ASTA Stream Log

Astar Minerals plc ("Astar" or the "Company") Update on Mexico Energy Reform: Senate Approves Key Bills Astar Minerals plc is pleased to note that, further to the Company's announcement on 16 July 2014, the Mexican Senate has now approved the key bills with regards to the legislation required to reopen Mexico's vast energy industry to the private sector. The bills have now been passed to the Lower House of Congress for final approval which is expected by the beginning of August 2014, prior to being formalised into Mexican legislature by President Enrique Pena Nieto. Additionally, Lower House committees passed a hydrocarbons law on Monday that details the fine print of potentially profitable hydrocarbon licences and contracts that will, following the final Congress approval, be offered to private investors. Astar's Chief Executive Officer Stefan Olivier said, "With the final approval of Mexico's energy reforms in sight following the passing of bills by the Senate, we are eager to hit the ground running in the coming months. With this in mind, we are in the process of finalising our joint venture with Geo Estratos, a local and longstanding oil services provider that is well placed to secure oil and gas concessions and contracts via formal bid rounds and through its existing commercial relationships. I look forward to updating the market on the finalisation of the legislation process in the coming weeks and, subsequently, our progress in unlocking the significant hydrocarbon potential Mexico has to offer."

Premium on the buy and sell will look silly on monday

The last 2 trades of the day were poor

Buy signal, the de-rampers are out

Market starting to take notice!

Astar Minerals plc notes the recent announcement by the Mexican authorities regarding the progress being made in passing secondary legislation required to reopen Mexico's vast energy industry to the private sector. On Tuesday 15 July 2014 the legislation successfully passed through the Senate committee stage and will now move to the floor of the Senate on Thursday for approval. It is expected the Lower House of Congress will consider the legislation next week before being passed back to the Senate for final approval.

mm's having fun with this today...laughing all the way to the sushi bar

code 700 - i'm broke but found some change behind the sofa

ASTA looks good at 2.35

doh