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Posts Categorized: Ascent Resources
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Ascent Resources – Gas price surge expected to boost gross production revenues to at least €150,000 a month
By Dr. Michael Green There seems to have been precious little let up in global gas prices this year. This morning Ascent Resources gave the market an update not only on gas prices at its Petisovci gas project in Slovenia, but also took the time to highlight amendments to Slovenian Mining Law which provide scope […]
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Ascent Resources – Non Recourse Funding Secured for Claim against Slovenia
By Dr. Michael Green Investors woke up this morning to game changing news from Ascent Resources concerning the standoff with the Slovenian government. The board was able to announce that Ascent has signed a binding damages-based agreement to pursue the company’s Energy Charter Treaty (ECT) and UK-Slovenia Bilateral Investment Treaty (BIT) arbitration claim against the […]
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Ascent Resources update – moving to initiate international arbitration proceedings in Q2. Renewed buying opportunity
By Dr. Michael Green A week or so ago, Ascent reported news from the Government of Slovenia that it had failed to set forward a damages proposal and confirmed that an amicable settlement wasn’t achievable at this time. This means that Ascent will be moving ahead to commence arbitration proceedings shortly. At this juncture, it […]
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Ascent Resources update – Proposed Slovenia settlement terms due next month. Reiterated Buy stance
By Dr. Michael Green The latest update on the Slovenia situation at Ascent Resources sent the clearest indication yet that progress is being made. This all concerns the company’s dispute with the Republic of Slovenia under the UK-Slovenia Bilateral Investment Treaty and the Energy Charter Treaty. Over the past four months there has been a […]
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Ascent Resources update – smoke signals from Slovenia grow larger
A well-crafted announcement this morning ushers in continued music to the ears of Ascent Resources’ shareholders, not least ourselves as largest holder. Not only was there news on negotiations with the Government of the Republic of Slovenia and but also on the company’s Slovenian operations on the ground. Most importantly, the board was able to confirm […]