Member Info for lebugue-addick

Gerry - from April 2017 http://www.lse.co.uk/share-regulatory-news.asp?shareprice=AST&ArticleCode=ilyo5pjf&ArticleHeadline=Audited_Final_Results

Tables do not copy and paste well from the statement to this BB so best to view the link. I know CH always talked about the potential market value of the company being a couple of hundred million that's why I asked the question.

Summary of Group Net Oil and Gas Reserves
Net Reserves and Resources
-

These figures are based on RPS gas-in-place estimates with a management assumption of a 50% recovery factor and Ascent's 75% participation.

Tested and/or produced commercial sands are included as reserves while untested and unproduced sands remain as resources. The condensate content of gas is not included.

Remaining reserves have been adjusted to take account of historic field production, which to the end of 2016 was 8.8 Bcfe.

Proven Reserves (P90) are those quantities of petroleum which can be estimated with reasonable certainty to be commercially recoverable, from known reservoirs and under current economic conditions, operating methods and government regulations.

Proven + Probable Reserves (P50) includes those unproven reserves which are more likely than not to be recoverable.

For the P90 (P50 and P10) Reserves, there is at least a 90% (50%; 10%) probability that the quantities actually recovered will equal or exceed the estimate.Â

Contingent Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent resources may include, for example, projects for which there are currently no viable markets or where commercial recovery is dependent on technology under development or where evaluation of the accumulation is insufficient to clearly assess commerciality.

Prospective Resources are those quantities of petroleum which are estimated to be potentially recoverable from undiscovered accumulations.

Gerry - what is npv of the asset in the ground?

it's a Tier 1 company Hull as you well know. Don't you think they would have pulled out by now if not worth pursuing?

that's the rottenest pun - the quokka we return to talking about 88e the better

looks like a good appointment with 4 years' experience of HNR already

morning HH - good to "see" you here again. It has been a long wait but finally IPPC approved. Hope you are well

S4K - no need to worry; Desmond only has a barrow in the market place to crawl back to

visa - don't need no credit card to ride this train. That's the power of AST

it looks like over the coming weeks there will be more investors coming aboard , slightly different to that seen since Christmas. It may take a while for the penny to drop but this should gather momentum in May and June imo

steel titan - looking at your destructive posts, here is a sample. Your nickname certainly is justified:

"New soon ?You must be joking
Matt Lofgran can’t even spell ‘Soon’
Thu 14:33
Looks like doorkey has has the last two posts removed
Wed 13:10
Spot on fella
I’ve been saying this for years
It’s a lifestyle company. The board couldn’t give a fook what the sp is doing
MATT LOFGRAN needs to go. It’s his name which is holding this company back now.
10 years he’s been at the helm and he’s made a f in mess of it.
Problem is if , he left no other company in their right mind would touch him with his shocking track record
29 Mar '19
Crap
He has nothing to reveal
How would that be price sensitive
He’s already stated the farm in intention to develop
It’s expected
26 Mar '19
He hasn’t got an f in clue what he’s going to do
He has no farm in lined up or any drill programme .
If he had a plan this would have been disclosed in the recent waste of time presentation
21 Mar '19
Looks like Lofgrans presentation is having a downward effect.
Keep up the good work logrunt"

oh I see you have 3 followers - wow what exciting friends you have

agreed - steeltits is a prime example!

New2 - people still offloading placing shares perhaps?

Brom - sorry to hear your news. Be strong. I lost both my parents and my mother in law in the last 15 months and time is a great healer. Not much comfort I know but things do get better. ATB

Mastercardpub - give it a rest. All we hear from you is negative, negative and more negative. Your posting history says it all

Pboo - possibly the old adage "no smoke without fire"

X-T did it mess with your short

x T - if you explain why it's a strong sell and give your motive and your shareholding (presumably nil) then people can start to think about taking you seriously. Otherwise the doubts will remain about you - why would someone who does not hold any shares spend time on a BB slagging off the share, particularly with only recent share interest in AST according to LSE:

Member Since: Wed, 19th Oct 2016

Number of Share Chat Posts (all time): 14
Number of Share Chat Posts (last 30 days): 5

Last Posted: Today 17:33

Article headline: "Ascent Resources wins permission for Petisovci refinery........."

https://www.total-slovenia-news.com/business/3401-uk-s-ascent-resources-wins-permission-for-petisovci-refinery-still-lacks-low-volume-hydraulic-fracturing-permit

Translation - "ARSO issued environmental protection for the gas refinery in Petisovci"

Thanks TPT!