Star Energy Share Discussion Threads

[bri15] 22/8/2023 15:23

Massive upside here.

[sea7] 22/8/2023 10:48

Dated 15th August 2023..

excerpts..

Star Energy selling two potential drilling sites in Cheshire

Land Registry documents seen by DrillOrDrop show the plots were bought by Star Energy subsidiaries from Grahams Estates Limited more than seven years ago.

Both are now being sold by Rostons estates agents as agricultural land at more than £10,000-£12,000 per acre. If both reach the maximum price, Star Energy Group would expect to receive about half a million pounds.

There is no publicly-available relinquishment report for PEDL190. DrillOrDrop asked Star Energy to confirm whether it had relinquished or surrendered the licence but the company did not respond. We’ll update this article if the company does reply.

Star Energy’s most recent accounts, for 2022, released on 30 March 2023, included PEDL190 as an asset. The group was the licence operator and held a 50% interest, along with Ineos. More recent statements from the company have not referred to PEDL190.

[sea7] 15/8/2023 08:25

they have announced that they will transition out of the o and g business and fully focus on their green thermal business. They are in the process of making those assets as attractive as possible by closing off and rehabilitating the most uneconomic wells.

that is why the new name is star energy, as it bears no reference to fossil fuels, as was the case of the former name, IGAS.

[bsg] 15/8/2023 08:18

Why sell it now, use the cash to get established in their new guise. Then sell it if successful or revert back to o & g if it all goes pear shaped.

[sea7] 14/8/2023 15:56

and as star do plan to get out of o and g, the oil assets will be for sale, if not already, a bid could come in any time for them

[theblackbaron] 14/8/2023 15:12

SOS - onerio energy very interesting holding waiting to add once back don’t pop in much seems like school hols on this thread atm 🤣 star going to be exciting patience needed but nearly debt free and oil push by end of year will see it at last moving.

[ashkv] 10/8/2023 15:17

REPOST - hopefully we have normal folk back here :)

sea79 Aug '23 - 14:46 - 63 of 83
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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.

[ashkv] 10/8/2023 15:07

If STAR/IGAS divests oil and gas assets similar to the Egdon sale - than STAR/IGAS hydrocarbon assets would be worth 35-40p a share!!! Not to overlook the tax losses!!!

STAR Share Price: 10.72p
Brent: $87.00
STAR Current Share Price vs 52 Week low of 10.72p on 10 Aug 23: 0.00%
STAR Current Share Price vs 52 Week High of 101p on 30 Aug 22: -89.39%
Total Voting Rights: 127,854,714
Market Cap GBP: £13,706,025
GBPUSD: 1.275
Market Cap USD: $17,475,182
Net Debt-GBP (31 July 23): £2,700,000
Net Debt-USD (31 July 23): $3,442,500
Enterprise Value (USD): $20,917,682
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) $10,057
EV/BARREL-USD FY 2023 Guidance: $10,459
Decommissioning Provision FY 2022 Results (GBP): £62,825,000
Decommissioning Provision FY 2022 Results (USD): $80,101,875
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $50,510
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.23

[ashkv] 10/8/2023 14:40

If STAR/IGAS divests oil and gas assets similar to the Egdon sale - than STAR/IGAS hydrocarbon assets would be worth 35-40p a share!!! Not to overlook the tax losses!!!

STAR Share Price: 10.72p
Brent: $87.00
STAR Current Share Price vs 52 Week low of 10.72p on 10 Aug 23: 0.00%
STAR Current Share Price vs 52 Week High of 101p on 30 Aug 22: -89.39%
Total Voting Rights: 127,854,714
Market Cap GBP: £13,706,025
GBPUSD: 1.275
Market Cap USD: $17,475,182
Net Debt-GBP (31 July 23): £2,700,000
Net Debt-USD (31 July 23): $3,442,500
Enterprise Value (USD): $20,917,682
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) $10,057
EV/BARREL-USD FY 2023 Guidance: $10,459
Decommissioning Provision FY 2022 Results (GBP): £62,825,000
Decommissioning Provision FY 2022 Results (USD): $80,101,875
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $50,510
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.23

[ashkv] 10/8/2023 14:34

I had an inkling that market will likely take this low volume share below 10p - will add further than... Keeping my initial position for the present!!!

[ashkv] 10/8/2023 12:41

This is the second page I have initiated - and as I don't avail of this info on ADVFN chats that I follow/I was not aware that incorporating the same would be valued. I have followed up and actioned your request!!!

Thanks for being polite and courteous - happy to respond to sane folk unlike the low life scum that lurk...

gonuts19 Aug '23 - 19:44 - 74 of 76
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Can the guy who did the thread at least put a chart and add the other function, including news?

[gonuts1] 09/8/2023 19:44

Can the guy who did the thread at least put a chart and add the other function, including news?

[finders keepers] 09/8/2023 19:29

Crude is rallying; we could be back to $90 a barrel. It's 1.6% up.

Soon we will be raking 2250 X 90 per day, $202K per day.

I wonder if they kept production low because of RBL hedging (having to hedge half); now they are unleashing the pressure.


If crude exceeds $100 and higher, they should hedge half again, even if it's no longer required.

[sea7] 09/8/2023 16:10

yep - they flip flop all over the place

[gonuts1] 09/8/2023 15:57

Funny last year, these idiots were blabbering about fracking.

Don't they know it's pointless following the useless idiots in our govt? The purpose is to make money.


The useless tools keep changing policies, and that's why the UK is a banana republic, there are no pension funds investing in the UK now,

[sea7] 09/8/2023 15:43

yep great progress and will be stacking cash at this rate

[gonuts1] 09/8/2023 15:42

60,000 barrels per month at $85, say half is hedged lower.

We are talking about nearly $4.8m, circa £4m.

[gonuts1] 09/8/2023 15:35

"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."

I think if they are ramping up to 2250 barrels. That's a lot of money.

[ashkv] 09/8/2023 15:29

Insanity - Star Energy net debt down by 1p per share - and production but share price seeking to goal seek new 52 week lows. INSANITY!!