focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Broker tips: Bunzl, Star Energy
https://www.sharecast.com/news/broker-recommendations-/broker-tips--15634788.html
This is what they had to say....
"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."
Accumulation on-going around 8p mark.
Bullish.
Https://uk.investing.com/news/economy/uk-to-impose-carbon-tax-on-imported-raw-materials-from-2027-3274451#:~:text=The%20UK%20government%20has%20announced,issue%20of%20%E2%80%9Ccarbon%20leakage.%E2%80%9D
The UK government has announced plans to introduce a new carbon tax on imported raw materials such as steel and cement from 2027. This move, aimed at supporting domestic producers and reducing emissions, is part of the UK’s broader strategy to address the issue of “carbon leakage.”
Energy security and energy independence is what the UK needs as geopolitical tensions flare-up.
Net Debt Reduction since 2022;
H2 2022 = £6.1 million
H1 2023 = £4.0 million
H2 2023 = £2.6 million
Debt coming down every trading update !!
Net production average;
H1 2022 = 1,865 boepd
H1 2023 = 2,071 boepd
H2 2023 = expected circa 2,090 boepd
Yielding increased flow every trading update
Uptime across the portfolio has remained strong with good results from workovers at Singleton and a rolling programme of well optimisation and stimulation that has yielded additional production equal to c. 50 boepd over this year.
Cash;
H2 2022 = £3.1 million
H2 2023 = £2.9 million
Oh and Geothermal drill updates over Christmas / New Year ! Workover rig mobilised in Croatia licence.
Bring on the re-rate! BULLISH
Https://oilprice.com/Latest-Energy-News/World-News/Turkey-Makes-Huge-1-Billion-Barrel-Oil-Discovery.html
Now Aladdin Middle East have the correct equipment can we get some recognised discovery news !
Https://media.giphy.com/media/JPAUQVIxCoEKY/giphy.gif
nice frankfurt
Rig mobilised to Ernestinovo Licence in Croatia for well re-entry and testing geothermal potential.
https://x.com/Starenergygroup/status/1734497836178321758
The case for geothermal;
China has long led the way in geothermal heating and cooling and will likely continue to do so, but there are hundreds of geothermal heating and cooling projects being developed in parallel and at different levels of scale all over Europe, North America, and South America. Standalone geothermal cooling has also started to catch attention, particularly with the new G2COOL project in Masdar City in UAE – another of the big announcements coming out of COP28.
Taking both into consideration, the geothermal sector has its own “triple up” goals of 48 GWe of capacity for the power sector and 520 GWt of capacity for the heating and cooling sector, as wonderfully summarized by the IGA.
https://www.thinkgeoenergy.com/the-cop28-pledge-to-triple-up-by-2030-and-implications-for-geothermal/