Member Info for SEA7

Yep - over 900k now just seen a 75k share buy at 8p

Https://www.voxmarkets.co.uk/articles/canaccord-genuity-lowers-target-price-on-star-energy-fbdcc5a/

Volume over 800k today - and nearly 20 times the volume, all day on friday

Over the past year, Canaccord said Star has turned around "a declining UK production profile" for the first time in many years, through a combination of greater focus on incremental low-cost enhancements to well performance and significantly improved surface facilities efficiencies and uptime.

"That has clearly borne fruit over the past 12+ months, and we think there is plenty of scope to maintain that elevated performance at least over the next few years. That is important because while the company sees longer-term growth through its geothermal businesses, it is the UK conventional hydrocarbons that provide the backbone of cashflow in the nearer-term," said Canaccord.

The Canadian bank thinks the progress made by Star in the UK and in Croatia was "substantial", and certainly not reflected in its recent market performance.

Cannacord have a 65p target price on star energy as of December 2023

The only reason this stock is in the doldrums, is because sandgrove were selling into it, as they don't want exposure to geothermal

they are about done, if not already

$810 million dollars - not sterling - my mistake

Multiplying the volume (1 trillion cubic feet) by the current market price per unit would give an approximate value. For instance, if the current market price is $3 per thousand cubic feet (Mcf), then the value of 1 trillion cubic feet of natural gas would be approximately $3 million.

using the above, then 270tcf would be £810 million

Company balance sheet shows...

£143 million total assets

£84 million total liabilities

net asset value of star energy as at last accounts was £59.3 million - 6 times the current cap.

270 Tcf

When star was igas...

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/102822-igas-slams-return-of-uk-shale-gas-fracking-moratorium

IGas said it had "a significant recoverable gas resource in the Gainsborough Trough," with an estimated 630 Bcf of gas per square mile, which would equate to 270 Tcf if applied to the company's entire acreage in the East Midlands, meeting up to 19 years of the UK's gas demand at expected recovery rates.

The operation is likely to continue for approximately one month, with results expected by late January 2024, on schedule with the planned work programme.

Commenting, CEO Chris Hopkinson, said:

"We are excited to begin the well re-entry on Ernestinovo-3. The speed with which we have constructed a well pad and commenced this operation demonstrates both the expertise of our local partners and the efficiency of the Croatian regulators. The Ernestinovo licence has excellent data from three deep exploration wells drilled in the 1980s and would suggest high temperatures and flow rates are achievable from this well

Geothermal developer CeraPhi Energy has acquired former fracking company Third Energy, including gas assets located in North Yorkshire, UK.

https://www.thinkgeoenergy.com/ceraphi-energy-acquires-former-shale-gas-company-third-energy/

Yep, certainly is - mcap of £10.3 million and for this you get...

ring fenced tax losses of £259 million

1P NPV10 of $143 million(2021: $144 million)

2P NPV10 of $235 million (2021: $215 million)

cash at 30th November was £2.9 million

net debt at 30th November was £2.6 million

and production of just over 2,000 boepd.

This company will have paid off the last of its RBL facility in june of this year. It will debt free for the first time in many years.

Whilst we are all despondent at the current derisory share price, it is worth noting that, the Uk markets currently show 152 stocks at 52 week lows, whereas this time last year there were 4 stocks at 52 week lows this time last year the FT100 was about to put in an all time high on 16th Feb.

https://uk.investing.com/equities/52-week-low

John quakes on twitter talking of flywheel effect in reverse - hence prices dropped off

There is nothing much here that we do not know already, the production for last year was 13,813 b/d and given Montara a very creditable achievement. Guidance is a very conservative 20,000-23,000 which I. alluded to in my last piece, it should be a breeze to get through.

Going forward, Akatara is a ☑️ as is CWLH ☑️ and of course the recent news from Vietnam ☑️ and the PSC in Malaysia could even be a ☑️☑️. Right now the time has come for the management to get on with all the good things they have talked about recently and deliver the goods. So far the share price has not taken all our optimism at face value yet but with delivery I’m sure it will…

Quakes take on acid shortage..

https://twitter.com/quakes99/status/1751779902393823399?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

One thing we can definitely all agree on I think is that the February 1st $KAP Financial results and 2024/2025 production guidance are likely to set off fireworks.

Https://twitter.com/quakes99/status/1750881570297356666

Kazatomprom big miss on production