Member Info for lejjb

Hi gents (and ladies?)

You know my position about this company, and it seems that it's going back up where it should be...
(Yesterday's RNS suggests to me that a compromise of some sort has been found with the Slovenian authorities.)

Maybe I should take part too.

This business is just full of gas.

The tone of yesterday's RNS suggested that a compromise of some sort had been found, or was being found - but Colin also made it clear that lawyers had been appointed.

It's even possible that those lawyers helped find the compromise.

But we'll know once the relevant RNS comes out!

Permits rumour?... The RNS of yesterday suggests they are close.

I understand that this tweet is not directly relevant to us fortunately.

Our gas field straddles the Slovenian / Hungarian border.

The town mentioned below is in the middle of Slovenia.
https://en.m.wikipedia.org/wiki/Moravce,_Moravce

CH said it himself in the interview he did to clarify that RNS announcing the end of the SR.

Not for pg 10 - pressure equipment can be installed temporarily - nor pg 11 IIRC - it’s about removing a tool blocking access.

Lawyers appointed then.

He may well have given his notice to resign several months ago - like any other job, you don't leave straightaway unless you are fired (vs made redundant). Even more for senior roles with a much longer notice period than a burger fryer at McDonald's...

50/50 IMO.

The threat-by-RNS almost worked last summer...

Having a more geophysics-driven management team makse that more credible.

Cameron Davies is a very experienced O&G man, having him as chairman (rather than a plain non-exec), as well as a new COO / geophysicist joining the team, makes this outfit much more credible

He went part-time when they were nearing what they thought was the completion of the SR.

CH going back full-time is consistent with the end of the SR and the return of the company being in (attempted) growth mode, outside of Slovenia in particular.

I agree with stockdale. TPT, please be explicit - otherwise it suggests you don’t think that whatever article you share is relevant but that you are trying to mislead us into imagining that there is a link hidden while there is barely any. That may not be your intention, and please be clear in the future - even more so as the amount of research you do is much more than many others do on this BB or Twitter.

That’s a yes from me: I more than doubled my holdings after the resolution of last autumn to allow the BoD to raise more funds was successfully passed.

Kenj, English law does not have the notion of “bankruptcy” for companies. It has “dissolution” and “insolvency”. Totally different legal mechanisms / statuses. Even if AST were to become insolvent (= run out of money to meet its obligations) while the legal action still going on, it would definitely not have to be dissolved, and could instead be declared in administration, helping isolate it temporarily from all new claims from possible creditors. A positive outcome from that court action could bring the money to make it go out of administration and back on its feet. That very thing happened to the owner of Gaucho grills in the UK: the company is back on its feet after a period of administration.

Yes, when the questions are simple, clear and don’t ask for confidential / market sensitive info. And when they are real questions, not complains / rants.

Kenj - this is inaccurate re: low likelihood of finding law firms willing to take on this case. Please read my post of yesterday (or the day before?) for explanations.

I wonder if there is an opportunity for a joint action of some sort with Ascent.

No worries.

Kenj - what comment of mine sums up whatever position well?!?!