Member Info for tipperdave

If you want high volatility with the peaks and troughs that go with it it might be worth looking elsewhere. If you want mid to long term exceptional value then lip biting and regular top ups will be your medicine and of course your subsequent pleasure! :-) regards Dave

The company entered revenue-generating territory in August 2008 when the PEN-104 well in its Peneszlek acreage (Ascent 45.23% and operator) entered production. This success helped steady the nerves of some investors worried about cash-burn in today’s extraordinary financial climate, and a 3-D seismic programme covering some 90 square kilometres around the well followed speedily. HUNGARY The results of the seismic have been encouraging for Ascent and its partners: a near-term work programme of two new wells, two sidetracks of non-producing wells, and a workover of PEN-104 has been prepared. With plans to bring the mothballed 1960s-1970s Bajsca gas field (Ascent 38.73% and operator) back on production via some modern horizontal drilling, Ascent looks set to lift its initial net 210 barrels of oil equivalent per day from the PEN-104 well quite significantly via these drilling initiatives. regards Dave

Dogging this early in the evening? I thought you left it until later! :-) Greatful if would be able to give some 3D Seismo' info on AST (I'm sure you have some) regards Dave

I feel that some of your last post might be directed my way!! :-) Yes F**KNUT not bad at all thank you. Bruce is probably waking from his afternoon nap!! :-) regards Dave

Just something to consider for the Italian side of AST's operations; Agnani-2 should be cheap to drill because of the shallow depth. The low cost means that Ascent should be able to proceed without the need for a farm-out, avoiding dilution of its stake. The well is targeting some 30 million unrisked recoverable barrels of oil (24 million barrels to Ascent) and the company has put the chance of success at some 50%, which is high. Agnani-2 is pencilled-in for spudding in the second quarter of 2009!!! Hopefully the 50% guestimate might come good. regards Dave

Maybe, just maybe EML could be scooped up by a.n other! ;-) regards Dave

Guys/Gals, here is some info that I have already posted on the regular board. AST are spread across several European countries (inland prospects are generally easier and cheaper!) They have a good proportion of gas acreage in their prospects (should assist if oil dips!) 20 (ish) oil and gas projects of varying sizes and at various stages of the exploration and proction cycle thus spreading risk. After acquiring some 9000 square kilometres of gross permit area, Ascent negotiated a number of joint venture (farm-out) agreements with industry partners, covering a substantial slice of the seismic and initial drilling costs. AST recently announced that it had joined forces with Swiss investment fund San Severina Holding, providing an opportunity to source production, development or appraisal assets in return for a free carry for Ascent. The company entered revenue-generating territory in August 2008 when the PEN-104 well in its Peneszlek acreage (Ascent 45.23% and operator) entered production (should assist with cash burn worries!) In 2007 AST took a strategic 22.5% stake in Italian rig contractor Perazzoli Drilling a net cash flow, which FD Capital has recently estimated at some $0.7m per annum from 2009 onwards. Oil and gas interests in Hungary, Switzerland, Italy (poss Holland also) make AST very interesting indeed! regards Dave

Evening all, not a bad day all told for me, little tick up on AST apart from that just sitting and waiting. FJP, loved your Zero prediction for EML (and yes I do get it!) :-) regards Dave

Just had to subscribe to find out if the dross has been filtered out. Here's hoping it will provide a better level of discussion i.e Sans Ramping would be a nice start, just solid information that is of value to all who read it! regards To all that know me (sounds like a radio show) Dave

I consider myself below the average investor's mindset! LSE characters is a great idea, I have envisaged a few already ;-) regards Dave

Yes, you are very grown up but I wish you had never posted the link for RAY! The word on the street is sell Geese (Golden eggs or not) and buy Bantams. regards Schoolboy Humour Oxon

I have just heard news that the outer Patagonian live poultry and fish market is over 6% up since open!! Obviously any investor worth his salt knows that the FTSE has parity there. Looks great for tomorrow. Baron Munchausen Austria

F*** off!! lol regards Moss Bros

Ray is ACE!! (how about that for an eighties phrase) regards Margot Fontain

You didn't show her your copy of Shaving Ryan's Privates as well did you? regards Dave

I'll send big Jim (as I call him) an email as he has had his mobile cut off due to non payment. I'll ask for a 3 week delay before the sp hits 50p. That should do the trick! Moto, I have seen Bunty in a collectors shop but I am far too young to remember it ;-) regards Pants on fire Oxfordshire

Don't worry old son, why don't you get your old copies of Bunty out! Failing that I have a copy of Watership Down which I know you like. ;-) regards

Thanks mate, same to you! LOL. regards Dave

I asked EML to hold off until you were in and they duly obliged! ;-) regards Liar OXON

I'm busy at the moment but will be happy to peel some grapes and stuff them in your face for you! :-) I might even wash my hands post toilet also! regards Dave