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https://www.youtube.com/watch?v=ik8JT2S-kBE

No permits would mean no Slovenian gas for Slovenia. No income from that gas from selling it and from taxation. Courage decision Minister.

Just to put the record straight as some on here are critical about apparent timelines. The RNS states: " ... we have good reason to be confident that the IPPC permit will be confirmed in the coming weeks" and a quote from Colin: " ... believe that we are now very close to having the IPPC permit confirmed in the next few weeks".

So they didn't say: "the next couple of weeks". It's the coming weeks or the next few weeks. Just saying as two weeks may pass and there will be screeching again about missed deadlines.

Short term? This has been going on for years. About time we had some good news.

The only calculation I made was multiplying the SP times the shares in circulation to get the MCap figures. I was careful to point out the gas field figure was an estimate in excess of the previous estimate which, I seem to remember, was £120 million by Henderson some years ago and 200 million euros by Colin. Current estimates are taking into consideration the increased depth of the field and the increased price of gas. That puts the figure well in excess of Colin's 200 million euros and in excess of £200 million.

It's all estimates but the estimates have base figures and it's above them, not below.

5p a share would mean an MCap of £113 million. Possible with a gas field valuation well over £200 million (at current valuation) but unlikely. 3p more likely at an MCap of £68 million.

Looks like they dropped the price to trigger someone's stop loss at 0.85p. 500,000 sold at 0.85p.

Last time they were trying to destroy the share. If they are ramping it up this time that can only be a good thing surely? The share is seriously undervalued and any help to bring back confidence must be a good thing.

You're missing something very big iky. MCap is the figure you should be looking at not the SP. There were far fewer shares in circulation at the time of the interest from Cadogan.

Unlikely. Unless the ministers have replied to ARSO and are happy for the permits to be issued. The SP could increase though if buyers are now happy that it's only a matter of time.

My point was the estimates for the amount of gas in the ground in that report would be considerably less than the current estimates would be. No criticism about your posting at all. Current estimates are looking at deeper gas, higher gas prices and the latest stimulation technology.

And that's a report from 7 years ago which would have taken some time to compile.

By the way trent I believe your Twitter post about the two ministers needing to respond to ARSO is entirely plausible. They would not reveal sensitive information but a general comment like that is quite likely. Anyone opposed to this would already know the ministers concerned. They would already have been lobbied. Either the ministers take the environmental view or are pro Russia or both, if they intend to oppose.

Let's hope the Slovenian government put their country and their gas supplies first.

The discussion at the bottom of that article is interesting with semantics being argued. Oil is oil. It doesn't matter how it is obtained. The same for gas.

Interesting history of oil predictions:

https://paleofuture.gizmodo.com/weve-been-incorrectly-predicting-peak-oil-for-over-a-ce-1668986354

Forties oil field still going strong and that's with the problems of offshore oil:

https://www.offshore-technology.com/projects/forties-oil-field-north-sea/

Interesting discussion earlier. Reso makes an assertion (not a fact): "One should really try to keep the scale of this project in proportion, to what it really is". So very much a glass half empty person? He implies the gas field is really not worth bothering with and cites the cost of getting the gas out.

The figures given for the size of the gas field are assumptions based on wells drilled some decades ago. Since then the technology has improved considerably and the current thinking is that the gas field is larger and goes deeper than previously thought. We all also know gas prices have risen considerably meaning the gas field is now worth somewhat more than previously thought. The actual figures are not really relevant as they are estimates and cautious ones at that. These estimates have also changed with new technology and is a reason why I don't bandy figures about. Estimates and large changes to those estimates don't make for any accuracy.

Oil or gas fields anywhere in the World have generally produced more than originally estimated. Most were predicted to be completed depleted by now but are still producing through stimulation. I read books in the 1970's where oil was predicted to run out completely by the turn of the century. What happened to that prediction?

Gas is now realised to be a more environmentally friendly method of energy usage compared to coal and especially compared to the old brown coal used in East Germany decades ago.

So whether the objections are on environmental grounds or on economic grounds they don't really hold water. Unfortunately PG11a does hold water and Slovenia needs to concentrate on cleaning up the gas flow from that well and re-opening other wells, rather than just opposing this project. That way they will get cleaner gas, taxation for the government and income for the country. So another win win situation.

Frustrating isn't it? Unfortunately there are people out there trying to thwart this. That makes it difficult for Colin to provide progress information. Don't ask me who, reso, as I have already said I can not comment on such on a public forum.

Nice try reso. No comment to you.

I'm certainly not desperate reso. Your efforts with obscure posts are getting more desperate though. I hope AST can provide you with gas, as well as from Russia. It's a win win matey.

The knowledgeable money knows things are happening now. The market can't be told explicitly as there are forces out there that are against it. The appellant 'NGO' (maybe actually governmental?) is still out there. Don't anyone be silly and ask me for specifics on a public forum where there are clearly some posters trying to harm AST.