The company is a bit of a gamble17 Jun 2019 20:46
It wouldn't be if the authorities let ascent get on with developing this asset. A lot of investors/shareholders who have bought shares also believed in this project. Ascent has no debt and was producing decent cash flow when the wells were originally put into production the problem is we cant do anything without the permits which is a stranglehold on us. These permit applications should of took 3 months max but no 2yrs and still not delivered because we require an EIA which should of been stated at the beginning of applying for the permits? It just smacks of corruption and nothing to do with the environment we need to have our day in court and win this not just for us but for other businesses that are having difficulties in operating in a country that's in the dark ages... gla