Star Energy Share Discussion Threads

[ashkv] 13/9/2023 18:00

Garbage Employee - WHAT THE HECK IS THE CONTRIBUTION???SHARE HOLDER DESTRUCTION!!!

Ann-marie Wilkinson

CHIEF OF STAFF

Appointed in 2013, Ann-marie is a communications and investor relations professional with over 25 years’ experience in providing advice on both external and internal communications strategies.

Ann-marie has advised many energy sector companies as a financial public relations and corporate relations consultant having previously worked at M Communications, Bell Pottinger and Beattie Media. She also worked as a PRO at Smith New Court having joined from the Corporate Finance department at Touche Ross.

[ashkv] 13/9/2023 17:58

At 9.15p Star Energy/IGAS market cap is GBP 11.7 million and rather than buying back 10% of shares - they paid for this useless money sucking Croatian garbage!!!

On top of that some outlay that I don't understand, didn't invest in, didn't vote for and top of that salaries for the useless Croatian staff!!!

GET THIS IDIOT CEO AND BOARD OUT!!!

HOPEUFLLY A PREDATOR COMES IN QUICK!!! THIS MANAGEMENT NEED TO BE DEPOSED!!!

ABDICATED FIDUCIARY RESPONSIBILITY FOR SHARE HOLDER ARE APPARENTLY SELF DEALING / SELF ENRICHING VALUE DESTROYERS!!!

[ashkv] 13/9/2023 17:55

GTEC CARRY PLUS SALARIES FOR THESE CROATIAN ACADEMICS - AS THEY WILL NEVER MAKE MONEY..

BLOOD BOILS!!!

Croatian Acquisition
• Acquired a 51% interest in A14 Energy that
owns, via its Croatian subsidiary,
IGeoPen d.o.o. (IGeoPen) for €1.3 million
• Interest acquired by GT Energy Croatia
Limited (GTEC)
• IGeoPen owns a highly prospective
Ernestinovo licence
• In addition, bids have been submitted,
through IGeoPen, for three further highly
prospective licence areas
• GTEC carry of €13.2 million over the five-year
exploration licence period. The carry is
repayable from free cash flow generated from
the licences
• A14 team includes highly regarded geothermal
and geological experts with a recognised track
record in the Croatian energy sector

[xxx] 13/9/2023 12:12

I am surprised at the delays in agreeing Stoke funding, either the company has competence issues or the govt department has.
Similarly the gas to electricity project...

[bones698] 13/9/2023 07:23

Not a great set of results tbh given reasonably high oil prices . They need to get the acquisition online asap and that seems to be taking its time. Can actually see this drop further on those results tbh

[kibes] 08/9/2023 08:32

sea7 - yes the company is grossly undervalued. However, it is planning to sell its core business of oil and gas production and blow the money away on daft geothermal projects which will eat all the cash. That is why.

[theblackbaron] 06/9/2023 18:36

Because the wallies rebranded the name value will come through

[barony] 04/9/2023 10:56

Why is there a £5.65M mkt cap on the rns and £43.95M on this page?

[kibes] 29/8/2023 16:38

Completely daft acquisition of geothermal baloney in Croatia which will do nothing except drain shareholders pockets. This is heading back to 8p I would say before finally imploding when the oil and gas assets are sold - and the money won't be given back to shareholders. Have shareholders ever been given the opportunity to vote on this complete change of direction?

[bsg] 29/8/2023 14:33

"special dividend" LOL they'll invest (fritter it away) on geo-thermal guff.

[jack jebb] 25/8/2023 04:34

wow, 20 years ago.

Several hairs and kilos ago.

[beeks of arabia] 24/8/2023 15:52

Hope life treating you all well.

Would love to head back to the days at the start of this thread, life very much less complicated back then!

[beeks of arabia] 24/8/2023 15:52

I always wondered if he left the bath for his "Rubys" or just ate them in there?

[scuba doo] 24/8/2023 15:29

LOL!

Well noted, Pinkie.

I wonder what ever happened to Clerman - he was a strange one but I couldn't help but like him.

[beeks of arabia] 24/8/2023 15:25

LoL!

In the next 7324 days we'll also need to pick up on that LUFC barb you made 17 years ago!

I'm still not ok with it, to be honest.

[jack jebb] 24/8/2023 01:09

time flies eh? It was only 7325 days ago when we heard all about the legend that is Shane Ritchie.

[beeks of arabia] 23/8/2023 15:58

For reference, this is the 7326th day of the STAR thread.VbrsClerman

[ashkv] 23/8/2023 12:37

New 52 Week low today of 10.09p. Even with Decommissioning costs (very long term) included Star Energy is trading at only 1.5X revenue.

On Enterprise Value (Market Cap + Debt - Cash) vs Projected 2023 Sales Star Energy is trading at 1/3rd of projected 2023 revenue at 2000 Boe/d and an Average Brent price of $85

EV/2P Barrel is a ridiculously low ball USD 1.16 per 2P Barrel!!!

Crazy low valuation...

STAR Share Price: 10.09p
Brent: $83.00
STAR Current Share Price vs 52 Week low of 10.09p on 23 Aug 23: 0.00%
STAR Current Share Price vs 52 Week High of 101p on 30 Aug 22: -90.01%
Total Voting Rights: 127,854,714
Market Cap GBP: £12,900,541
GBPUSD: 1.265
Market Cap USD: $16,319,184
Net Debt-GBP (31 July 23): £2,700,000
Net Debt-USD (31 July 23): $3,415,500
Enterprise Value (USD): $19,734,684
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) $9,488
EV/BARREL-USD FY 2023 Guidance: $9,867
Decommissioning Provision FY 2022 Results (GBP): £62,825,000
Decommissioning Provision FY 2022 Results (USD): $79,473,625
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $49,604
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.16