Member Info for stockdale

The wells are drilled in to sandstone.

Fight them on the beaches WHYAST?

You know what duster? I could agree with you there. The BoD need to buy in in the tens of thousands, and that's pounds not shares.

As yet no reply from Colin. I suspect AST needs funds to complete any work on the wells. For that they need a placing. For that they need a higher SP. For that they need a positive response from the Slovene government to get confidence back into the market for AST. Currently confidence is completely blown.

To unwind that: A positive response from the government on permits will inject confidence and the SP will rise. As Alwaysup said we don't need the permits in the short term but we do need the confidence and more buyers willing to invest in AST. Permits = confidence = buyers.

As long as I can understand your posts scotty I welcome all of them.

Thanks joshua. With posts like that from Gekkonis I really do wonder whether I should bother to post an email to Colin. I believe these forums are to inform and receive information. Some people just see them as an opportunity to abuse. Pity.

You've got to be kidding me Gekkonis? You post that childish abuse and accuse me of being childish for sending an email to Colin? I asked a straight forward question to which we all want to know the answer and it's meaningless and illiterate? From someone who can't even start a sentence with a capital letter? Words would fail me if I hadn't replied with this.

Wish I had more spare cash. For AIM this is very low risk at a low SP.

Email sent at 08:00 this morning. No reply yet:

Colin,

I hope you had a good Christmas, although I imagine you are concerned about Ascent Resources.

Can I ask why the wells are not being stimulated? Basic compression or other stimulation would not require a permit.

At the very least it would ensure an income from INA to keep things going. It would also ensure the company would not be on the knife edge that it currently is with the share price at rock bottom.

Even very basic research and information from knowledgeable people in the oil and gas business tells me this is possible. Is there any chance Cameron Davies could be of some help as he is the oil and gas expert?

Thank you.

Oh well. Clearly forums like this tend to have posts that can be misconstrued, especially with the spelling errors typical of posting on mobile phones and with no option to correct on LSE forums.

WHYAST, You were rude to him yesterday and need to calm down. Alwaysup has made some excellent points and does know about oil and gas. Look at his posting history. We can hope that Cameron Davies, as our supposed oil and gas expert on the BoD, is as much help as Alwaysup has been on this forum.

Some very good stuff from Alwaysup. It is clear AST need operating capital to get the wells producing with or without the stimulation permits. I believe Colin must be waiting for a positive response from the government to get the SP moving up. He could then get a placing at a better price with a proper promise that the money would be used for the operational development of wells and NOT for the BoD's salary. He has missed chances in the past but we are where we are. He also needs some proper advice from Cameron Davies or a better oil and gas expert.

So much for Cameron Davies, our oil & gas expert.

Alwaysup, We're on the same page and I would agree AST have to up production by all means possible. It is however apparent now and very obvious that the Slovene government doesn't want to cooperate. So up production with compression and all possible methods without the stimulation permits, keep the flow going to INA from PG10 and PG11a as much as possible for income to cover costs and move on out of Slovenia if there's nothing more from the Slovene government. It would be our short term loss but hopefully AST will come good in the longer term.

Legal action can also be started with a view to compensation if the lawyers can see a way to success with that. Any compensation could fund a move out to Croatia in June or elsewhere.

Alwaysup, For someone who purports to have been in the O & G industry for many years that is a strange post. The IPPC is not a lot of use as that would require a further 10 million or so investment in a processing plant and that would be unwise with the current extreme problem of getting anything permitted in Slovenia, even after permits have been issued, as they are known to change their minds after just a few months. However the stimulation permits would be very useful as the Petisovci wells are old and need stimulation after several decades of the wells' existence. Compression techniques would be helpful but the stimulation permits would be better to get a clean gas flow and would also show that Slovenia is willing to cooperate with AST and to follow their own rules, although it is sadly evident that is not the case.

In fact even the IPPC permit would serve some purpose in showing the willingness for Slovenia to follow it's own rules, even though all the current delays would not help.

Otherwise the rest of your post is mostly true, unfortunately for AST investors. A radical change in governmental thinking is urgently required.

It's not unique to you earning. CEO's are castigated almost whatever they say by a few on all LSE boards. It certainly isn't personal.

With the apparent wide spread the MMs are deterring any trading. The actual buy / sell price will be different but no one is actually buying or selling currently. I suppose some are waiting for news but if I had any spare cash it would be going in to SML at the current price and their future prospects.

Agree with you there trout. With four projects at various stages and a CEO willing to explain what's going on to share holders I'm very impressed with SML. Too often though a CEO will indicate his thoughts and hopes and folks on LSE boards take them as 'promises'.

Oh we get the fairytale RNSes alright. They just don't have the ring of truth about them after a while.

Sense of superiority? Not really. Just concerned that some reading your post may think JP had made a 'promise'. Once these things are said a few times they can often become 'true'.