Member Info for stockdale

Hardy, PG11a is producing. Not as much as would be liked, but it is producing. What's your game? The company is on it's knees right now. They could go bust or they could rise from this meeting with a future. Any point to talking them down?

Good to see you still here FX. It's become apparent to me that Colin regards AST as his plaything. His not appearing at the meeting today, as the CEO of this company, shows an attitude of sulking because his plaything is being meddled with by someone else. If it has been 'suggested' to him not to attend that shows the concern among others involved in the meeting have about him.

Circle Oil went bust for debt reasons. AST don't have that, yet. They are making money from PG10 and PG11a, despite the problems with them.

We need some proper diplomacy and today's meeting should provide that. That could then provide the right 'atmosphere' for other companies (in the SR) to get involved with AST to provide the necessary funding to get all the wells up and running. The gas is in the ground and wells are there already, they just need to be reopened. We see many companies using new technology to access mines, gas or oil which were thought to be used up. SML are an example in Cornwall where tin is being looked at again. Unfortunately for Colin he will lose overall control as other companies get involved. That's no bad thing for us.

They care if they or their government would be adversely effected.

One way to disarm the meeting would be to come out and grant the Permits. They've had long enough to think about it. Unlikely though as I believe there is more stuff required by next week. We should have a better idea after tomorrow of how the wind is blowing and whether AST is likely to get the Permits shortly. Platitudes are most certainly not what we need. We need firm commitments of progress.

https://translate.google.co.uk/translate?hl=en&sl=sl&u=http://www.slovenski-plin.si/pdf/IZJ_19.1.%25202017.pdf&prev=search

Colin has met Sophie Honey around the time PG10 was flared in January 2017. There was a tweeted picture of them next to PG10 at the time. At the time Colin may have thought everything was running smoothly and Sophie was there just to show British investment happening in Slovenia. Things have gone severely downhill since then.

I thought it may have been up a little considering the progress made here today and the meeting tomorrow. There's been a lot of buys today and many must be on the basis of expected progress tomorrow.

A version of the truth will out. Depends whether ARSO are suçessful at convincing the meeting as to why things haven't progressed after many months. The IPPC was withdrawn immediately on the day of the first appeal in April 2016. It's still not reinstated after the appellant was determined as vexatious in November 2017. Certainly very efficient to withdraw the Permit. Back to the good old inefficiency to get it reinstated.

We need gas ...

Are we sure Colin is not attending? Extraordinary if he's not. Is he sulking somewhere? The CEO not attending such a fundamental meeting for the company of which he is the CEO. May give the Slovenian ARSO an excuse to not promise anything as the CEO is not present.

We need to be preemptive now. Waiting and then finding something hasn't happened will be too late. Check before and then you can be sure. Colin has been weak, the Slovenian authorities see that and nothing then happens. It's excellent that so many have emailed and used social media to ensure things happen.

When dealing with these types of politicians they read the rules exactly as they wish to.

He's been acting like an accountant. You are correct. As CEO he has to be salesman, marketeer, accountant, the lot. He has to be able to sniff out what is happening. Typical of politicians they say they will help with a broad smile and then do precisely nothing. He has to be able to see that, he hasn't.

Looks like poor old Colin needs some backup. Roll in the British Embassy ...

Things a bit different now though. Previous meetings would have resulted in ongoing apparent progress. It is now clear there has been no progress and no effort to make any progress by ARSO. This time the lack of progress can be pointed to and answers asked for as to why it hasn't happened.

If Colin is discounting this meeting because of the previous ones he has had that doesn't say much for his negotiating skills.

I've received the same reply to my email. It shows they are taking note and are looking to sort it out.

Oz closed up 15% so high expectations here. Perked up initially and then subsided. Got some catching up to do.

Email sent to Jana Verk and copied to info3@ascentresources.co.uk:

Dear Jana Verk,

As a shareholder in Ascent Resources I had expected a member of the European Union to follow a fair procedure to issue permits to a British company. The IPPC permit had been issued up until it was withdrawn on appeal in 2016. Three appeals finally had the appellant removed as they were considered to be vexatious by the Slovenian Court. That was in November 2017. The IPPC was removed immediately on the date of the appeal in April, 2016 and yet Ascent Resources are still waiting since November, 2017 for the reinstatement of the IPPC Permit.

It would appear that not only the appellant has been vexatious in the extreme delay in getting this resolved. Ascent Resources went to Slovenia to extract their gas for their benefit and yet have had multiple obstacles placed in their way by the Slovenian government. Hopefully you can help to resolve this in the meeting tomorrow with the Environment Agency. Thank you.

Yeah, great work walters. It's possible this action could save us a lot of money. Getting the British Embassy involved is getting the British government involved. We're still big guns in Europe. A British company has come in to Slovenia to extract their gas for their benefit and their government shafts us.

Good post gaffy. Nice to see someone looking at what could be done rather than posting abuse and immaterial threats at the BoD. Not sure about Cameron Davies or Nigel Moore as we have not seen or heard anything of them, apart from as stage dummies at the AGM. The company could delist if Colin decides he's had enough and uses his position as CEO to continue the lack of action. We, as shareholders, would have to step in and prevent it.