Member Info for New_2_LSE2018

https://twitter.com/HMASophieHoney/status/1098293381518819330?s=20 Jeremy Hunt in Slovenia tomorrow so I would encourage AST holders to let him know what we think of our investment in Slovenia.....

Forget the pitch forks I will only be asking what value are the BOD adding.

Yep. MAGNa has a hard slog, bit is massive amount of money with government subsidies. The Minister lemon head walked out of the meeting before the end but basically it’s going ahead as best for the country. The other issue brewing is the hydro plants on the river mure, companies have been encouraged to invest in studies only to then be told by Minister Lemon head that the river mure is protected, they are all asking for compensation. Minister Lemon head destroyer of any projects.

It’s his comments from the other day when he was involved in a scandal on a scale model project which has resulted in a number of people being arrested. "I'm going to continue tackling waste, which is big business in Slovenia, insist against fracking in Slovenia, and demand that sewage be built to the highest environmental standards," he said. He’s a media *****, all he’s after is attention. Caught lying 3 times before, funny how he made the arso minister resign after he didn’t report the meeting with ast, ngos and minister of commerce to corruption agency, yet minister leben who lied about his education to get paid more, pushed a project to get cars in all levels of government which was ousted and now oversaw a project which had resulted in all other people involved getting arrested for corruption. I for one hope this minister falls on his own sword. And soon.

Is there a link to the article?

The big seller obviously doesn’t think anything is imminent, Minister Lemon won’t resign so easily he’s a knob.

"As I understand, Ars has received six independent expert opinions and all confirm that the process has no environmental impacts. In addition, low-level hydraulic stimulation is carried out in Petišovci for years without negative effects. We hope that our role will be approved based on the opinions of renowned experts, "continued Hutchinson. That’s the golden bullet, I think we are awaiting the Minister to put the noose around his neck by denying the permits based on his own agenda ignoring law experts and common sense. That’s why Minister Lemon will just continue to delay and say well it’s with arso and then like the scale model scandal he will say that oh I wasn’t aware.....

Colon is alive praise the Lord https://oe.finance.si/8944742/Leben-bo-vztrajal-proti-frackingu-Kaj-pravijo-v-Ascentu?metered=yes&sid=572438178 Leben will insist against fracking. What do they say in Ascent? "The minister's statement surprised me. We do not carry out 'fracking', but stimulate a smaller scale, 'said Ascent Resources CEO Colin Hutchinson. "Many experts can explain what we are doing and this is a common practice in Petišovci for 70 years. Other procedures in the region, Croatia and Hungary are also carried out. " In June 2014, submitted an application for obtaining an environmental permit for a natural gas purification device, and in May 2017, a preliminary procedure was initiated to determine whether the implementation of minor hydraulic stimulation on two wells influences the environment. What about the applications? Our role is in the Ars process where they will make a decision. Decision making is independent and we will not affect it. The minister also said on several occasions that the procedure is under consideration at Ars. " "As I understand, Ars has received six independent expert opinions and all confirm that the process has no environmental impacts. In addition, low-level hydraulic stimulation is carried out in Petišovci for years without negative effects. We hope that our role will be approved based on the opinions of renowned experts, "continued Hutchinson. I think that the project will bring Slovenia significant environmental benefits. The production of electricity from natural gas generates by more than half of the less carbon dioxide than coal production. Gas is recognized as transitional fuel on its way to a low-carbon society and can also help Slovenia achieve the climate goals. " Ascent Resources recently announced the expansion of operations in Croatia. What's going on there? »In Croatia, the second round of licensing for the conduct of hydrocarbon research on land is under way. Seven sites were offered to domestic and foreign companies, one of them very close to Slovenia. Foreign experts and foreign capital are welcome assistance in developing natural resources for achieving Croatian environmental, economic and strategic goals. " "For us, it is an interesting area that is close to the Slovenian border, because we have a good idea of ​​what potentials could be there. The call is open until the end of June, we will try to get data and decide on cooperation, "Hutchinson said.

27th of next Jalember

Maybe TPT wants rid of colon herself hence why she keeps mentioning it. Support the calls to make the board accountable and justify their remuneration whilst the company fails to make progress and has diminishing revenues....

Well well well... TPT.... nothing useful to say I’d just keep quiet, your theory’s of John Banana man the saviour we all heard it before. I see the ramp ramp crew won’t answer whether the salary of the BOD is justified given out current gutter position. Enough said.

Answer the question is the BOD renumeration commensurate with the position of the company? If it was the difference between the company going bust or the BOD keeping their salaries at a level which is unsustainable? Guess what they will keep their salaries the same in the belief that shareholder will dig into their pockets again. The last miserably failed fund raise was the ultimate slap in the face for the bod yet they still won’t accept it was a failure.

I have invested over 120k in this asset with the belief that it would be managed to conclusion not stretched out to just pay for BOD lifestyles. So before you accuse me of being doom and gloom, stick to the facts, #ast BOD accountability# and we want it now.

I reiterate again there may have been some emotional comments about removing Colon, I don’t blame people who have watched this share fall from 3p being told that they were foolish to sell, all the time whilst the stuck tool was shared with Henderson’s so they could offload, imho. Stick to facts, is the BOD remuneration commensurate with the company’s position currently. Simple yes or no?

I simply asked Is the BOD remuneration commensurate with the state of the company, the income stream is diminishing each month? The increase in salaries was on first gas, however sustaining the gas revenue hasn’t come into play, clever tactics that from a BOD delivering shareholder value. I await your response Colon lovers Eileen and TPT.....

Eileen. Which bit is doom and gloom? I haven’t asked for colon to be removed or John. Have only asked for accountability? Why let the truth get in the way of a good story. You have just shown you are a long follower of colon. My question is reasonable do you not think? Which bit of it is doom and gloom???

Eileen and TPT playing on people’s fears, look people you as shareholders can hold the BOD to account, we have asked one simple question which the BOD cannot answer- Is the BOD remuneration commensurate with the state of the company, the income stream is diminishing each month? The increase in salaries was on first gas, however sustaining the gas revenue hasn’t come into play, clever tactics that from a BOD delivering shareholder value. I await your response Colon lovers Eileen and TPT.....

Eileen / TPT - stop the scaremongering tactics by saying the EGM calls are to get rid of your beloved Colin- to quote a saying I’ve heard before right now he has the best of a bad bunch and getting rid would do more damage, the time to get rid was when he was up for re election but most of the scaremongering went on then as well oh think of the SP, well guess what since then it’s been driven down to quarter of a penny. Anyways truth is the investor group is trying to drive some accountability of our BOD who are on mega bucks salaries which is driving fund raise after fund raise and yet delivering very little. This is what I wrote as an input to the letter, you tell me where do I say that he should be removed? I keep saying colon needs to be accountable- In my opinion we need to be very clear in what we are asking to then get some clear answers from CH so here goes- 1. Short term goals a. Field license renewal b. INA contract renewal c. Increase in well output without permits d. Well re entry permits e. IPPC Permit For each we need some clear guidance on plans, timescales for updates ie 1 month, 3 months, 10 years, that way then investors know how long to wait patiently rather than an open ended gravy train run 2. Long term goals a. Croatia opportunities, what will the terms be, any deal like the Petisovci one where we take all the risk and the JV partner sits fat and happy is no partnership 3. Legal proceedings although we understand details can’t be given without effecting position timescales need to be given, what’s the action plan, when will formal engagement happen or has happened. What’s the terms of the legal advice? 4. BOD changes - details of remuneration of all current board members 5. Details of revenue forecasts for 2019. 6. Comparing number 4 and number 5 do you think this is commensurate of performance and current company position, are we simply in business to fund the BOD or actually expand and run a business and oh shock horror actually provide shareholder value?? 7. Risk of the outgoings vs incoming revenue, how are we planning on paying wages without revenue coming in? 8. Ability to raise additional funds. The primary bid was a joke and a failure no matter how it’s dressed up, so what are the plans to raise funds if required? What is the limit to the boards ability to raise more funds through share allocation? 9. Overall the British chamber of commerce has tried to help with the situation apparently, however minister Jure Leben has used this to his advantage in our opinion and delayed the permits further. We are now on the 4th month I believe since Mr Lebens untimely intervention because of some tweets and emails accused to be shareholders, please ask Minister Jure Leben to provide evidence that these activities were linked to AST and to shareholders, if he can’t prove that then raise a case of slander against mr leben.

Not sure if that was a compliment or sarcastic. Anyways colon has caused more issues from his inactivity, everytime we have tough times he anchors down in his coma. The tantrum rns where his ability to raise funds unchecked was a classic example. Even now he chooses to just be in the coma, if this is to appease his Slovenian lords and masters, well sorry he’s chose the wrong side. The shareholders are the ones that will make or break him long term and he needs to get that, the primrary bid could have been a totally different story if he had laid out a vision and clearly what funds were required for instead of a little kid with a sign give me money now. Imho.

This is what I wrote as an input to the letter, you tell me where do I say that he should be removed? I keep saying colon needs to be accountable- In my opinion we need to be very clear in what we are asking to then get some clear answers from CH so here goes- 1. Short term goals a. Field license renewal b. INA contract renewal c. Increase in well output without permits d. Well re entry permits e. IPPC Permit For each we need some clear guidance on plans, timescales for updates ie 1 month, 3 months, 10 years, that way then investors know how long to wait patiently rather than an open ended gravy train run 2. Long term goals a. Croatia opportunities, what will the terms be, any deal like the Petisovci one where we take all the risk and the JV partner sits fat and happy is no partnership 3. Legal proceedings although we understand details can’t be given without effecting position timescales need to be given, what’s the action plan, when will formal engagement happen or has happened. What’s the terms of the legal advice? 4. BOD changes - details of remuneration of all current board members 5. Details of revenue forecasts for 2019. 6. Comparing number 4 and number 5 do you think this is commensurate of performance and current company position, are we simply in business to fund the BOD or actually expand and run a business and oh shock horror actually provide shareholder value?? 7. Risk of the outgoings vs incoming revenue, how are we planning on paying wages without revenue coming in? 8. Ability to raise additional funds. The primary bid was a joke and a failure no matter how it’s dressed up, so what are the plans to raise funds if required? What is the limit to the boards ability to raise more funds through share allocation? 9. Overall the British chamber of commerce has tried to help with the situation apparently, however minister Jure Leben has used this to his advantage in our opinion and delayed the permits further. We are now on the 4th month I believe since Mr Lebens untimely intervention because of some tweets and emails accused to be shareholders, please ask Minister Jure Leben to provide evidence that these activities were linked to AST and to shareholders, if he can’t prove that then raise a case of slander against mr leben.