15:23 21/04/2018 UKIS 21st April 2018.
Come on CH you have spent $45m on the P project how are you going to return shareholder value? Just look at your lowly Mcap. What is happening with that IPPC. Have Geoenergo put you on 'HOLD the phone line, its in the post etc..... 'In Slovenia we have ways to make you pay us your GBPs and keep you waiting. The PETROL people are good at this game, after good Russian training.'... They may also like to throw the odd spanner in the works. GAZ UP and double check everything. GLA.
17:12 20/04/2018 Re: VOX
The analogy would certainly stack up a lot better if AST were a well-funded outfit with an experienced management team, but of course you're right about the complexities. Still, the field has been partially developed already and estimates of oil and gas in place tend to be on the conservative side, so I personally don't have a problem with the valuation, despit all the assumptions involved.
16:43 20/04/2018 The field is commercially viable >>
IMHO. Surely wells 10 and 11a proved that. This is the only thing that counts. If the field is commerially viable then looking at the next 15 years Ascent must be worth a #50m price tag IMHO. This translates to an sp of around 2p a share. My opinion is it's got to be Petrol alone, or Petrol in combination with INA that buy Ascent, then get on with phase II which is already planned coutesy of Ascent. Petrol and INA simply must IMHO be involved now and making their minds what to do. For petrol's part being a huge Slovenian Plc they would have their people on their side. A good bit of publicity. INA buy all Ascents gas at the moment and would like more. They also operate the adjascent gas field just over the border in Croatia. Perferct for them as well. I'm leaning towards Petrol and INA jointly buying Ascent for about 2p a share. It seems to make a lot of sense. All IMHO.
22:19 19/04/2018 Re: VOX
Just look at the Mcap at around #24m. So how can they bring back shareholder value after spending over #45m. The Slovenians must think the Brits are a bunch of 'pl*nkers' with money to burn. Not a mention of the IPPC on VOX either. Someone wants this on the cheap and it is being 'served up on a plate', IMO. Getting ready for a 'Carve' UP are we? But they need to make the pay off on those options count, at 1.89p plus..... Sit back and wait for more spanners in the works. It is time to tighten UP the act.... Just sit and wait for those 'looking for future shareholder value statements' next.. Who is the chess player, that knows the next move?.... GLA.
20:16 19/04/2018 Re: VOX
Ewan Hoosami That really puts things in a different light, thanks a lot. Would those numbers be applicable if your access to your 12.5% / annum, would be through proceeds of running a sophisticated high level operation for 18 years, in contrast to investing 400,000 today for a yearly dividend that just drops into your account at a specified once yearly date for 18 years. Regards Sunny
17:03 19/04/2018 At minimum it seems to me INA or
Petrol, both already involved in the project should be willing to jv going forward. Both the wells Ascent drilled produced commecial quantities of gas. Unfortunately due to a breakage when re-working well 11a there is still a problem with the flow rate which is being worked on. Both INA and Petrol are very large Companies and for them not to be willing to jv the next two wells at minimum would be very surprising indeen to me. Re-working the next two wells is very low risk compared to drilling new wells. Thinking it all through really I can't imagion Ascent not at least getting a jv. It's comparatively low risk and the pipes/processing etc. are all there ready to hook up to. Assuming the gas flows it could hardly be easier. All IMHO.
16:52 19/04/2018 Re: Lots of RNS's likely here now. FOR S...
discoste2:- EC as prior pointed out speculation, here are the actual facts.... 1. Receipt of the IPPC license. 2. Open to JV with A N other party. 3. Open to a Takeover offer that is acceptable from A N other party. 4. Application to extend the license beyond 2022. when the last takeover rumour hit the sp went to 6-7p! ok things have moved on since but your valuation is too low for me, will be north of 3p imo. ------------------------------------------------------ I'd love a takeover @ 3p. On Ascents side we have well 10 which has prooved there is commercial gas there. Shame well 11a has been such a pain in the neck. Hopefully a jv partner or takeover Co. can make a judgement on the whole field from the results of well 10. It surely must be worth at minimum for a jv partner to risk a couple of million to carry out the next 2 wells re-working. Only then will anyone really know the potential of the field. Bearing in mind some Co's drill wildcat wells spending millions and often coming up with a duster it seems to me becoming a jv partner with Ascent would be very low risk. All IMHO.
14:24 19/04/2018 Re: Lots of RNS's likely here now. FOR S...
CAD may still interested at this price, and maybe a player in the back ground if you get my drift !
13:07 19/04/2018 Re: Lots of RNS's likely here now. FOR SALE
EC as prior pointed out speculation, here are the actual facts.... 1. Receipt of the IPPC license. 2. Open to JV with A N other party. 3. Open to a Takeover offer that is acceptable from A N other party. 4. Application to extend the license beyond 2022. when the last takeover rumour hit the sp went to 6-7p! ok things have moved on since but your valuation is too low for me, will be north of 3p imo.
12:47 19/04/2018 Re: VOX
Hi Sunny I'll take a crack at answering if you don't mind me simplifying the numbers a bit. If I had #1m but could only access #50k/year over twenty years, what would you give me today for that asset? Would it be worth #400k? That would mean a return of 12.5% p.a. for twenty years and your money back after eight. Doesn't seem unreasonable to me. As for the NPV10 of #199m I'm guessing that's worked back from the mid-life point of the field, deducting 10% p.a. from the #500m cash value mentioned in the presentation, but if anyone can correct me on that, please go ahead - I can take it.
12:24 19/04/2018 Lots of RNS's likely here now. FOR SALE
sign up for the right price. IPPC license could land any day. Potential RNS's:- 1. Receipt of the IPPC license. This surely will arrive soon?? 2. JV with INA. 3. JV with Petrol. 4. INA & Petrol jointly bid for Ascent? Personally 1.75 to 2.25p a share I would have thought. Note well 10 continues to perform and so gas is still being sold to INA 24/7. Well 11a being worked on to bring back into production. - potential RNS to confirm well 11a back on line of course. In view of the above I think this is a buy at anything below 1.6p. All IMHO.
9:30 19/04/2018 Re: Get ready.
Corrupt hole of S#%", as is the rest of Eastern Europe. Nudge nudge , wink , wink rules the day. If it got taken out for 2p tomorrow i would dance a jig. That'll buy me a new motorbike for summer.
9:22 19/04/2018 Re: Get ready.
Those options are priced at 1.89p. Forget #10,000. That is pocket change. CH and CC are waiting for the pay off IMO. Petrol are keeping them waiting for that permit. In Slovenia we make you wait...... GLA.
23:21 18/04/2018 Ode to the IPPC permit. Ahem..............
There was an old man called Kermit Who wanted an IPPC permit He made out his claim Then waited in vain As the Slovenians had totally ignored it. LOL!
19:59 18/04/2018 Re: VOX
Thanks for that, not entirely clear how all that answers my question, but many thanks all the same. Sunny