Member Info for stockdale

It's certainly the best it has ever been in reality. The MCap has been substantially higher when the situation was no where near as good as it is now. This should now gradually rise to the outcome of the SR, regardless of the situation with the permits. They will help when granted but the asset is good enough on it's own to attract offers from companies in the SR for an SP in the 2p to 3p range for an MCap of £45 million to £68 million, depending on competition and who takes it on. INA can do so without a processing plant in Slovenia as they have their own at Molve in Croatia. They don't need the IPPC. However permits for re-entering wells would be helpful to them.

We know there are 2 amendments still to be dealt with for the permits. Otherwise Wednesday is permit day.

Bradis, email Colin.

We know INA would be interested without the IPPC permit. They would be interested in re-stimulating permits. They need gas. It doesn't have to be processed. They can do that at Molve.

Colin always has the unfortunate manner of sounding downbeat. Listen to what he actually says. He's cautious but optimistic.

It's now all about the SR and the permits. Although part time he will be available full time for any dealings with ARSO. Only needs to be part time for the permitting and SR. Looks good. Hope many watch the interview.

Kelbells, your sarcasm doesn't help (world class asset). We're not inclined to help you out or provide ammunition for your deramping. DYOR.

Yeah, we know that hellsbells. That's why we have the SR. To attract O&G expertise to reopen the wells and provide funding. They're still there, still interested. (Stickdake, ha ha don't you love it).

How nice. Kelsbells's back. Of course you're right. The asset has a value. These figures are relatively low for such an asset, worth 200 million in all.

Let's not get ahead of ourselves. The permits are not due until September. We're unlikely to get a bit before then. Although if companies in the SR have that information as nailed on they could bid beforehand.

2.4p equals about £54.5 million. Only just over the company's expenditure. I would be happy personally but many would not.

2p is only just over £45 million. £50 million needs about 2.2p.

The number of shares in issue has increased many times since the Cadogan debacle. 3p equals around £68 million. That pays back the companies expenditure of £50 million plus a bit extra and allows for the Director's options as well.

Definitely. Only just briefly got over 3p at the end of January 2017 when the SP was being ramped up to get Henderson out. When it looked like the imminent demise of the company after that Monday RNS 3p would be just fine. Of course more would be better ...

Choo Quack Choo

All nostalgic now for the halcyon days of no income, Henderson keeping AST afloat and gas a distant future, but the SP over 1.5p up to over 2p. Those were the days. :-)

Looks promising for the afternoon. Get that conference call recording on the website.

Seems I'm replying to a post that has been removed.

I don't rely on Colin's 'promises'. In quotes as he doesn't actually make promises, he gives guidance as to how things should progress. However the other parts of the network involved with the JV partners and the relevant Slovenian authorities are now more tightly involved, as I have previously mentioned. So you are just deramping as your 'facts' are incorrect or only partly true.

Let's hope the delay is to get it edited correctly to avoid the long silences so that people can listen without falling asleep. Also to emphasise the good points made toward the end. Otherwise it doesn't help to delay till later. We're now losing the momentum we had earlier.