Added to YB: 2024-02-26
Pitch date: 2024-02-23
AST.L [bullish]
Ascent Resources Plc
-82.46%
current return
Author Info
Kingfish Capital is a special Situation investor based in Australia. Sign up for the newsletter.
Company Info
Ascent Resources Plc, together with its subsidiaries, operates as an independent oil and gas exploration and production company in Slovenia and the United Kingdom.
Market Cap
N/A
Pitch Price
GBP 0.03
Price Target
0.06 (+1020%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
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)