.

Talking to yourself papalliar, no doubt you'll tag to granny now. So transparent it's ridiculous!

I like AST drilling PG-11 on a sole risk basis.

So much potential upside and of course there is no way for Enquest to ever get back in cheaply (if they ever wanted to) due to "sole risk" rules and subsequent valuation explosion.

Will make the farm out terms very much more attractive - all we need is a good drill result, finally.

Directors buying......


http://www.investegate.co.uk/article.aspx?id=201011191315025148W

19 November 2010

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

Director's Dealings

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, announces that on 19 November 2010, Cameron Davies, Non Executive Director of Ascent, purchased 150,000 ordinary shares of 0.1p in the Company at a price of 6.425p per share. Following this purchase, Mr. Davies is interested in 150,000 ordinary shares in the Company, representing 0.029 per cent. of the issued share capital of the Company

10K, better they are buying something than buying nothing at all....... and there were some other recent buys as well a few months back.

Would also suggest they have no plans to tap the SEDA under 6.5p.......

thats what the BODs prefered prose and the rest of us i should imagine? always nice to see directors buying also strong volume building for buys this afternoon....

GB yes, but still clearing out the stale bulls, its going to take more buying.

News of PG-11 spudding will add something but the big news that would clear the overhang in a short spurt would be Hermrigen-2 spudding news.......

So come on eCORP, lets be having a spud in Switzerland.

Yes Prose reckon next wed IMHO!!!!!!

all in all a positive week should be another next week? especialy if ast get tipped, if well PG11 is successfull it could make it europes largest onshore gas field making it interesting to a larger company.....

GB, that is why PG-11 is key for Slovenia

A good well and then they are farming out "Europe's largest onshore gas field".

As was said, if you want to turn a 25m company into a 250m company sometimes you have to do big things, and sole risk on PG-11 is a big thing but the benefits of a good well will be very big too.

If we get Hermrigen-2 spudded soon as well we might have 2 drills ongoing at the same time, woo hoo for AST...... two potential company makers on the go.

Yes prose definitely exciting times ahead....

On line check shows demand for stock is strong.



Max Buy = 100K @ 6.75p

Max Sell = 250K @ 6.5p


L2 is blue and 2 v 3 @ 6.25 / 6.75


.

Looking good Prose nice rise market looking to future.

The churn is good, we are now getting rid of the stale bulls, in fact, it looks like most of them are now out and clear.

This means we should consolidate around this level for some time and then its ready to move on upwards with good news.

Nice blue monday, despite MMs doing treeshake must be desparate to get hold of some shares, and decent volume

Intraday recoveries are a sign of strength..... weak/stale holders out and new ones in.

Good buying and selling today, 2 way trading and stale bulls getting taken out.

Some nice big buys today i topped up but it wasnt those 300k numbers, should have another rise tomorow??...

Was indeed GB lots of 2 way trading, decent buys and decent sells - all clears out the stale bulls and consolidates the price at these levels pending more news.

MM's are having fun as they are with all their stocks atm.

The best price to actually buy the share over the past few weeks was 5.5p. The price looked as though it was going up but then dropped to bid-5p offer 5.5p.

On the recent news, for those nimble enough they could have sold at around 6.5p for a small profit. Of course most thought it was going higher so bought into the news. The response is the MM's have now dropped the price.

This is a story recurring everywhere in the last few weeks with the result that another shed load of PI's are trapped in the share. They can of course extract themselves out of it for a loss.

Hence all the comments above are just nonsense and should be disregarded. No doubt a profit will be made on those who are in at these prices as long as they don't mind waiting a few months for it.