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Newsflow for STAR
- tr1 sand grove out
- end of year accounts to December this week or next
- results from Croatia geothermal drill this week or next
- green network energy grants for the 3 already awarded sites
- activate mou with SSE
- drilling in glentworth for an extra 200-700 boepd
- hydrogen storage application
Reform UK will be getting my vote .. if the Tories had any sense they’d do a deal with Tice / Farage - it’s the only way they’ll keep Labour out, if the polls are to be believed. The ‘price’ of any such deal would include Reform seats round the cabinet table & concessions on policies. Immigration would be top .. but oil / gas / fracking is VERY high on Reform’s agenda. Here’s hoping, would be excellent news for Star Energy and other UK based O&G companies.
Well, the Tory's only success was getting Covid vaccine out - otherwise, a dreadful failure. Labour have nothing better to offer. Reform may be our only hope to save the UK and use our substantial resources!
Jesus we’d wake up millionaires
Wonder if a conservative/reform coalition is on the cards
Reform party : The party has pledged to accelerate oil and gas drilling, start fracking for shale gas, end subsidies for renewables, and scrap the windfall tax on oil and gas companies.
#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/