Added to YB: 2024-02-26
Pitch date: 2024-02-23
AST.L [bullish]
Ascent Resources Plc
-80.7%
current return
Author Info
Kingfish Capital is a special Situation investor based in Australia. Sign up for the newsletter.
Company Info
Ascent Resources Plc engages in the onshore oil and gas and helium production and development operations in the United States and Slovenia.
Market Cap
GBP 4.1M
Pitch Price
GBP 0.03
Price Target
0.06 (+918%)
Dividend
N/A
EV/EBITDA
-1.42
P/E
-0.54
EV/Sales
53.91
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
An undiscovered, inefficient special situation with 40x upside - $AST.L
AST.L: £6M mkt cap, suing Slovenia for €656.5M after fracking ban nullified €50M 10yr investment. Precedent suggests settlement likely. Contingency litigation funding secured. Also seeking $6M from JV partner. Thinly traded "call option" with significant upside potential.
Read full article (4 min)