Member Info for foolsgold07

This week should be Hydrocarbons =potential oil patches, in the seebee...
Key area, flow rates and commercial viability 3/4 weeks time,,,,
Lets hope its 400 M B + and is commercially viable....
Anyone for price if it is????

Cash shell for 6 months -delist and take the money IMHO...its AIM after all

Thank you to those who have quite rightly objected to my very basic comments.
You are correct that this wasn;t an entire failure as data can be derived for future analysis
which may well result in a more informed decision for the next exploratory well.
However we have to be honest and say that it wasn't the result most investors
were hoping for.
I like most others on the Bulletin Board have a reasonable level of investment here and
I am hoping for some positive short to medium term feedback. We just have to hit oil with good flow rates
and then a good farm out to seal the deal, Even sell the entity or better still retain the asset and lets
have dividends.

It would appear that last years spud on ICW 2 & its failure has been the catalyst for
a lack of forward momentum here....
Lets hope its only temporary

The wells are declining in production volumes every month,,,,we are now down to 70K
for last months income. Without the re-stimulation permits we will be left with only costs.
The company at this stage can simply not justify the salaries.
I would suggest that at this months Shareholders meeting this subject has a prominent position.
NO revenue = more placings/primary Bids, just to keep the working capital going at a heavy
cost to shareholders. The lack of Director investment probably tells the story, as well as going from
part-time to Full time, Easy money.

The critical component at this moment in time and an area the company should be
completely focused on if they have the interests of the shareholders at heart is the
re-stimulation of those wells,,,we need continuing monthly revenue streams to avoid
eating into the cash reserves. Forget more strategic reviews (yes as and when the company
is in a position to look further afield of course all well and good.) CH needs to shore up that
balance sheet and ensure the lights stay on from well production and not the continual
generosity of shareholders. Get around the table with the key players and make decisions.

Short to medium term Bar Chart signal indicators are rating this
a BUY between 80% in short to 100% medium term.

You may recall CH valuation on the entire asset being valued at 200M.......
This business is all about the Permits ....further strategic reviews and looking at
other opportunities as per CH podcast is all about attempting to gain some
longevity for the company and allowing the BOD to maintain their lifestyles off the PI's.
The interim accounts to 30th June 2018...recorded revenue streams of 2.1M for the year,
Cost of sales at 400K and ADMIN (WC-costs at 888K)
We can now say the revenue streams have reduced to no more than 100K per month (
based on Nov being 96K and Dec 84K ..allowing for some improvement in GAS prices.
Based on current trends we are looking at a diminishing revenue return but with a
still very high Executive cost base,,,Re-stimulation permits are needed and yes I know
the BOD are looking at other methods of increasing production without permits but time
is running out. Yes they have generated some more cash through PB, so we are OK for now
but all this does is cover the high cost to revenue returns and by May/June the recycle will continue.
CH has delayed the legal route because he knows that the threat is more important than the
action (even if it is win scenario) as no result will be forthcoming for many years especially if
this is politically motivated,I just cannot see a way out without the permits. I hope I am wrong as
i am invested ...It would be good to hear from CH as to what ARSO are now doing with these permits .

Bar chart Trading system averages are currently showing ....
a 72% sell as an overall average signal.
This is based upon a variety of popular trading systems as to whether to go
LONG or Short the Market.
This is not a recommendation just Trending patterns,,,,DO your own DUE Diligence
ALL IMO

Yes they have done a runner with shareholders funds, becoming quite an epidemic on AIM

No CH is unlikely to wind up the company "Turkeys don't vote for Christmas, where else
is he going to earn his current salary.As long as PI/s continue to fund his lifestyle he's on a winner.

What is striking is that in every RNS and PODCAST, there has been a lack of detail.
There has been no specifics in relation to his dealings with ARSO just general bland statements.
Whats reasons have ARSO provided for delays, surely as CEO with many years of
experience in the region he must of built up some relationships>>>the fact that they are not
responding indicates his lack of credit-ability. IMO

The IPPC permits has to be CH main goal, the fund raising via placings and primary bids
just buys us a short amount of time.The legal compensation factor is the threat that hopefully
provides the catalyst for ARSO and the Slovenian gov to issue permits. CH knows that whilst we
have a strong legal case with a high probability of a successful outcome any payment awards
will be years away. In the back of CH's mind is the unknown factor (and this was alluded to in one
of the earlier presentations on LSE) that if this is in any way politically motivated then for all of AST goodwill
we will have no further business to conclude in Slovenia. The environment ministers appointment at such a
crucial time for AST is another indicator that political factors could be in play. These new appointments and CH moving to a Full time salary will be absorbing even more working capital and yes the new ventures, whilst necessary
to move the company forward strategically are not going to be cash generative for sometime. Which begs the question whose going to be PAYING to KEEP the LIGHTS ON,.,,,?????

ARSO will be fully aware of the legal implications should AST choose to
invoke proceedings. Providing AST have followed the environment agency's
own procedural application process they will not be wanting this to enter into litigation.
Once litigation commences ARSO will be well aware they will be liable for costs on the award of permits.
That is why IMO, permits will be issued or a very good reason provided that must be
based on solid legal grounds as to the reasons why permits have not been issued.
AST cash position is not as problematic as originally thought and a new technical team
in place strengthens AST's position. Pressure will now be mounting on ARSO to issue.

ARSO will be fully aware of the legal implications should AST choose to
invoke proceedings. Providing AST have followed the environment agency's
own procedural application process they will not be wanting this to enter into litigation.
Once litigation commences ARSO will be well aware they will be liable for costs on the award of permits.
That is why IMO, permits will be issued or a very good reason provided that must be
based on solid legal grounds as to the reasons why permits have not been issued.
AST cash position is not as problematic as originally thought and a new technical team
in place strengthens AST's position. Pressure will now be mounting on ARSO to issue.

Many thanks for the information....it would appear that this should be one of their
priorities .......

New LSE....it is my understanding that re-stimulation permits are separate and are still required
to enable access...

Until CH returns to the MARKET for more funding........
Diminishing revenues from existing wells will not cover costs....
Yes we have 400K CASH so OK to cover working capital for now but without
the permits to re-stimulate wells it will not be long before more cash is required.

Yes I thought so,,,money for working capital, yet again....

Once delisted just take it as a capital gains loss and offset against your
profits for the tax year.