.

And GB, keep on eye on SQZ.

News coming, if its good big move up, and if bad then down she goes.

Either way, its going to move in a big way, possibly a return to 100p levels on good news

Yes i was lucky to get in at 3.5 and kept topping up,Yes Prose watching SQZ..

As far as I'm aware I'm allowed to post on this thread and as such, I will put a contrary viewpoint to balance the rubbish you are espousing so that any unsuspecting PI can see for themself.

Long-term you may be right but as the monthly chart above shows, you would now be trapped in the share if you had taken the plunge. No amount of waffle will escape that hard fact.

Trapped in what ?

They are about to spud Slovenia and Hermrigen, in 3 months time the share price could be past 30p levels.

Trapped ? as they are just about to start 3 month to 6 months of lots of activity.... LOL :)

Now I know you are joking.

You may know about oilies Pro but you know sod all about the SM.

Open your eyes and take a look around.

What is it so far today Pro?

260,000 shares traded. Wow, obviously everybody can see a bargain here.

Compare to say CNR, 2m traded so far. I rest my case.

DD i would like to know what is the rubbish we'r spouting when its a fact ast are preparing to start drilling in Slovenia, and the option to get back into switzerland,obviously you missed out you'v still the opportunity to get in!!!!!!!!!!!!!!

Why should there be volume today ? The volume will come with the drill bit.

The drilling is to start soon, PG-11 first and then Hermirgen...... when Mr Drill bit is busy volume will increase.......

AST makes the "5 to Watch List at Stocko"


http://www.stockopedia.co.uk/content/five-to-watch-kalimantan-angel-ascent-matra-berkeley-50837/


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Well Pro we'r not watching we'r investing thats how to make money!!!! G L..

Strange how gb and Pros both disappear together.

Must be love I guess ....

I'v gone nowhere DEALERDEAR!! other things to do pity you have'nt ... waiting patiently for the news to come in.

Ah there you are.

I was getting worried about you.

Thankyou DD for your concern, weather making me want to hibernate, but hopefull things start warming up soon!!!!.

Comment from Fox-Davies today :

Ascent Resources (LON:AST) (BUY, 0.20) (AST, 6.25p, %u25B2 (4.17%)) has started mobilising a rig for the Pg-11 evaluation well in the Petisovci-Lovaszi project area in Slovenia, and that they expect to commence drilling on or around 16 December 2010, subject to weather conditions. The well is the first to be drilled by Ascent on the Petisovci-Lovaszi project area in which the Company recently announced an independently verified P50 estimate of gas-in-place of 412Bcf. The PG-11 well has a number of important objectives and the evaluation programme, which includes core sampling and state-of-the-art wireline logging, is designed to collect sufficient data for development planning, as well as calibration of the 3-D seismic to optimise the geological modelling over the entire project area.

Comment: The Petisovci-Lovaszi area is the company's operational focus. Ascent has taken important steps to progress the work on this asset including the recent financing through a loan facility and the Standby Equity Distribution Agreement ("SEDA") with Yorkville. This asset has the potential to drive near-term value and it is welcome news that the drilling operations are underway; PG-11 will be the first in a 4-well drilling programme. We look forward to further updates from the evaluation programme and maintain our Buy

http://www.proactiveinvestors.co.uk/companies/news/23594/ascent-resources-potential-is-clearly-being-underestimated-finncap-23594.html


The potential of Ascent Resources (LON:AST) assets is clearly being underestimated by the market, according to research by city broker finnCap.

The broker believes that Ascents projects could deliver nearly 10x upside if they prove successful.

Trading at a 60% discount to total NAV (Net Asset Value) Ascent is by far the cheapest stock in our coverage universe, providing a highly attractive entry point, finnCap analyst Will Arnstein said.

He adds: we believe there are near-term catalysts that could drive a material re-rating.

The analyst highlighted the 414 billion cubic feet (Bcf) Petişovci-Lovaszi re-development project, and its plans to drill five other exploration and appraisal wells planned in 2011, as two of the main catalysts.

This morning Ascent told investors that it has mobilised the rig for the first well in the Petişovci-Lovaszi programme.
This well, Pg-11 will be the first to drill on the Slovenian portion of the Petişovci-Lovaszi project area. Depending on the weather drilling is expected to get underway on or around 16 December 2010.

The Pg-11 well has a number of important objectives and the evaluation programme is designed to collect sufficient data for development planning, as well as calibration of the 3-D seismic to optimise the geological modelling over the entire project area, Ascent said.

FinnCap believes that the Petisovci-Lovaszi gas field provides a material re-development opportunity .

A recent CPR (Competent Persons report) by RPS has confirmed Petisovci-Lovaszi as a significant under-exploited tight gas field with 412 Bcf of GIIP (billion cubic feet Gas Initially In Place), Arnstein added.

The field has been partially developed in the past, producing 10 Bcf without the benefit of modern drilling and completion technologies,

Ascent believes a recovery rate of 65% should be achievable from reservoirs of this type, providing a huge re-development opportunity for the company.

Additionally the analyst also highlighted that Ascents innovative sale of its Swiss assets, may still provide exposure to high impact drilling at no cost.

In April, Ascent sold the assets for 8 million and retained an option to get back into the projects after its new owners have drilled up to six exploration/appraisal wells.

Overall Arnstein believes that Ascents value could rise rapidly.

In terms of his current valuation, Arnstein said: Our total NAV for Ascent is 15.6p per share and is made up of an -1.2p core NAV and a 16.8p risked NAV.

With most of Ascents activities in the exploration and appraisal phase, core NAV is currently limited, but could rise substantially within the next year as projects move rapidly to development.

Separately other analysts have also gave upbeat comments on Ascent and the Petisovci-Lovaszi project.

Fox-Davies stressed that Ascent has taken important steps to progress the work on Petisovci-Lovaszi.

This asset has the potential to drive near-term value and it is welcome news that the drilling operations are underway; Pg-11 will be the first in a 4-well drilling programme, the broker said.

We look forward to further updates from the evaluation programme and maintain our Buy recommendation.

Well Prose all reports are positive its a matter of been patient,thanks for posting..

I thought you might like the 10 times upside comment.

60p - that would be nice.... :)

http://www.proactiveinvestors.co.uk/companies/news/23616/broker-roundup-desire-petroleum-rockhopper-ascent-resources-minera-irl-electrum-alliance-pharma-23616.html


Desire Petroleums (LON:DES) Rachel discovery suggests that the North Falkland basin has the potential to be an important oil province, according to research by Evolution Securities.

This morning Desire announced that the latest well to test the Rachel prospect struck oil from 2,621 metres.

Initial analysis indicates that the well encountered sands and shales with hydrocarbons with 349 metres gross interval, from which it has 57 metres of net pay in multiple zones.

The new Rachel well encountered sands and shales with hydrocarbons from 2,621 to 2,970 metres.

The thickest zone is 8 metres thick with an average porosity of 20% , Desire said that the other zones are thinly bedded and lower porosity.

Desire stressed that further analysis, from additional wireline logs, is required to establish the reservoir potential.

Wireline logging is ongoing but initial indications are that the thickest section has good porosity which bodes well for any future flow test and therefore commerciality of the field, Evolution oil analyst David Farrell said.
Farrell upgraded the oil explorer in light of the news. He now rates the stock as a buy with a 180 pence target.

Similarly Northland Capital - formerly Astaire Securities - also had an upbeat view on Desire, now it has an oil discovery of its own.

This looks very positive and vindicates Desire's decision to pursue the Rachel prospect with a second well (largely a consequence of analogous data from
Rockhoppers Sea Lion prospect), Northland analyst Andrew McGeary said.
Finally some reward for Desire's endeavours in the form of oil here.

Fox-Davies Capital featured Desire in its 'Daily Monitor' today and asked: "Have Desire and Rockhopper cracked the North Falkland Basin? Possibly, as Rachel confirms one of the play concepts unravelled by the Sea Lion discovery.
"It remains to be seen though whether reservoir development and quality are sufficient for Rachel to be commercial. Hence this is obviously very good news but still early days," the broker added.

The potential of Ascent Resources (LON:AST) assets is clearly being underestimated by the market, according to research by city broker finnCap.

The broker believes that Ascents projects could deliver nearly 10x upside if they prove successful.

Trading at a 60% discount to total NAV (Net Asset Value) Ascent is by far the cheapest stock in our coverage universe, providing a highly attractive entry point, finnCap analyst Will Arnstein said.

He adds: we believe there are near-term catalysts that could drive a material re-rating.

The analyst highlighted the 414 billion cubic feet (Bcf) Petişovci-Lovaszi re-development project, and its plans to drill five other exploration and appraisal wells planned in 2011, as two of the main catalysts.

This morning Ascent told investors that it has mobilised the rig for the first well in the Petişovci-Lovaszi programme.

This well, Pg-11, will be the first to drill on the Slovenian portion of the Petişovci-Lovaszi project area. Depending on the weather drilling is expected to get underway on or around 16 December 2010.
FinnCap believes that the Petisovci-Lovaszi gas field provides a material re-development opportunity .

A recent CPR (Competent Persons report) by RPS has confirmed Petisovci-Lovaszi as a significant under-exploited tight gas field with 412 Bcf of GIIP (billion cubic feet Gas Initially In Place), Arnstein added.

The field has been partially developed in the past, producing 10 Bcf without the benefit of modern drilling and completion technologies,

Ascent believes a recovery rate of 65% should be achievable from reservoirs of this type, providing a huge re-development opportunity for the company.

Additionally the analyst also highlighted that Ascents innovative sale of its Swiss assets, may still provide exposure to high impact drilling at no cost.

Overall Arnstein believes that Ascents value could rise rapidly.

In terms of his current valuation, Arnstein said: Our total NAV for Ascent is 15.6p per share and is made up of an -1.2p core NAV and a 16.8p risked NAV.

With most of Ascents activities in the exploration and appraisal phase, core NAV is currently limited, but could rise substantially within the next year as projects move rapidly to development.

Separately other analysts have also gave upbeat comments on Ascent and the Petisovci-Lovaszi project.

Fox-Davies stressed that Ascent has taken important steps to progress the work on Petisovci-Lovaszi.

This asset has the potential to drive near-term value and it is welcome news that the drilling operations are underway; Pg-11 will be the first in a 4-well drilling programme, the broker said.

We look forward to further updates from the evaluation programme and maintain our Buy recommendation.

............

Just got home been out all afternoon, Yes Prose i do like the sound of a 10 bagger!!!!!!!!!. SQZ looking tasty??.

Thanks to smarty, here is a link to the Broker Note on AST, you can download and read at your leisure :

http://www.mediafire.com/?vcogo6g2j8x2612

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