Member Info for Tango1

stokey12- Not really, just that we are debating so many possibilities but we continue to drift-I honestly believe the welding line is a significant purchase and for a contractual reason, but with the failure of JW to rns the alleged £60m contract that got stopped, it leaves me wandering what is a reportable contract to JW? Hopefully it can be a question at the roadshow.

Slovenia already have a requirement to improve their security of supply as currently they are one of the worst performers.
They could solve quite a few problems with AST. IMHO

Full of eastern promise.

Slovenia import 90% of their gas, could be a tactical move by the BOD especially with this cold snap sitting in Europe prices only going up.

max19- there is no negative in that RNS- Demonstrating value- clearly indicating a contract review with INI, and 48000scm a day of gas from one well.
Great news.

We could be looking at 3 possibilities.
1, AST demonstrating the value of the field, for a potential buyout by the JV.
2,They have been allowed to stimulated the well on the quiet, to demonstrate the losses incurred by not doing before.
3, A freak of nature that the well has pressurised- (VERY CONVENIENTLY).
AIMHO

I am convinced now they have stimulated on the quiet...

48000scm a day is incredible!

BTB- That day will come soon enough :-)

But to be fair, in order to pass on "ship building skills" you need to be "building ships", so you may have something....

I'm still waiting for the announcement from the last time they said similar and that was 6 months ago.

oldblue that's correct but AST do not give the Partner any money until their initial investment is recouped (which is £50m).
That is in the terms of the JV contract.

Hi guzzler it was in their last update where they stated they got slated for quoting 18-35p range.

Looks like we are continuing to climb this week, I see allign have improved there target to 35p.
That 35p is still extremely low for me, if we get 50m that's 50p (roughly) if we also get permission to stimulate the wells then the previous valuation (2019) was £125m so thats £175m or £1.75 (roughly) then there is Cuba so far unknown but potentially bigger than the Slovenia asset. That's my reasoning for holding to £1.50.

Must admit I thought accountants were risk averse. :-)

THEPUMA-No disrespect meant, the Slovenia field was valued at £300m (gas in ground on old prices) Cuba is an unknown.

When you invest in an AIM stock you are investing in potential If you have no clue then leave well alone.

THEPUMA- My advice to you is if you are not able to do simple valuation calculations is NOT TO INVESY IN STOCKS!

And I ain't going anywhere soon :-)

15M is the golden number