Ascent Resources ventures into Cuba.

James Parsons; “Time for fresh ideas & bold moves”

While the oil market is at historical lows as the global economy struggles with a production cut that will eventually set prices rising again, AIM-listed Ascent are rolling the dice, setting up an ambitious international strategy, that could be a company maker.

Bold moves can pay off when made wisely. The world knows Cuba has a history like no other Caribbean island, it’s one of the richest underexplored and undeveloped hydrocarbon regions in the world. It is also the new target of junior oil & gas exploration company Ascent Resources (LON: AST)

Restructuring a company and redefining its strategy is far from easy in this market and a move like this one takes a lot of commitment and expertise. In Ascent Resources, a fresh team has arrived with the intention of shaking up the company: the board has an ambitious portfolio among the first items on their agenda. Chairman James Parsons has taken control and has appointed a CEO, announcing an international strategy. Destination Cuba.

A low oil price affects all countries and all companies, big or small. Major players like Shell and BP, have seen their share prices drop. For small caps, it is even more challenging. The fundamental rule of thumb is this: Generally, debt free, oil producing companies with solid balance sheets and viable projects survive to make a comeback in the market when it turns.

The old, tired Ascent legacy was a poorly performing company that lacked transparency, coupled with a history of failed promises and disappointments too many to mention here. Suffice it to say AST as a company had lost its credibility among its shareholders and in the market. Does James Parsons’ as Ascent’s new Executive Chairman, herald a new beginning? My answer to that is ‘Yes’

What investors/shareholders fail to understand about the oil and gas sector is this: At best regardless of what is postulated by the various analysts, brokers and financial commentators the chance of success (COS) is never better than a one in four. That is fact. Cold fact! The only way an oil company can prove up its asset is to drill it. The geology is built up over millions of years. It’s either there or it is not. As a shareholder the best you can expect from a CEO and the company is that they do what they say on the tin. They drill their licences exploring for petroleum. That is as good as it gets for shareholders. The icing on the cake is finding commercial oil/gas. Parsons took Sound Energy (LON: SOU) from 7p to over £1 he built value in his first venture. He did what he said he would.

Take a licence, fund it and drill it, is a feat of management way beyond the normal on the AIM. The geology failed. James Parsons did not. His bit part in other ventures such as Coro, Echo & Regency mines have yet to play out. Decisions are made collectively. One person isn’t responsible it is management who action. Demonising any individual for millions of years of geology, is laughable. As an investor so long as the company drills its licences in a timely fashion then that’s as good as it gets on the Alternative Investment Market. The opportunity to trade in or out during the E&P cycle.

The move to Ascent has been on the cards for a long time. Parsons is a deal maker: he has an eye for big opportunities, and he sees one in Cuba. One thing is certain, James Parsons will drill for oil in Cuba.

In a recent RNS, he commented: “Cuba is one of the last remaining largely untapped hydrocarbon provinces of scale. We see here that despite the recent market turmoil and oil price collapse, the unique ingredients are in place for a new, highly material growth trajectory across oil, gas and mining when the cycle turns. We also see near-term inflection points for Cuba, including the approaching US elections.

We are therefore positioning Ascent as an advantaged platform for counter cyclical acquisitive growth with a focus on low-cost production, manageable initial capital commitments and near-term re-rate potential.”

But it isn’t all about Cuba. Ascent still has its historical Slovenian gas assets. A relationship with the Slovenian government must be built and progressed to make sure that AST’s historical bread-and-butter assets can increase production.

The new Board has a proven history of drilling their licenses on time and on budget.

Cuba represents a new direction for AST & oil/gas investment in the UK. It’s a bold move that could bring rewards and is worth following. The upside could be immense.

Keep this on your radar and reassess in 6 months.

Finance Magnates London Summit: The must-go show for crypto investors

Where is crypto headed? The 2018 edition of the London Summit brings together more than 70 industry leaders and specialisedprofessionals to share their vision and experience with over 2,500 attendees, in one of London’s most exciting events for crypto believers.

In 2017, the summit welcomed over 2,000 delegates and 1,100 exhibiting companies and 2018 promises to repeat last year’s success.

Amidst the current frenzy around blockchain, many investors look at the crypto market and wonder if they are missing out on something. Recognising the growing convergence between crypto traders and blockchain technology enthusiasts, the London Summit will set aside an area dedicated to all things crypto, the hottest trend in the trading market. Make sure you pop into the ‘Crypto Trading Floor’, where you can engage with fellow investors, and join both actionable and visionary sessions by the most notable experts in crypto.

London Summit 2018 — What’s on the Agenda?

Many other crypto experts from around the world are making their way to London as the capital gets geared up to become a global blockchain hub.

Delegates can expect keynote speeches by Coinbase UK’s CEO, Zeeshan Feroz, and eToro’s CEO, Yoni Assia, who will be discussing opportunities in crypto in 2019.

Another unmissable panel discussion will be analyzing different crypto trading models, featuring industry stalwarts such as Coinfloor CEO, Obi Nwosu, CX Seed’s Sam Tegel, and more.

The sessions aim to educate investors on trading in the crypto space, advising on key ‘dos and don’ts’. The crypto sector has been attracting attention from investors and venture capitalists who don’t want to miss the opportunity to join this ride while the market is still maturing.

Resembling the dotcom boom, the blockchain revolution is prompting a surge of multiple companies within the tech sector, so there is no shortage of projects and ICOs trying to carve their place in the crypto sector. It is natural for investors to feel ‘spoilt for choice’ in such a vibrant new sector. At the London Summit, you will hear both about new and exciting projects at an ICO competition, held by DX.Exchange, and about trends and developments in the regulation of this booming sector.

To better understand the disruption blockchain is creating, make your way to the Cryptocurrency Trading: Breaking Down Retail and Institutional models panel. The speakers will give you insights into the power that decentralised technologies have to change current business models, and what we can expect from the blockchain revolution. Come and meet us!

We, at Cassiopeia Services, recognise the importance of networking events and conference as an invaluable opportunity for people to connect and network. We are proud to be media partner for London Summit 2018 Edition!

Blockchain and Crypto PR guru Stefania Barbaglio, founder and director at Cassiopeia Services, will be joining a panel on effective PR in crypto and communications strategies in the blockchain space.

In her show FinancialFox, she recently interviewed the well-known founder of Digibyte and Head of Operations at Cardano on the disruptive power of blockchain technology. She is host regular show with Steemit blockchain ambassador Stephen Kendall, to discuss the most effective strategies for equity investors to start moving into the crypto space.

”The evolution of cryptocurrency can create a major revolution in the very way we transact and exchange value, and we have been covering this space extensively since 2012, so the creation of a crypto event was a natural one for us,” says Michael Greenberg, Founder and CEO at Finance Magnates Group, which offers industry and market news. “We look forward to hearing the views and opinions of some of the leaders of the European crypto community at the event.”

The event is also the perfect opportunity to meet like-minded people, get to know potential partners and gain unique insights into the financial world as it gains this new shape.

Register today!

From equities to crypto: Essential know-how for investors joining the blockchain revolution

Amidst the current frenzy around blockchain, many investors look at the crypto market and wonder if they are missing out on something. In the latest episode of the FinancialFox, notorius equities investor Chris Oil and the well-known crypto ambassador Stephen Kendall get together to discuss financial markets, investment opportunities and cryptocurrencies.

Old school sapient Investors, like Chris oil, don’t want to miss out on the blockchain opportunity but still fear the crypto market comparing it to the dotcom boom thus most do not invest in crypto coins. Too volatile, maybe too new. Another matter is blockchain technology.

Blockchain is a distributed, decentralised technology which can be applied to multiple ends. Even though they are blockchain’s best-known deployments, cryptocurrencies are in fact only one possible application of blockchain systems.

Despite the growth in crypto, more ‘conservative’ markets such as oil and gas still offer plenty of opportunities for investors. For those interested in this space, Chris says to keep an eye on the infamous Horse Hill Weald Basin and Solo Oil (LSE: SOLO) and then the African Chariot Oil (LSE: CHAR). And “don’t forget uranium which is going to up significantly in the next three years, and you want to be buying it now at the bottom. The best companies to look are listed on the Canadian and Australian Stock Exchang”e, says Chris Oil.

Just as the dotcom boom, the blockchain revolution has prompted a surge of multiple companies within the tech sector, so we are not short of projects and ICOs trying to earn their place in the crypto space. This also means that many of these projects are unlikely to survive once the frenzy is over.

The key, says Chris Oil, is to invest in the strong survivors, such as Online Blockchain (LSE:OBC). Throughout 2018, OBC has launched a couple of tokens in Latin America and Asia as part of their strategy of exploring the cryptocurrency potential in emerging markets and serving community development.

On top of that, OBC has created PlusOneCoin, a unique social affirmation coin for the investment and trading community. The coin is hosted by the biggest investor platform ADVFN and can be earned through chatroom interactions. Last week, PlusOneCoin experienced a 34% increase in just 24 hours due an increased mining interest, following a summer of solid performance.

Chris Oil and Stephen Kendal are interviewed by Stefania Barbaglio on FinancialFox

In the crypto sphere, the savvy Chris Oil believes the strategy for investors should be not to invest in cryptocurrencies directly, but instead research and invest in companies who deploy blockchain to some end; for example, Block Commodities (NEX: BLCC), the agri-tech company developing a blockchain system for African farmers.

After all, the true power of blockchain lies on its potential to disrupt multiple systems which are right now controlled by one single entity.

For those who are curious about crypto but not yet familiar with it, Stephen believes that the platform Steemit.it is a good place to start. Steemit.it works as a social media/ forum platform for users to interact, but also allows users to mine Steem coins themselves, giving them great insights into the blockchain world.

Kendall believes that the blockchain revolution is only one of the steps we are taking to realise the full potential of the internet, and there is much more to come. Blockchain could allow virtually any system to be opened and decentralised.

We are on the verge of a revolution that will transform markets into a tokenised system, with no central authority and where each part of the network answers for itself. Timothy John Berners-Lee, the inventor of the World Wide Web, had already envisaged the power and accountability of a decentralised system when he created the internet, says Stephen.

“Over next decade, there will be a migration from the old archaic centralised system sat on the internet, to a fully decentralised system which is going to allow everything to be accountable for the first time,” says Stephen Kendall.

Crypto projects can be very ambitious and innovative, gathering strong community support, like Digibyte, for example. Created four years ago and with a growing community, Digibyte has increasingly more influence in the crypto world. Its followers are passionate and believe in the cryptocurrency’s potential to become a global coin. Proof of this is the Venezuela project, a initiative from the Digibyte community to support the people of Venezuela with Digibyte, propelling the argument that the coin can increase financial inclusion and be mass-adopted.

Crypto master and entrepreneur Clem Chambers believes that equities and crypto are not necessarily rivals but actually complement each other, and the combination of the two can make an investment portfolio very powerful: “Bitcoin is new wealth in the same way as a new gold mine would make the world wealthier. There is no reason that Bitcoin can’t be worth what all the gold on earth is, or much more. Bitcoin has a better use case than gold but the use case of Bitcoin is not exactly the same as gold and will not make gold obsolete.”

Many developments are still to unfold as the blockchain revolution gains ground around the world and more innovative projects emerge. It is definitely a market to watch.

At Cassiopeia, we are committed to help private investors who wants to better understand blockchain and the opportunities it opens up. Sign up to our FinanciaFox Channel for more video interview, our Medium for news and our website for our next crypto symposium.