Member Info for jamesjohn

Stockdale... You can't come-up with another reason at this stage. It has to be presented in the time given, otherwise there is no point going through the whole process. The minister however is a different story!

No other body can appeal the permit for the plant, it has been through the appeal process. you have to appeal in the allotted time.

Just to clarify, I will be voting to allow the BOD to raise funds if needed. I just hope they will make the correct decision if they need to spend.

At the moment I don't think we should be accusing people or organisations of anything, we need to wait, but not too long, and then respond accordingly.
No more money should be spent on this project until we have an answer, as I have said in previous posts.

I don't want anything investigating. I believe if they were going to reject the permit it should have been done years ago and saved us our money. AST have followed all procedures over and over again. It is time to say yes or no.

It's this last minute turnaround that needs investigating. Over 10 years in Slovenia, 4.5 years permit process, (and counting), it would seem very little pressure has been put on ARSO.

I was under the impression we had already gone through the Slovenian courts, and the permit was approved. Why we would go through them again is beyond me.

I will remind everyone again, we have not had confirmation that the permit is delayed or rejected. Let's wait and see.

The political system in Slovenia may not be stable. When you look at the leader, his party only won 13% of the votes.

This is astonishing, to think 87% of Slovenia didn't vote for him. A coalition government generally means very little gets done and when it does it takes time in my opinion. Another quick election could happen again, which I guess could hinder us even more than it has already. On the other-hand the right-wing party who won the election, but could not form a government may improve its's share of the vote. Any talk of foreign investment such as ours either taking them to court or pulling out, would reflect badly on a newly formed government. If these comments by their E.minister are not what they seem to be then we maybe OK. However if they are what they seem then this government could be in for a stormy time. I wont pretend that I am bothered about the state of Slovenia, but if they continue to behave this way they will be what seems forever in turmoil. This is very similar to ourselves here in the UK and the Brexit topic, in or out, the longer you take to make these political decisions, the more damaging it can be and the greater chance of investors pulling-out.

Food for thought!

WHYAST....I agree!

It would also be good if Sophie could meet with Marjan Sarec to explain the frustration caused by this news article.

For me the best option is to raise funds in order to take the authorities to court. As little as possible of the raised funds should be spent on this project anymore. We should only spend money on the wells if the BOD are very confident that they can extract more gas to allow us to continue operating.

I am 90% certain we would win our case! The BOD need to prepare the ground work and then a letter stating our intentions should be given to those responsible for issuing permits. I think we need an answer yes or no, or at the very least an exact date as to when an answer will be given. We can then make a judgement as to if or when we proceed with court action.

However before this we should allow ARSO time to respond to the news article from last weekend, we may find none of this is necessary.

I understand the frustration here of genuine long-term-holders, I too am very disappointed at the moment.

The permit situation has always been the Golden Ticket, but sadly Colin and the BOD do not have any control over this.

Colin has made I guess a number of errors. Also we've had some bad luck with the stuck tool etc., but the main issue has always been the length of time it has taken for the issue of permits. At the very least if the permits had been rejected flatly a long time ago we all could have saved ourselves a lot of money. The fact that the Slovenian authorities have continued to vote in our favour time and time again has prolonged the process.

In my view we need to allow the BOD to raise funds to give us the opportunity for those like myself that want to continue and believe we will obtain the permits. For those that don't trust the current situation with the BOD or the politics of Slovenia, then I regret to say maybe it is time for you to sell and move on to a stock you are more comfortable with.

I would like to say two more things. 1) I would like to see the BOD buy a lot more shares to show there confidence.

2) There still is a chance we could even get the permit before we even vote on the fund raising.

I agree this most likely wont go to E.Court, but not because shareholders decide not to fund. It will be due to the fact that the Slovenia authorities will do what they can to stop it. They in my view know they will lose, and therefore pay a financial price not to mention the bad publicity, and at the end of it all AST will still pull out of Slovenia.

I myself will be OK with a fund raising for this purpose, otherwise there is no alternative if the permit is not awarded after all this time.

AST have done everything by the book and passed every stage only for it to be halted at the rubber stamp stage, or at least it appears that way. Still no confirmation!

tony... A newspaper article appeared yesterday. The share price was probably going to go down anyway. Colin had to respond to this.
It is the Slovenian authorities we need to look at.

So far as we are aware, Colin has not had a response from ARSO, in my view we need to wait for that response.

Tony... I think it was an answer to a question from username Jed.

For clarity and fairness ...…. WRT my last post I have to point out that the shares in issue were half that of today. So that equates to 1.5 - 2p.

However at that time the permits were not in place and no Sr interest, plus less debt etc. That suggests it can rise to 4p or more if we get approval from ARSO.

4p is possible. I remember last year it rose above 3.5p on a spike and closed I think just above 3p. This was without the permits in place and no SR interest.

I also believe it will end up a JV, 40-50% of asset for the capital going forward, including re-stimulation. imho.

Because if or when the permits are approved the shareholders will want.

They or any new organisation can't appeal the permit for the plant, the chance to appeal has gone, but maybe for the re-stimulation. The important thing is that ARSO approves the permits. Any interested party needs this clarification.

From what I read in May 2018 the opposition would only appeal re-stim if there was support from local councillors, and at that time there was only one. Also the fact that these two wells have already been through the same process may prevent any new appeal. Those interested just need the authorities to say yes! This gives them confidence to move forward.

I would say a new partner offering the funding for phase 2 going forward, in exchange for a % of the asset.

Many possible outcomes I suppose, but for me this is the most likely.