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The problem is CMG at some point the company runs out of money. PG10 could be our saviour but it is showing signs of occasional pressure drops. If the company continues with income from PG10 and intermittently from PG11a then something positive could come eventually. If there is any chance this could rise phoenix like then great. We need to know from Colin exactly what is going on and he needs to find it out. If the Slovenian government has any concerns for the British company that came to extract their gas for their benefit they should act now.

It would have to be a company which is comfortable dealing with the Slovenian government. That would be a Slovenian or Russian company. INA would also be interested if they can get the wells up and running properly. They would be concerned with the Slovenian government causing them problems though. The options are narrowing even more. The Russians know it and are sitting back and watching it all play out with a few prompts to the Slovenian government. AST could well be happy with any scraps they can get. I only blame Colin in as far as he should have known the problems well in advance of us. He was on the ground talking to politicians there.

Maybe starting to narrow? Latest sell at 1.18p. The smaller one before was 1.15p. The buy seems to be 1.23p.

Yup, the spread is killing it at the moment.

Good money after bad hank? Not a lot of trust in Colin now and even less trust in the environment agency issuing the IPPC. Maybe we could save some of our investment with a placing if something comes out of it. Or would it just prolong the high salaries to the Directors?

I thought he was spoiling the party there. I need a bit of good news after the AST debacle (don't look it's horrible).

He'd make a lousy comedian. His timing is awful. Although some would say he's been acting like one. Released the news yesterday at the start of the August holiday when it's unlikely the government will do much. Should have had the news out in early July, or earlier, if he really wanted the government to react. He did know things weren't going well back then, and even earlier. In the meantime the SP is decimated and likely to fall further with no further action in the August holiday.

The worst little investor you know? You don't even know me. So clearly you have no friends.

They had the IPPC, up until the appeal. Why should we think you would be right Thelix? You had inside government information or you just felt it in your water?

I think to say people 'got what they deserved' is disingenuous at best and insulting at worst. You would have needed to know that the Slovenian government had no intention of allowing the IPPC, despite it having been issued previously. Clever to have an 'appellant' in place to put a stop to it. The permit was removed immediately on the day of the appeal. Was it replaced immediately on the day the appellant was found to be vexatious last November? Oh no, and we are still waiting. All of this, and more, should have been known by investors? Really? And someone posting on this forum is 'offended' that people didn't listen to him? Really? We are supposed to invest on the basis of what people say on here?

Interesting to see Oz up 15%. They don't normally take the lead. Maybe we could push it even higher? Any background reason or just coming out of the doldrums?

With that in mind Slovenia should not expect investment in their country from anywhere other the Russia in the future. They should take a long hard look at the Russian economy. They're in the EU? In name only.

I've always had the concern of Russian interference as they don't want any competition with their sales to Slovenia. That in itself is an issue but can be overcome with sales to INA and good contacts within the Slovenian government. Now I have the concern that Russia want to crush AST out of existence. If AST run out of money with no permits in sight and companies pulling out of the SR for fear they will be caught up in this debacle then AST could well cease to exist. Then Russia can have total influence and can ensure they have what they want.

If people think that is far fetched then we shall see what comes of the effect on the Slovenian government yesterday's RNS has. A bit strange releasing it at the start of the August holiday but if the Slovenian government are playing fair, and it is just bureaucratic delays, then we should see the RNS resulting in the IPPC shortly.

In the past people would say the view on Russia was naive. Now they are more likely to say the Slovenian government 'playing fair' is naive.

There were a couple of large investments yesterday. Maybe they had inside government information? Or maybe they had more money than sense? Probably the latter.

Fine, your opinion. Its a valid opinion from one point of view. None of us actually know if all you say is correct though. I find opinions stated as fact tend to often be inaccurate.

CMG will know.

They only meet on Wednesdays and now it is the August holiday, so they may not even meet on all Wednesdays in August.

It really doesn't help to abuse Colin on here. It may make you feel better but it doesn't help and can be counter productive as the rest of us just feel worse from the constant negative posts. That was largely my email to Colin. The highly negative RNS made shareholders fearful and sell as they could see the imminent demise of the company. I've seen it with Circle Oil. It doesn't exist now. AST have gas in the ground and just need the finance and expertise to get it out.

Let's see if this gets answered:

Colin Hutchinson,

All shareholders were quite devastated to read the destructive RNS this morning. Many millions of shares were sold on the fear that resulted from it, including several million of my own as I could see Ascent Resources going the way of Circle Oil.

I understand you are annoyed with the Slovenian Government and their pernicious delays with the IPPC and other permits. If your intent was to force their hand the immediate effect has been to decimate the share price, bringing the market cap down to just £8 million. We are also now in the August holiday time for the government, making the timing of the RNS even worse as little will be done by the government during August.

Shareholders now just see the imminent demise of Ascent Resources. It is now essential that you bolster the share price with an RNS stating the course of action from now on in your dealing with the Slovenian Government, the necessary financing required to secure PG10 and get PG11a running smoothly and other wells reopened and the likelihood of getting a positive result from the Strategic Review with a company willing to invest funds to do those essential items.

Without that RNS the share price will continue to fall with shareholders losing all confidence that some may have left. There is very little confidence left now and it needs to be dealt with urgently. Share holders have waited far too long already and patience has now worn out.

(My real name)

Still around 0.40p. Any selling needs to stop and with an increase in buying. Then the price will rise. The problem is the MMs will also have read the RNS.

Pretty good summary of the pessimistic view. Can't think of an optimistic view just yet ... A knight in shining armour comes in as a partner with money to open the old wells? Oh dear, we don't have the permits to do that ...

Maybe the new Slovenian government sees sense and get's things moving?