.

Great ,this one reacts well to such news.
cyril

Going well.

Fox Davies have an 11p target price for now.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14368#lastread

http://www.moneyam.com/InvestorsRoom/posts.php?tid14368#lastread

D/D you need to clicl on the link above the posr box, to allow direct access.
In this case, a blank?
cyril

So RAB have sold 8m and Paul Curtis 7m and someone has been buying them, along with the GEM shares as well.

RAB have finished selling for now (thats why the notification), so has PC so be says.

http://www.investegate.co.uk/Article.aspx?id=200908210700047951X


Who has been buying all these millions of shares ? And with no notifications of new major holders they must still have an outstanding buy order being filled, and so do not need to notify until its filled.

Someone has been buying all these shares, will be interesting to find out who and why. The rumours of a predator interest in AST will not go away while the large volume each day keeps on going and no news on new major holders.

Drill results or at least updates could be coming early next week, will be interesting to see if finally AST can get a good run of successful drills going.

pp EK agrees with about the sellers and has increased his long position with a target sp of 100p.

moving up nicely on steady buying.

Held above 7p,could be in demend nexrt week with latest drilling,possibly next Friday, or maybe monday?
cyril

Should be well past 8p next week, maybe 9p or 10p on good news from the two drills.

Going strong, being held back as big buys not allowed at the moment.

Could get near 8p today.

In case anyone is looking for more trades, do not forget AST is also traded on PLUS (and 2.5m of volume over there today).

http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B03W6Y84/GBX/PLUS-exn

.

Nice strong end to the day. Persistent buyer still there, but who is it ?

Of course it could be SS, who having monetised their long term assets now have cash but with the POO high and no distressed asset sales anymore they can see how cheap AST is and are taking a stake in AST to maximise their returns when they do deals through the AST partnership ? If they hold a stake in AST they benefit not only from any deals, but also from their holding in AST moving up too. Who knows, but someone is still buying up all the AST out there. LGO ? Aspect Energy ? Fundie ? Could be anyone.

2 wells now in progress and the potential company maker Anagni-2 well due to spud next month, there is lots going on and the price is moving up strongly.

Nice and strong start to the next day too.

Seller appears cleared.......... ?

falling away news coming or mm's tree shake?

The shake yesterday occured on JKX and also AST at the same time, so it might point to the GH-1 well being drilled now being a P&A.

GH-1 on the Pan Handle in Hungary is only a 17.5% stake for AST, so a dry well is nothing major for AST as they farmed out most of it to JKX and HHE as per the RNS below :

http://www.investegate.co.uk/Article.aspx?id=200811251030008614I


OR

The shake could have been due to "scare mongering" by people based on the comments in the LGO statement yesterday where they say they are "in dispute" with AST. Actually the problem there is that AST has made a new agreement with MOL as per the RNS below, and LGO want a slice of the action as they consider "West" to be all the west, whereas this new agreement between MOL and AST is for "SouthWest". It kind of shows how good the agreement was that LGO are complaining and wanting their slice of the action too. LGO appear upset not to have been included in the expansion.

http://www.investegate.co.uk/Article.aspx?id=200907061227251734V


OR

It was just an MM treeshake. We will see later today as if GH-1 is no good there should be an RNS out later this morning.

Another shake this morning.

With so much news ahead (2 x Hungary drills and also the potential company maker Anagni-2) it is possible this is Spread Bet companies shaking the price. THey know where peoples stop losses are set and can sell like mad to push the price down and knock people out. Easy for them to do, and it therefore stops lots of potential big win spread bets from making money as people are stop lossed out.

It happens, and that its now 2 shakes in 2 days suggests it could be, you never know.

Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas

Ascent Resources plc ('Ascent' or 'the Company')

Gbeha-1 Drilling Concluded




Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that drilling operations at the Company's Gbeha-1 well ('GH-1') in the Panhandle region of the Nys North Permit in northeast Hungary have concluded and that 7' casing has been run in advance of production testing operations.




The GH-1 well was drilled to a total depth of 1,300 metres and log data indicates that the well encountered gas in two of the three zones targeted. The drilling rig will be moved off location and a service rig brought in to conduct the completion and testing operations, scheduled for commencement in approximately six weeks time.




The Gbeha-1 well (GH-1) is located a few kilometres south of the Hajd-1 gas discovery drilled by Hungarian Horizon Energy ('HHE') and JKX Oil and Gas plc ('JKX') and is some 70 kilometres north-west-of PetroHungaria's PEN-104A gas production well in which Ascent has a 45.23% interest. Ascent has a 20.167% in the GH-1 well, the other partners in the project include HHE (33.333% and operator), JKX (33.333%), DualEx Energy International Inc. (12.5%) and Swede Resources AB (0.667%).




Further to the announcement of 18th August 2009, drilling of the PEN-105 well in the Penzlek area of the Nys permits in Hungary is in progress and is currently drilling ahead at 1,345 metres in 12-1/4' hole. It is expected it will reach the primary target this weekend, a gas prospect in the Miocene aged formation that is estimated to be at a depth of 1,500 metres.

cyril

Good news. Hit 2 potential pay zones and production testing to come :) The other drill due to hit TD at the weekend, and the big potential company maker drill should be spudding at Anagni next month :)


http://www.investegate.co.uk/Article.aspx?id=200908280700391692Y

RNS Number : 1692Y
Ascent Resources PLC
28 August 2009

Gbeha-1 Drilling Concluded

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that drilling operations at the Company's Gbeha-1 well ('GH-1') in the Panhandle region of the Nys North Permit in northeast Hungary have concluded and that 7' casing has been run in advance of production testing operations.

The GH-1 well was drilled to a total depth of 1,300 metres and log data indicates that the well encountered gas in two of the three zones targeted. The drilling rig will be moved off location and a service rig brought in to conduct the completion and testing operations, scheduled for commencement in approximately six weeks time.

The Gbeha-1 well (GH-1) is located a few kilometres south of the Hajd-1 gas discovery drilled by Hungarian Horizon Energy ('HHE') and JKX Oil and Gas plc ('JKX') and is some 70 kilometres north-west-of PetroHungaria's PEN-104A gas production well in which Ascent has a 45.23% interest. Ascent has a 20.167% in the GH-1 well, the other partners in the project include HHE (33.333% and operator), JKX (33.333%), DualEx Energy International Inc. (12.5%) and Swede Resources AB (0.667%).

Further to the announcement of 18th August 2009, drilling of the PEN-105 well in the Penzlek area of the Nys permits in Hungary is in progress and is currently drilling ahead at 1,345 metres in 12-1/4' hole. It is expected it will reach the primary target this weekend, a gas prospect in the Miocene aged formation that is estimated to be at a depth of 1,500 metres.

Maybe 10p+ today,with Pen-105 almost at depth,i can see a steady climb in the SP next week as this will have given a much needed confidence boost.
aimo
cyril

I think this bodes well for PEN-105.

With a bank holiday Monday they could have not released an RNS today by delaying things a little and then if PEN-105 was bad they could have given good and bad news on Tuesday, GH-1 good and the other bad.

So, with GH-1 being released as good today, I think it bodes very well for PEN-105 and they might have already had gas shows during drilling so are confident thats good too, and so are happy to have good news today, and then more good news next week.

We will see.