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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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Yes PRO read and digested, thanks...

Nice blue rise so far reckon we could hold today and build on the momentum that we are seeing on the run up to the spudding....??

Very strong, clearing out the stale bulls.

No reason this should not be well over 10p soon, going to be an exciting few months ahead and maybe a 20p price target is too low.... ?

You could be right on all counts Prose!!!!!!!!!!!!!!!

12.05 250k at 26.50p that would do for starters!!!!!!!!

Excellent end to the week, strong demand for shares taking out the top slicers and stale bulls who probably hoped their selling would weaken the price and make it fall back.

Wrong they were, the buyers are more than the sellers and so the share price rises upwards...... into a nice strong close.

Perhaps a break though 10p next week.

Yes Pro i was looking for 8.5 before the spud news but it looks like it could hit higher!!! then who knows after????

Thanks to a poster on III for the info.


AST gets a speculative buy rating in Shares this week, summary as follows:

"Speculative investors should 'snap' up as AST prepares to drill a well on 412bcf Petisovci-Lovasi prospect."

Mentions can be bought into production quickly off the back of existing infrastructure

6 wells to be drilled over next 12 months across 3 core developments with a potential rereating to 58p quotes FinnCap.

Drilling expected to start q1 on Hermrigen gas field targeting a 120bcf prospect.

Also mentions Anagni-2 likely to be spudded mid 2011 targeting approx 5mmbo.

Highlights risk of potential requirement for additional funds, up to 15million, through a dilutive placing for contingent wells and upgrade of production infrastructure at Petisovci"

Should'nt be to dilutive Prose if the share price is higher??write up wont do the share price any harm!!!!

A nice chart update from "fingers xxd" at AFN

http://www.advfn.com/cmn/fbb/thread.php3?id=5456944&from=13853

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A deal with the EDB will really cut down on any dilution, so lets hope they move with a debt-finance solution for Slovenian.

http://www.proactiveinvestors.com.au/companies/news/11559/slovenia-success-could-transform-ascent-resources-11559.html


............spects. Once management has the data it can decide how it finances the project, with the capital costs estimated at between 100 and 150 million euros.

One way to bankroll the potential 28 hole programme at Petişovci-Lovaszi might be to find a farm-in partner.

But Ascent doesnt really want to dilute down its 75 stake in the project.

So it may look to debt-finance Petişovci-Lovaszi. Cunningham says there are sources of funding out there including possibly the European Bank of Reconstruction and Development as a possible partner.

Farming in is about both risk mitigation and funding but also provides an access to technical expertise, the Ascent finance director said.

It is a double edged sword. Obviously you get someone to carry you through the drilling programme.

But it (Petişovci-Lovaszi) is fairly large, instantly producible and the.............

Simon Cawkwell's view (EK)


.......Also constantly perking up is Ascent (AST), now 8.5p middle or so. News is on its way and holders should hold very tight. Newbies can snaffle a few as a matter of principle......


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Nice to see some more "initial coverage".

http://www.iii.co.uk/articles/13532/hybridans-small-cap-wrap


I think more and more are waking up to the fact AST is going to have some very exciting times in the coming 6 months. Those exciting times will be made vastly more exciting if they can come to a deal with the European Development bank for debt-finance for Slovenia, as has been suggested already.

If you look at the projects they are all pretty much appraisal.

Slovenia - gas is there, proven, produced some years ago and now looking for sweet spots to tap the main resource.

Anagni/Ripi - proven oil, again, looking for sweet spots.

Swiss - proven gas, appraisal well.

Netherlands - proven gas awaiting farm out to appraise.

Hungary - proven gas, producing now and might look at deeper potential later.

Slovenia starts now, Swiss in Q1 2011, and Anagni maybe Q2 2011. Thats three high impact projects all happening in the coming 6 months.

It looks as if it is well run, and the fact that they are not at the mercy of the sea for their exploration is a big plus.

They are also focused on "mainland Europe" - which negates the political risks too. Such a focus also gives them access to good sales prices for oil and gas.

Hopefully everything on time weather in slovenia dry,cloudy with sunny intervals...

Strong finish to a strong week. Should be spudding news next week for PG11

Market Opening times over the holiday period :

Friday 24 December 2010 Markets close from 12.30
Monday 27 December 2010* Closed all day
Tuesday 28 December 2010* Closed all day
Wednesday 29 December 2010 Normal business day
Thursday 30 December 2010 Normal business day
Friday 31 December 2010 Markets close from 12.30
Monday 3 January 2011* Closed all day
Tuesday 4 January 2011 Normal business day