Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
https://sloveniatimes.com/natural-gas-powered-vehicles-to-be-exempt-from-excise-duties/
This should give you a starting point. https://www.ascentresources.co.uk/operations/slovenia/
https://www.petrol.si/prodajna-mesta/1753-bs-pince-ac-jug-bencinski-servis
The best point about this asset is that its so near existing infrastructure, the asset could be viewed as a ready made storage
tank of natural gas. No relying on gas from other country's with just a small hurdle to implement a gas cleanup process then straight in to national grid. Good for local supply, good for national grid supply, good for export. It wouldn't take much to generate electricity from this gas ready to pump in to homes and electric vehicles soon to be using the A5/E653 they even have a motorway service station just down the road probably readying themselves for those electric vehicle charging points in the very near future.
The asset needs the agreed authority to maintain the wells and keep production flowing. The whole point of this project was to establish and prove up the asset for phase I . That was done ages ago. The whole area in the region has been used for gas production for a long time, hence the amount of infrastructure in place. You only have to check it out google maps. Phase II authority for the building of a gas cleanup processing plant has already been granted. AST estimated that would take 1 year and cost 10m to put plant in place. It wouldn't be rocket science to all of a sudden find that some of the existing plant in the area could be adapted and put to good use. These government negotiations will no doubt include some form of joint plan for progression of the asset and lock in commitment to all concerned. Its the only way forward for this whole project and phase II.
https://www.ascentresources.co.uk/investors/shares-shareholders/
Should be due another .
Align get 900,000 shares today and another 900,000 lot tomorrow, HSBC yesterdays below reporting threshold notice, PG11a is producing 2000 sc per hour/was 12000 per day. AST decided to close off due to low volume requirements in local market.
Could all be related to try to gather the windfall.
PS and a few empty stock tanks that need filling.
https://www.google.com/maps/@46.5369543,16.4529156,543m/data=!3m1!1e3
from 6.031 % to 5.872 % Probably due to a re-calculation after the 900,000 shares issued on 15th to align.
https://www.sharesmagazine.co.uk/news/market/LSE20210111070007_3839887/Exercise-of-warrants-and-loan-repayment.
I would imagine they would suspend trading if full value is to be returned. they walked the price down form 3p then they consolidated by a factor of 100 and now have 3 x the shares post consolidation. This represents the damage done to AST
AND prior to all this damage the company was primed to be worth in excess of 100m plus . A Low ball Slovenia asset value was 125m that alone is the first £1.25 of value.