Member Info for stockdale

INA have no obligation to inform the UK markets. AST have an obligation to do so when they receive intentions from a third party to be involved with AST. Until then AST also have no obligation. Currently INA may well be be making arrangements to get involved further with AST. Currently they have no obligation to inform us until that involvement occurs.

The explanation is probably just the general malaise and disbelief shown by a number of posters on here. They are always pointing out the possible down sides and the recurring problems as if they are continuing in to the future. I thought this RNS would have instilled some confidence. AST got their amendments in to ARSO on time and Geoterm got their's in on time as well, as per the RNS of 20th August. It's not just a case of everything happening as stated. The accusation has always been that AST had not done things as promised. Now they have.

The short shut in in September is ineffectual, as you say. In fact it has benefits along the lines of getting the INA system ready for further AST production and is a strong hint that INA are looking to a longer term relationship, with increased production, with AST, or even a takeover of AST.

Risk increased? How so? INA getting more involved has decreased (italics) the risk considerably. A three week shut down is sensible to prepare for increased production to INA.

Just another silly post along with 'shocker'.

Reg, Reading between the lines with the RNS is easier than trying to understand what you mean by 'that'.

Interesting that the shut in is for INA to carry out maintenance at their Molve processing facility. It would seem they intend to continue and even improve the gas supply from Slovenia. Why would they do that if they weren't intending to take over or increase their AST involvement?

The only information needed in the RNS was that Geoterm had submitted the required amendments. That is in the RNS. Why would that be a shocker? And why would you want anything more? The production and revenue figures are a useful bonus. Absurd to say it is a 'shocker'.

HotShot, I was referring to the expression, obviously.

You never know HotShot? Always found that a weasely expression. We will know when they happen. We will have a good idea when (if?) Geoterm have submitted the required amendments today, as specified in the 20th August RNS. That will result in an RNS on Monday. With everything then in place confidence should then be improved. Any further delay will not be good.

A few years ago I was involved with Circle Oil. Their SP fell. It looked like a good Mr. Buffet type buy. It went bust. People still in it lost all. Fortunately I was out by then. Buy low? It doesn't always work, even if you have done research. COP seemed to be good and the CEO was optimistic .....

Bradis, I've been highly exposed to AST in my PF. A bit less so now after the 6th August RNS when it looked like the imminent demise of the company. My average is 0.93p so I'm still optimistic. But some of the comments on here can be annoying when they are demeaning Colin and the company. That only leads to the 'fear' aspect and resulting selling, even at this low price. Mr. Buffet was lucky. The market doesn't always follow logic. AST is a case in point. Good news at the end of 2017 and yet the SP fell like a stone. It often happens in AIM.

New_2, Colin has said some stupid stuff on Twitter (bushmills, £1 share, etc.). The 6th August RNS was poor but calling it 'moaning like a girl' is a childish and silly comment. It was also a very recent RNS. All the bad stuff had already happened. The media campaign at the start of 2018 was very bad for the SP.

There are two factors that drive an SP in AIM: confidence and fear. Confidence attracts buyers and fear makes people sell. The social media campaign created fear and therefore people sold and continued to sell even when the SP had fallen considerably. It's cloud cuckoo land to think a media campaign against the company would do anything else.

I like to go on Colin's actions. His actions have been steady and generally dealt with problems in a sensible way. The INA contract after the IPPC was withdrawn in April 2016 is an example. No fuss, he just did it. What he has said on Twitter, however, has not been helpful and he has stopped doing that. The vacuum of information has now started to create the fear aspect again and some are therefore still selling at this low price. We need Geoterm to have their amendments in by today at the latest, as per the RNS of 20th August, for confidence to return. Therefore an RNS today or Monday at the latest is essential.

Trouble is I keep getting drawn back to this stupid share. Should have got out above 2p a long time ago. I got suckered in to the SP doing well when the company was doing well at the end of 2017 in to 2018 when the appellant had been removed and were starting to sell gas to INA. The social media campaign at the beginning of 2018 killed all that off.

Oh please. The idiots on social media are going to whip up a fury again? At least monarch was going for the more sensible approach.

Someone asking for patience yet again. OMG.

I think shareholders have every right to monitor the situation. Of course if you don't wish to then you don't have to monitor this forum.

If we don't get an RNS by Monday we should be asking questions. Geoterm must have their amendments in by today or they have missed their deadline stipulated in the RNS of 20th August. That RNS is an official document and has to be adhered to. Not to do so will raise questions.

Baseline survey report? It's already been submitted. They just needed amendments from AST and Geoterm, as Colin has stated. AST have done their's and RNSed that on 20th August. Just waiting for Geoterms amendments to it as required by ARSO.

Geoterm have to put in their amendments by tomorrow at the latest. Therefore an RNS by Monday morning would be warranted. Tomorrow is unlikely, unless Geoterm put in their amendments with sufficient time for an RNS tomorrow.

It's possible the RNS of 20th August was making a diplomatic point to Geoterm to say that AST have put in their amendments on time. Geoterm would lose face to delay their amendments beyond the end of this week as that timeline has been set in an RNS. It would also be a message from Colin to shareholders to say that AST are on time, it's our JV partners who are slow and not us. Hopefully Geoterm will be on time anyway and not need that psychology to persuade them.

The same will apply to ARSO. They would have to have genuine and specific reasons for not issuing the permits in a 'timely' fashion after receiving all the required amendments when the British Chambers of Commerce were assured, by them, they would do so.

AST already had the IPPC permit up until it was withdrawn in April 2016. It's not as if they are first timers.

We should expect the Geoterm amendments in this week. That should result in an RNS on Monday telling us this, as AST did for their amendments on 20th August.

Maybe the current sellers are not believing that will happen on the previous track record of AST.

I believe the recent meeting between the British Chambers of Commerce, ARSO and the Slovenian Environment Department has created a new phase in relations which should now result in cooperation, rather than the apparent previous opposition between them.

I would agree the gas field needs reviving. There are oil and gas fields offshore in the North Sea with far greater expense than an onshore gas field which already has wells drilled, just needing re-opening. It won't be cheap, but it will cost a lot less than dealing with the offshore gas fields off the cost of East Anglia. AST need a large, experienced company to join them. A company like INA perhaps? For a company like Shell or BP this would be money for old rope. For AST it is out of their short term current reach without help. Long term AST could go alone, but we need to get this moving.