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This should generate 47gwh of power when up and running...
Bletchingley
The Bletchingley gas to wire project now has full planning consent, environmental permits and a secured grid connection. Further work by the Distribution Network Operator is underway to optimise the grid connection routing. Subject to this being finalised, expected imminently, the project is now "shovel ready".
The development of the Stoke-on-Trent project has taken longer than anticipated..
This due diligence was conducted during the year and the technical and commercial aspects of the geothermal heat provision within the project were signed off by the consultant towards the end of Q3 2023. Subsequent to the year end, SSE, as lead applicant have submitted a project change request to the GHNF which seeks to amend both the capital grant as well as the timetable within which that grant will be spent. A decision is expected in the second quarter of 2024.
Tax losses
The Group has gross total tax losses and similar attributes carried forward of £362.1 million (2022: £355.3 million). Deferred tax assets have been recognised in respect of tax losses and other temporary differences where the Directors believe it is probable that these assets will be recovered based on a five-year profit forecast or to the extent that there is offsetting deferred tax liabilities. Such recognised tax losses include £109.5 million (2022: £123.2 million) of ringfence corporation tax losses which will be recovered at 30% of future taxable profits, £92.6 million (2022: £119.8 million) of supplementary charge tax losses which will be recovered at 10% of future taxable profits and £4.3 million (2022: £1.9 million) of losses arising under the EPL regime which will be recovered at 35% of future taxable profits.
HTtps://youtube.com/shorts/0CZUuQli6LE?feature=shared
Dated 18th april 2024 short clip at akatara, not sure when it was filmed though
I added today and yesterday.
Canaccord Genuity Group reaffirmed their buy rating on shares of Star Energy Group (LON:STAR – Free Report) in a report released on Tuesday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 55 ($0.70) price objective on the stock.
https://www.defenseworld.net/2024/04/10/star-energy-group-lonstar-receives-buy-rating-from-canaccord-genuity-group.html
Certainly can jump from nowhere this stock
Just the oil assets that push out over 2k boepd are worth at least 40p a share if sold. IMV
This has Ring fence tax losses of £259 million and 1P NPV10 of $144 million(2021: $139 million): 2P NPV10 of $215 million (2021: $190 million)
By another poster on another board..
They’re also looking into to hydrogen storage with any depleted assets.
https://cadentgas.com/news-media/news/march-2024/502a8604-b1a5-4984-821d-ccdf145ac95d#
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).
The funding will be used to undertake an innovative new study to evaluate the geological storage potential in the East Midlands region that is set to be served by Cadent’s future 100 per cent hydrogen pipeline.
Star has the largest fracking licenced areas in the uk - see what this outfit are doing with their areas in the uk..
posted by a user on another board..
the fracking licensed areas (biggest in UK) which could be converted for Geothermal use
https://www.cpreney.org.uk/news/yorkshire-fracking-site-geothermal-energy-hub-sustainable-solution/
Star is unhedged on its oil so capturing all the upside on the latest run up in prices. They have obtained financing to retire the rest of the legacy debt and provide for drilling costs in the geothermal space. This leaves the cashflow from the oil to ensure it can be expanded and optimised.
The company is now in the best place it has been for years. This should be a rerate we are seeing now.
Yep - did wonder where roxi was
I note in the comments on the below page, regarding the funding...(what brings sericas CFO to stars linkedin page?)
https://www.linkedin.com/posts/starenergygroupplc_we-are-pleased-to-announce-this-morning-the-activity-7183369015728181248-kRct
Martin Copeland
CFO at Serica Energy
14h
Huge congratulations guys! Really excited for you
From the last accounts...
As fixed odds sports betting spreads throughout the USA at an impressive rate, there is a growing demand by the larger operators to partner, merge or even acquire licensed pari-mutuel operators. Our internal market analysis suggests WatchandWager has a unique position in the USA as one of the top five licensed operators in our sector. Our stable platform of technology, payments, licenses, and most importantly content, is of interest to the larger sports betting operators, who are looking to augment their gross margins, which are under increasing pressure. Our licensed operation at Cal Expo with its “bricks and mortar” presence in California, enhances that position, especially in relation to leverage in California and the USA generally
Good solid move today - 10p is still cheap for GDP and makes it an undemanding target
Finally on the move up
Because they were subject to relentless selling by sandgrove and bank of america, as well as paying down debt. The share price is beginning to recover now that it appears those two sellers are gone and the debt will be gone in about two to three months also.
when they were IGAS, they had a low of about 10p a share when covid lockdowns arrived in 2020 and hit over 110p a share when the shale ban was lifted. IGAS was about 15p a share when the name change took place, if I recall.
as the above has dragged on for so long, the market has largely ignored them. The company is in better shape than it has ever been and by rights, a reversion to at least 20p a share should be on the cards as it is an undemanding target and is a good support level.