Malcy's Blog / PR improvements12 Jun 2024 15:25
Decent write up from Malcolm Graham Wood on Twitter .. it would be nice to see an interview with new CEO, Ross Glover, and more regular social media posts updates from the company. I do think STAR ENERGY would benefit from some improved PR .. attract new investors and certainly more regular communication with existing / potential shareholders. It's a good little company - let's get the message out there !
Malcom Graham Wood : https://www.malcysblog.com/2024/06/oil-price-star-energy
'A confident statement from new CEO Ross Glover who appears to have a strong grip on the portfolio and how to maximise performance. He starts with production of c.2000 boe/d in line with guidance and they are well placed to use the well stock to give a swift payback and to keep opex down, and without the shale licences around their neck. New projects are still coming through the system which is encouraging and I like his attitude about right-sizing the business. The recent refinancing has helped this and offers flexibility on the growth front with a stronger balance sheet, optionality with regard to economics and offering upside in the portfolio. As for geothermal, the new CEO is a believer and claims it will play a ‘key part’ in decarbonising heat without a lot of the detritus of conventional sources of energy. I will bow to him on that front as it looks too good to be true and you know what they say about that .. I’m confident that Star is on the right road and in a good place with Ross Glover in the driving seat, sticking with the oil and gas knitting in these days seems a wise move, I look forward to seeing the development of Star under new management.'