessarily lies. I was saying you just don't know. I think I'll stick with the feed back from Ascent themselves as I mentioned.

Hello. I'm not phoning them because I am aware Colin is happy with the way things have been progressing (although he would have liked to have got the permit by now of course). That is good enough for me. Previously of course he was not a happy bunny.
Thanks.

someone here expected the sp to drop end last week due to it being the end of September, and the RNS before the most recent one hinted Ascent expected the IPPC license this month. Of course the most recent RNS said "soon". Now various people seem to have phoned the authorities (or have they??) in Slovenia and beed advised it is close to being sorted. One claims to have been told they are waiting on two ministors (so any day?), the other clains to have been told mid October. Sorry I'm starting to laugh as anyone can post lies here if they want of course. Who was it that was saying the Russians have a contract that means Ascent can't sell any gas to Slovenia!! I must admit that total and uter lie is quite amusing in retrospect. Good one. Let's hope not too many people believed it.
I have to tell you I receved a large envelope this morning and I opened it without really taking much notice of the address on the front. Would you believe it! It's for Ascent in London, not me! Postal service just gets worse and worse! Any way there is a piece of cardboard inside which says "IPPC Permit". It then says "this is to certify that Ascent Resources are permitted to build a massive expensive plant to process gas from their gas fiield. Expiry date: End october 2018.". Blast! Looks like thet will have to apply again!!! LOL!!!!
All IMHO.

fined $15m. However no prises for what all those finance houses are going to do as it appears some lost $mountains after his famous tweet. Form an orderly cue........

Slovenia does not have it's own source of natural gas. LOL. Really???? |It also says that over 60% of Sovelian gas is from short term contracts. Page 102 also says "The traditionally largest source of natural gas until 2013 was the Russian Federation with more than 50%, but due to market liberalization, this source was replaced by Austria. Because
of price differences the share of gas from Italy significantly decrease." Well, well, well. What were people saying on here some months ago about Russia??? LOL!!!

https://www.agen-rs.si/documents/54870/68629/Report-on-the-energy-sector-in-Slovenia-for-2015/f1302ae0-7267-4ae7-b74d-7ce8c4323043

the question is where is the sp going.
Permission to build the gas processing plant in Slovenia on the land we are already on makes the next phases of the gas field development more viable. Selling the gas to INA at something like a 30% discount to the wholesale gas price is all very well (as we do now) but with the plant we would get full price selling direct to the Slovenian grid. Lets' not forget the wholesale gas price has gone up 50% since last winter. Those Co's still talking to Ascent involved in the strategic review will view it as a massive positive (license plus 50% rise in gas price!!).. Indeed it's likely IMHO that deals or even a takeover are dependant on the IPPC license being received. The rise in gas price is just fantastic news franky as well. At 0.78p Ascent's market cap is £17 million. So what increase in value might the IPPC license bring? What benefits?
1. Get the full wholsale price for the gas rather than selling in to INA for approximately 30% less.
2. Makes the whole gas field development viable for ANY COMPANY that has seen the data room seizemic etc. and have concluded the fiels in commercialy viable (note wholsale gas price is 50% higher than last winter, oil price is about double).
3. Ability to process even the maximum amount of gas envisaged by Ascent (32.6 MMscfd in 2022).
4. No doubt there will be spare capacity, especially when the plant is first built. Question. How many other gas Co's in (or around) Slovenia might need their gas processed for a fee in the same way INA currently processes ours? In view of Ascents fiour year wait for our permit how many other processing facilities are there in Slovenia?? None would be my guess frankly.
I find posting helps to think things through by the way.
I'm thinking we could be looking at more than a 50% rise in the sp all things considered.
0.78 + 50% = 1.17p...... call it 1.2p a share minimum making market cap £26 million.
That is my opinion. We have 50% rise in gas price, potential bidder with the IPPC license received, bidder also having a gas processing plant in Slovenia, quite possibly being the only one and could process gas for other Companies.
The next hurdle will be the permits to re-work the two existing wells. Those are expected shortly after the IPPC one.
Assuming they are received the chances of a takeover or deal increase dramatically further and then I can see the sp increasing to 2.5-3p. Two bidders and we will be North on 3.5p a share IMHO.
All IMHO.

Yes. That was a joke!

applied for (see last RNS). I wonder if 4 years is enough time for ARSO to process it?

does it not??

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