Member Info for lejjb

Yes.

It's an essential piece to keep the flow of hydrocarbons from a well under control.

Wassatt - the RNSs and CH's behaviour / interviews show his inconsistency re: funding for litigation.
Especially his point in the RNS about getting litigation funding in the least dilutive way possible: a litigation finance business "invests" in your legal action, aiming to getting a cut of the damages.
So you should not have to give money to that company (by way of issuing more shares from Ascent).

I really suspect that he has not actually convinced anyone to part with their money for Ascent: he's been dangling the litigation carrot to PIs since November 2018 (or even late October?).

Report available here:
http://www.aaog.com/archive/summary-notes/AAOG-TLP-103C-13June19.pdf

It's pointed out that the Nutech and Schlumberge results diverge - not massively though.

1.144,402 shares.
It's looking good.

I don't think he can be any faster. it was explicitly explained at the Feb meeting that such compressors don't exist "ready to be installed". they are designed and assembled specifically for the fields where they are to be used. it takes time, and we were told it would take approx 6 months.

It's better because a judgment can be obtained faster, but I don't how much easier (if it all) it is to obtain proper enforcement of the decision.

And it is much more (I don't know how much) expensive than using a regular court system - the latter has some form of caps on the fees, especially the court fees themselves.

Hence Colin needing a lot of (I don't know how much) money - it all revolves on whether he will be granted more placing power at the AGM. Methinks probably not considering that paying for legal fees for litigation was already (one of) the reasons for the Nov 2018 placing rights request. And no litigation has been started!...

You mean guns and blackmail?...

Arbitration is more likely to be successful, esp. as no appeals vs a regular court action, but even so it's largely about the enforcement of a decision.

So a CJ EU judgement against Slovenian authorities would have to be accompanied by a truly painful fine, and be actually taken away from Slovenian remittances (right word?) from the EU budget.

Arbitration is faster and has no appeal, but it's based on a contract between the two parties who agreed to resolve their dispute under the arbitration procedures. Slovenia ignoring an arbitration decision would mean a breach of contract under whichever set of laws the arbitration has been agreed to be under, which itself would need proper enforcement.

Additionally, as notmanymorebrick said, many EU rules are ignored by some Member States because the punishment and/or the enforcement (or lack thereof) still make it worth their while ignoring those rules.

Hence, purely IMO, Slovenia does not seem worried about the threat of getting sued under EU law. And why I suspect Ascent has not obtained litigation finance - probably no lender saw the point in funding a lawsuit that had less than average chances of leading to damages that would actually get paid into Ascent's coffers.

By law, no new info of material significance can be revealed at any AGM. This is so that those who attend do not get given an advantage over the rest of the market at large.

"That means he'd need money to sue."

I was lucky to have sold my remainder off last week to buy into UJO, in the hope of buying back later.

I dodged a bullett there.

If I had any left, I'd sell it off pronto, because I suspect that Colin tried but failed to secure litigation finance. That means that he'd money to sue. But since he can't place anymore without being given extra rights, and since he'd already claimed that the Nov 2018 placing was partly to pursue legal action (which he did not), then I doubt anyone will believe him again...

https://www.ogauthority.co.uk/onshore/well-operations/

UJO can at the very least test for less than 96 hours.

An extended well test is a different thing than putting casing and a liner.

I find that reason he gave complete poppycock. The concession / license is granted by a different ministry. And (with more money of course!!) some other ways of generating revenue exist from the field.

UJO is covered.

1 - when and where did he say that?
2- he actually expressly said by RNS that there was little point in relying on the Slovenian court system anymore, and instead he would escalate the matter before the Court of Justice of the European Union.

You took quick and decision action (something I don't do nearly as much as I ought to!).
Well done and good luck.

https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://www.delo.si/novice/okolje/okoljsko-ministrstvo-potrdilo-odlocitev-arsa-o-potrebni-presoji-vplivov-na-okolje-v-petisovcih-194813.html&xid=17259,1500004,15700002,15700022,15700186,15700190,15700256,15700259&usg=ALkJrhhKTWy_1qy7j4GPBevoMkTwvv8vvw

Oh dear oh dear oh dear... now will Colin finally grow a pair of balls and cobble the money for a lawsuit together?

Oh dear oh dear...

...Now will Colin finally grow some balls?

Actually, there were plenty of trades (incl. decent buys) on NEX, where UJO shares are also traded. It's possible that market makers ramp up their prices on the LSE partly as a result of trading activity on NEX.