Member Info for stockdale

dominic2002,

https://www.ascentresources.co.uk/wp-content/uploads/2017/01/PDC_2011-09-06Petisovci-Commerciality-ReportWeb.pdf

Page 18

New_2, How many times has it to be said? A known gas reservoir worth in excess of £200 million and ten wells already in place? Of course they can pay back any loan!

Oh please! Stop this stupid deramping nonsense. The company has no debt. Financing can come from many sources. If necessary a placing could be done at a higher SP than now as it should be rising on this news. People would be happy to buy in to a placing where the money is to be used to project the company froward with a known gas reservoir and ten wells already in place. So stop this stupid nonsense about financing issues that can easily be dealt with!

Sounds good to me Zeb. Walk before you run. Good management.

The BoD know more than you give them credit for Monarch, and Rev's been around longer than you credit him. The ones who don't know, as you put it, are the environmental activists who have persuaded the government on incorrect evidence drawn from some fracking experience in the U.S. which is completely irrelevant for Petisovci with it's soft sandstone.

Not the case Not2. This will move forward with compression equipment. A processing plant will take a year to build. By then the compression equipment would have been installed for some months already bringing the gas flow up to a stable level for the plant to have gas to process. So not the case that the word 'needed' is in fact err... needed.

Tick tock. Tick tock.

Stimulation permits would be good but not absolutely necessary, as some believe. JB is sourcing compression equipment. That will improve and stabilise the gas flow. JB is the expert. He should know.

However I realise that those stating the stimulation permits are absolutely necessary are usually those that wish harm to AST and wish to put off some from buying in. Either that or they don't know the full facts.

Maybe they can afford AST now?

4p would be an MCap of over £96 million. Maybe a little on the high side? Or maybe not for a gas reservoir worth in excess of £200 million?

Need to look at MCap for a possible offer price. 8p would be too high.

There are no totally derisked shares. Known gas in the ground and ten wells already in place. Can't get a lot better. Just need the politics sorting.

That would have been more relevant before yesterday's RNS.

Now that's just silly. Would mean an MCap of around £240 million. Durr ....

JB is accessing compression equipment. Petisovci gas is in soft sandstone and doesn't need high pressure fracking. Compression equipment will increase and stabilise gas flow. Stimulation permits would be helpful but aren't essential. Hope that helps you Dcrossland93.

NT, The RNS said it all really for those who haven't done further research. The current drop in the SP is due to profit taking from those who got in early yesterday. The whole situation with AST has changed dramatically with that RNS.

Surely if the preferred bidder isn't responding after a reasonable amount of time they can move to another?

The situation has changed. We thought ARSO would never issue any permits. They now have. Doors are opening. You can walk through or sit on the sidelines.

You back in Gary?

We don't miss duster or any of the other apologies for posters. They have all been trying to do down the BoD. The market today have proved the problems have been entirely down to the Slovene government minister and the environmental activists wanting to screw up their own economy.

Especially now with an expert in oil and gas as COO and an accountant and self taught expert of Slovenia as the CEO this company should show it's true colours.