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#STAR
£10m mcap highs of £100m+
UKs largest listed UK land producer 2000-2200 boepd, cash generator/profitable, reinvesting into abandonment/green energy (hydrogen,ccs, geothermal and solar)/new oil and gas generation on current uk on land assets
On track to deliver an extra 200-800 boepd (all paid out of cashflow) taking them to 2500-3000 boepd
Geothermal unseen on UK market, operate in Croatia and UK. UK assets in partnership with SSE as offtake profit potential of £14m+ on each plant
RBL debt facility available up to £17m only £2m used
Reason it’s cheap: used to be called IGAS and had the largest uk fracking asset capable of generating enough gas for the uk for 19 years, tr1s 20%+ (sand grove and Bank of America) bought in off the back of fracking and had to exit due to the ban, subsequently rebranded and forgotten
Crazy isn’t it. sadly we may aswell ignore it
“ The U.S. fracking revolution has caused natural gas prices to drop 47 percent compared to what the price would have been prior to the fracking revolution”
When you add in all the posturing from Putin, and greater talk of conflict, it seems ridiculous to me that fracking sites are not done in readiness.
Like as a government scheme, a bit like have enough face masks for a pandemic!
Simplistically - it should be on the agenda for ANY government.
With fracking the uk could be self sufficient and not require shale gas from US. Rediculous that MPs cannot see that as a benefit.
Surely the problem with all these schemes us the infrastructure costs. How do you link the heating pipework of thousands of existing houses together? The ideal solution would be to use the hot water to generate electricity, but you need much higher temperatures for that than obtainable from old coal mines. I think it is a case of green zealots clutching at straws. Fracking was and still is the answere to the UK's energy needs and energy security, if we only had politicians with some backbone.
Yeah..closed up 9.93% along with a couple of hefty buys earlier
NM
Come on Mr. CEO give us some positive figures ref Croatia geothermal drill.
Have some perspective. its about 20 grand of sells and they dropped the bid.
Maybe someone knows the results.
This is getting serious, why has star gone down?!!
Brent oil has shot up this last week. Hopefully Star follows
Hopefully get a little sign of a turnaround this week, chart looks decent.
Also noticed the “stoke district heat network” have started advertising houses 🤔
This is the one with SSE as JV, be nice to see the MOU activated
Geothermal drilling in Croatia 3x licences with government backing
Geothermal drilling in the uk with #SSE as partner 3x permits 35 permits preferred bidder
Hydrogen/carbon capture JV with Cadent
Solar panel JV
All funded via cash flow
AXL (still crazy undervalued)
70m mcap
3300 boepd
PXEN
17m mcap
2m revs per quarter (STAR 11-15m)
Small debt
ANGS
17m mcap
1400 boepd
Mountains of horrendous debt/dilution
STAR
10m mcap
2000-2200 boepd
Debt (RBL 4% libor) 2m-zero
Forecast 2500 boepd+ by year end
Https://x.com/theunsophistic2/status/1768625560819814471?s=46&t=4s-AQzZhMmeWz3Ire1AEsA
Nice to see that blue colour
Thanks for the info on this. Good to know. Shame they haven't rns'd though.
“H2 View understands the project will investigate hydrogen pipelines and subsurface silos; lined rock caverns and shafts excavated from intact rock and lined with cement and steel; and salt caverns.”
https://www.h2-view.com/story/emstor-secures-funding-to-identify-hydrogen-storage-solutions-in-the-east-midlands/2107260.article/
• Exciting new study funded through OFGEM/Innovate UK's Strategic Innovation Fund (SIF) will explore underground hydrogen storage potential.
• EMstor (East Midlands Storage) will study and map regional potential of intermediate to large-scale hydrogen storage options.
EMstor, a consortium led by Cadent, the UK’s largest gas distribution network, and partnered with Star Energy Group, British Geological Survey (BGS), Net Zero Strategy and the University of Edinburgh, has been awarded Discovery funding by OFGEM/Innovate UK’s Strategic Innovation Fund (SIF).
This is new. Cheers Daniel
Smacks....... alert the cnts
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwj6zOS3xO6EAxW8WEEAHbaDASQQFnoECA0QAQ&url=https%3A%2F%2Ffuelcellsworks.com%2Fnews%2Ffunding-bid-success-for-emstor-set-to-explore-geological-hydrogen-storage-potential-in-the-east-midlands%2F&usg=AOvVaw2fuVTGLtGW5A6A5idno-YS&opi=89978449
https://hydrogen-central.com/cadent-funding-bid-success-for-emstor-set-to-explore-geological-hydrogen-storage-potential-in-the-east-midlands/
Even a whisper of something being able to be done with those gas reserves would set the thing booming. Sadly I think we can discount it for now. 2000 Bopd and getting debt free in 2024 is still pretty incredible for the cap here.