Member Info for SEA7

Https://drillordrop.com/2024/03/04/uk-onshore-oil-and-gas-production-in-charts-december-2023/

star still producing 17% of all the UK onshore oil - 2nd highest producer

star still producing 5% of all the uk onshore gas - 3rd highest producer

Https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867

shows the NAV at price points all the way up to $180lb

Https://standardbredcanada.ca/news/3-25-24/give-me-dance-named-california-horse-year.html

Published: March 25, 2024 01:50 pm EDT

Perez talked about such items as an increased new horse incentive for the future 2024-2025 Cal Expo meet, the solid horsemen’s agreement and contract with Watch And Wager through to 2030, along with remembering horsepeople and horses who had passed away in the past year.

Chris Schick, general manager for Watch And Wager, spoke about the current successful meet at Cal Expo and the promising future for Cal Expo horsepeople.

Cawkewell talks about webis in podcast dated march 18 2024 ..

https://www.youtube.com/watch?v=XZe9phFC05o

starts at 33 mins

he reckons losses coming to an end and has terrific opportunity. He extols the virtue of monarch agreement and the exposure to the big race courses. Says webis has a tremendous range of contacts built up over time. Thinks webis could be a huge beneficiary of the drive towards legalised sports betting in the US.

Simon cawkewell on webis 1st march 2024...

https://masterinvestor.co.uk/evil-diaries/evil-diaries-online-betting-and-the-web-of-influence/

Webis (WEB) controlled in voting terms by the chairman and whose father, Sir James Mellon, was on the board but died perhaps six months ago, reported a few days ago. These figures are pretty bleak but, intriguingly, Denham Eke, now de facto non-executive head honcho, remarked en passant that WEB expects an approach from somebody to get a toehold in American horserace betting. That seems quite reasonable to me. WEB is tiny – capitalised at about £5m which is just a few chocolate cakes from Tesco. Therefore punters are advised to sit tight although, obviously, not to bet when tight. Toe-dipping at 1.2p seems perfectly sensible.

Taser - re the £75 million valuation for the licences.

the recent attempts at passing Prop 26 and 27 in california for sports betting didn't get anywhere and it is probably not likely any time soon - even then, they would only legalise in person, so online would be many months later - talk is of 2026 to 2028 before you see this.

Prop 27 proposed a $100 million initial license application fee for sports betting.

The proposal also required license applicants to be authorized to operate in 10 other legal betting states.

..

webis is one of only a few players already in california, who are already in compliance and would therefore not have to pony up $100 million - that fee that was proposed is one hell of a block to new start ups... it is cheaper to take over webis and obtain the licences.

https://www.forbes.com/betting/legal/is-sports-betting-legal-in-california/

you will note in the link below, that webis - watch and wager is one of only nine players in the licensed horse race betting...

https://www.bettingusa.com/states/ca/horse-racing/

California law requires all operators to apply for licenses from the CHRB. This process includes obtaining a $500,000 surety bond, undergoing a background investigation, and securing agreements with local horse racing associations.

Additional regulations require California horse racing betting sites to document all financial transactions with their customers, submit to on-demand audits, process withdrawals within five business days, and much more.

The demanding licensing process establishes a high level of security for all authorized ADWs, but a few stand out from the rest in terms of overall quality and reputation. BettingUSA recommends the operators above because they have the most experience, handicapping tools, and promos.

Term Markets

Utilities may be unwilling to pay triple-digit prices in the spot market but when it comes to securing medium term supply, from sources other than Russia, they are indeed willing.

Ongoing uncertainty over Russian imports only steels their resolve.

TradeTech’s term price indicators remain at US$100/lb (mid-term) and US$75/lb (long).

Https://fnarena.com/index.php/2024/03/19/uranium-week-buyers-strike/

Weekly Reports | Mar 19 2024

The spot uranium price fell sharply last week as sellers became more agitated.

-Uranium spot price falls -US$7/lb

-Kazatomprom warns of lack of inventory

-Still no news on Russian uranium sanctions

The recent price fall is attributed to two main factors, TradeTech notes, and they are both related to the psychological impact of triple digits.

When the spot price crossed the US$100/lb mark, utilities, who are not major spot market participants at the best of times, declined to buy at such prices. Speculative entities, now holding vast amounts of physical material, saw triple digits as a good place to take profits, having spent years amassing their inventories.

But even as prices fell back into the nineties, and speculative volumes were cleared, utilities showed little interest, and sellers, mostly intermediaries, became frustrated and started lowering prices. Five transactions were reported last week at prices between US$90 and US$84/lb.

Https://www.jadestone-energy.com/wp-content/uploads/2024/03/Monthly-Video-Akatara-February-2024_with_music.mp4

In the malcy interview paul talked of some assets - ie stag/montara being around $60 ops cost, with other assets nearer $20

Https://www.youtube.com/watch?v=O6zF0IrpsGw

Posted an hour ago

I wasn't expecting much - seeing as market sensitive info, has to be rns'd

Pogues post on other site...

As soon as the information got out on the reverse takeovers the rules are that the company must suspend the share price. Simple as that I am afraid.

They are still running the numbers on the idea of bidding it should be noted there is no guarantee they will bid. The leak was very early in the process.

The damage to Montara was done during the conversion in Singapore. Looks like a scaffold pole was dropped down the hatch and damaged the tank wall which was never found by any inspection since. Should be fixed end Sept maybe earlier maybe end off year. Clearly not wanting to commit for fear of being held to it.

One of the tanks is coming back online tomorrow, no RNS, this will mean the tanker will be able to take a bigger load each time.

Could not get any line in when the bidding process will finish i got the impression they did not know either.

The sale date will be backdated so some production will be included. I asked if that was August but was told that there will be a date.

Aktara is being commissioned right now expected first gas Q2.

I strongly suggested more shareholder interaction and that was already being planned. Online and face to face I suggested a pub night for shareholders and it was not rejected. Thank me later.

Fund raise to fund purchase is unlikely to be by dilution it is something they have been advised not to consider or want to by the sound of it.

Yep, on average they have kept to a rate of about £3m paid off every six months. - so we should be at about £1.1 million at end feb.

You may have noticed in one of the comments on the linkedin article in my post 101..the following...

Alex Schellenberg

Business Development Manager

23h

All the best for the test Star Energy, we are sure our harsh environment RG´s downhole memory gauges will provide you with the high quality data you are looking for.

comment ends

schlumberger have this to say about memory gauges..

Memory gauges are generally used to measure bottomhole pressures and temperatures in response to various production rates in tests to assess well productivity and reservoir performance.

....

must be successful if they are using a gauge to assess productivity and performance

These guys say testing is beginning on ernestinovo well

htTps://www.linkedin.com/posts/starenergygroupplc_workover-rig-onsite-in-croatia-at-our-ernestinovo-activity-7170793539331690496-ZJ9N

Posted 18 hours ago, as of time of posting here

HTtps://fnarena.com/index.php/2024/03/05/uranium-week-spot-price-eases-further/#:~:text=Industry%20consultant%20TradeTech's%20weekly%20price,above%20the%202023%20average%20price.

After a very volatile February for uranium spot prices, triggered by the price rise to over US$100/lb, the month ended with further easing from that mark. Industry consultant TradeTech’s weekly price indicator fell -US$1.50 to US$93.50/lb.

That’s down from US$100.50/lb at end-January, but the indicator is nevertheless up 87% year on year and 55% above the 2023 average price.

TradeTech notes much of the selling has come from financial entities, that first kicked off the uranium rally a few years ago, trimming positions and booking what would be considerable profits at prices over US$100/lb.

Https://twitter.com/quakes99/status/1764433815274234139?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Breaking News!💥📰 US Enriched #Uranium #Nuclear Fuel Makers Get $2.7 Billion Boost in Funding Bill Unveiled Today💰📜⚛️⛏️🇺🇸 part of a broader Biden admin plan to buy Uranium direct from US producers🛒 as Senate may join the house in passing legislation to bar imports from Russia.🇷🇺🚢⛔️🇺🇸 Congress seeks to pass the underlying funding bill this week to prevent a partial government shutdown.🧑‍⚖️🤠🐂

https://bnnbloomberg.ca/us-reactor-fuel-makers-get-2-7-billion-boost-in-funding-bill-1.2042075

Yep - debt free by june, as last of RBL facility matures, O and G assets worth multiples of current sp and producing at least 2000 bopd.

Buyers returning - price inching up - do we have news and has our seller finally exhausted