Star Energy Share Discussion Threads

[bri15] 09/8/2023 15:10

Well we nearly in the red for the day, there's little point in investing in good profit making companies, market is a disgrace,two bit SPAC's flying and the likes of STAR on its knees,I seriously thinking of getting out of the Markets and putting all my money in a ISA savings account,at least I won't lose.

[sea7] 09/8/2023 14:46

malcy today

Star is going to be an interesting case in coming years as they transition from an oil & gas company to a geothermal one. Having increased expenditure to concentrate on maxing out production from its existing portfolio, production rose by just over 11% on 2022 1H as the run-off of the estate continues.

From now on it is going to be a really interesting play, as the statement says the Government white paper calls for joint working on the industry and to ‘move quickly’ to unlock its potential. Star have been an early mover here so I imagine that they will be able to be leaders in the sector in the public sector especially as they have been investing time, money and human resources in it.

If not, killing the fatted calf may prove to be a fateful decision, investors will have to decide whether to wait around for the results, something that may take a very long time. The shares are down some 90% since the high earlier this year so it looks like investors would rather watch from the outside.

[sea7] 09/8/2023 14:23

those that bought egdon say this...

HEYCO Group believes that fossil fuels remain critical for the UK's future and that Egdon is strategically positioned for that future with its conventional projects as well as with opportunities for gas storage, hydrogen, geothermal, and renewable generation.

and

HEYCO Group was part of the group that commenced production at the Avington field in southern England in 2007 and is the parent company of a current UK licence holder.

ends..

star energy is the operator in the avington field.

there are a lot of similarities between HEYCO and star - which lend to the view that they could be a potential buyer for all of stars o and g assets

[sea7] 09/8/2023 13:58

these set ups don't show up to often and you can be assured, now that they have confirmed in an rns they want out of the o and g game, they will be aiming to do it sooner rather than later.

[sea7] 09/8/2023 13:57

they will spend it on the geo thermal that is their plan - you will get a full shareholder rotation as well - those of us who are in for the o and g assets will be out and those wanting green only investments will be buying in

[bsg] 09/8/2023 13:56

I imagine they'll spend all the money made by their oil and gas on pie in the sky thermal energy projects.

[sea7] 09/8/2023 13:45

we could be looking at one hell of a value disconnect here - the sale price of the O and G is likely to be way higher than the current cap

[sea7] 09/8/2023 13:45

and we know they are definitely going to sell the O and G business...

from todays update..

Whilst we are focused on delivering further value from our existing oil and gas assets, our desire over time is to transition out of our oil and gas business

[sea7] 09/8/2023 13:43

@45p a share it only values star at £54.45 million and that would look cheap compared to egdons deal

[sea7] 09/8/2023 13:36

well egdon were just bought out at 4.5p a share, giving a value of £26.64m to the company.

Egdon interims stated...Production guidance for the full financial year 2022-23 is increased to 240-250 boepd from 225-245 boepd.

revenue was £6.9 million at last full year accounts

star energy...Production has remained strong averaging 2,080 boepd for the period, compared to 1,865 in the first half of 2022. This is fantastic progress with maximum uptime from our wells which resulted in production during the latter part of July consistently above 2,250 boepd.

mcap of star £14.7m full year revenue £59.2 million

star is nine times the size of egdon in terms of revenue and boepd

[stark industries] 09/8/2023 13:19

What would be a realistic valuation based on it's O & G operation ?
Thanks to anyone that can answer it.

[ashkv] 09/8/2023 12:28

EV/2P for STAR/IGAS is ridiculously low!!

STAR Share Price: 12
Brent: $87.00
STAR Current Share Price vs 52 Week low of 11.02p on 12 July 23: 8.89%
STAR Current Share Price vs 52 Week High of 101p on 30 Aug 22: -88.12%
Total Voting Rights: 127,854,714
Market Cap GBP: £15,342,566
GBPUSD: 1.27
Market Cap USD: $19,485,058
Net Debt-GBP (31 July 23): £2,700,000
Net Debt-USD (31 July 23): $3,429,000
Enterprise Value (USD): $22,914,058
STAR Actual Production Average Up to 30 June 23/Half Year 23 (Boe/d) 2,080
STAR Production Guidance (Boe/d) 2,000
STAR/IGAS Actual Average Production 2022: 1,898
EV/BARREL- Actual Avg Production Up to 30 June 23/HY 23 (Boe/d) $11,016
EV/BARREL-USD FY 2023 Guidance: $11,457
Decommissioning Provision FY 2022 Results (GBP): £62,825,000
Decommissioning Provision FY 2022 Results (USD): $79,787,750
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $51,351
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.34

[bri15] 09/8/2023 12:28

Pxen,Eog and Star,3 companies which are so undervalued it's criminal.

[sea7] 09/8/2023 11:28

yep punters won't touch things at a low, but will chase things higher

[shakesmaster] 09/8/2023 11:13

Crude is rising, too; soon, it will be $90+.

Two hundred barrels extra per day is adding $17000 per day; that's an extra $500K per month; add the gas part and rising therm.

It's a big strange punter chasing at 80p, and not at 12p, they do not buy. The intention was to deter buyers

[sea7] 09/8/2023 09:38

yep - which would mean 33% of the current cap covered by cash

[gonuts1] 09/8/2023 09:35

At this rate, their cash could be 4.5m+ and debt free by the end of the year.

[gonuts1] 09/8/2023 09:23

Net debt is going down another 1.3m by the end of September, and I suspect cash will go up too.

Remember, both Crude and Natural gas are going up, for autumn and winter.

Russia cut another 300K and Saudi Arabia extended their 1m barrels cut.

[gonuts1] 09/8/2023 09:13

This will value out. They can smash a few more pence, but they will be flooded with buys and they won't be able to cover.

[bad gateway] 09/8/2023 08:58

Same on advfn, can't check previous newsflow which is a shame as progress is ongoing imo.

"As at 31 May 2023, cash balances were GBP1.6 million and net debt was GBP4.0 million"

"As at 31 July 2023, cash balances were GBP2.7 million and net debt was GBP2.7 million."

[sea7] 09/8/2023 08:50

Yep and the fact that on lse site, they removed all reference to the IGAS rns's, chat board and charts, which means when someone looks at star energy -they get the recent stuff, but before that it shows starcom

star energy is largely under the radar now and as their website focuses on the transition to geothermal rather than the o and g

[gonuts1] 09/8/2023 08:43

Production is more than 11%, crude is up, and punters are choosing false dawn, not this one.

I suspect the stupid name change caused the damage, and people do not know about this alleged "Star".

You know they smashed it down, killing the ones who got spiked

[kibes] 09/8/2023 08:13

Geothermal energy is a lot of BS greenie nonsense. STAR are going headfirst into a bear trap in my opinion. If they are selling the oil and gas assets shareholders need to take the money away from them before they blow it all away.