Star Energy Share Discussion Threads

[kibes] 15/10/2023 08:00

I don't know how much it costs to develop a geothermal project but I bet it is not cheap. And STAR are not telling us. It is not very profitable either, the rate of return expected is only in the teens which nobody in the oil industry would even get out of bed for. They may get a decent price from sale of their current oil and gas assets but the money will just be blown away. The company needs new management to stop this nonsense or better still a takeover.

[sea7] 12/10/2023 10:36

Thanks SI199,

I am of the same view, it is so undervalued - and the reason for that is that o and g investors are not interested, because of their stated plan to be full green geo thermal and green investors aren't going into it, because of the o and g assets.

the fact that they state that they are shutting in non economic wells, rehabilitating land, relinquishing land that they were holding and making the o and g portfolio as attractive as possible, means they are getting ready to sell it all.

once the o and g is sold, the company will attract the green investors, who will buy up the stock that is being sold by the remaining o and g investors that still hold.

the balance sheet tells you, that the o and g assets are worth multiples of the current price - so, those guys are most likely going to be right.

[stockinvestor199] 12/10/2023 09:23

I overheard a conversation in a restaurant in London - I'd never heard of the company but these two guys seemed to know Ross Glover and were talking about the massive return they were going to make when the oil and gas part gets sold so I've been doing some research. Seems to be so undervalued it barely makes sense haha

[sea7] 10/10/2023 15:06

you have any evidence or is it just hearsay at the moment?

[stockinvestor199] 10/10/2023 11:18

Apparently there are ongoing talks for a high 8/low 9 figure sale of the O&G business which would be a hefty payday for shareholders at the current valuation.

[wong77] 08/10/2023 20:12

The Stars are out, but not shining brightly . The catchphrase is always in the picture. New broom sweep clean 🇨🇳

[bri15] 26/9/2023 15:23

This is going to fly,buys coming in now and hopefully a bid on way for our oil and gas business,big,big rise soon!

[philgyuk] 23/9/2023 18:29

A reasonable presentation IMHO.

Good progress on oil and gas side - helping to pay off debt.

Geothermal sounds potentially good but in its infancy (lots of use of the words "projects" and "potential") but not generating any cash at the moment, as far as I could tell - happy to be proved wrong.

Major shareholder selling explains the current share price. Hope they can find a replacement major investor who likes their plans!

Otherwise, I guess it's a case of 'watch this space' to see if they can pull it off.....

[sev22] 22/9/2023 07:45

Link to yesterday's Investor Meet Company presentation:

[sev22] 22/9/2023 07:43

Link to yesterday's Investor Meet Company presentation:

[ashkv] 21/9/2023 12:35

At a share price of 9p and GBPUSD 1.23 STAR/IGAS Enterprise Value (Market Cap + Debt - Cash) is USD 17.5 million for a firm that generates USD 15 million of Free Cash Flow... go figure....

[ashkv] 21/9/2023 12:32

From the presentation Q&A:

POSITIVES -
STAR/IGAS actively paying down debt as RBL refresh will be too interest rate punitive..

The major shareholder supports the Geothermal strategy along with all the other key shareholders management interacted with recently with the exception of the firm selling down...

With $90 Brent generate at least $15 million of free cash flow...

NEGATIVES -
Croatia project is a 3.5-4 year possibly 5 year project.... with 30% IRR supposedly and debt readily available to finance the same post FID which should be late next year.

Sandgrove Capital management support the Geothermal strategy but it is not in line with their fund criterion so they will sell down to ZERO holding. Hopefully happens soon as until than share price will be under stress!!! Sandgrove invested in STAR / IGAS based on Shale Gas and it is not happening so selling out....

[jack007] 21/9/2023 10:13

Watching the webinar. Not very inspiring lol. Very unprofessional. I'm out!

[bri15] 19/9/2023 17:57

Thanks BOD as you have done a wonderful job of decimating the share price

[bri15] 19/9/2023 17:56

I sold out today,:⁠-̼8;(

[ashkv] 18/9/2023 10:42

STAR Share Price: 9.15p
Brent: $94.25
STAR Current Share Price vs 52 Week low of 9.15p on 13 Sep 23: 0.00%
STAR Current Share Price vs 52 Week High of 101p on 30 Aug 22: -90.94%
Total Voting Rights: 128,092,404
Market Cap GBP: £11,720,455
GBPUSD: 1.24
Market Cap USD: $14,533,364
Net Debt-GBP (31 July 23): £2,700,000
Net Debt-USD (31 July 23): $3,348,000
Enterprise Value (USD): $17,881,364
STAR Actual Production Average Up to 30 June 23/Half Year 23 (Boe/d) 2,071
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) $8,634
EV/BARREL-USD FY 2023 Guidance: $8,941
Decommissioning Provision HY 2023 Results (GBP): £63,991,000
Decommissioning Provision HY 2023 Results (USD): $79,348,840
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $48,615
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.05

[ashkv] 17/9/2023 15:25

STAR Share Price: 9.50p
Brent: $94.00
STAR Current Share Price vs 52 Week low of 9.15p on 13 Sep 23: 3.83%
STAR Current Share Price vs 52 Week High of 101p on 30 Aug 22: -90.59%
Total Voting Rights: 128,092,404
Market Cap GBP: £12,168,778
GBPUSD: 1.24
Market Cap USD: $15,089,285
Net Debt-GBP (31 July 23): £2,700,000
Net Debt-USD (31 July 23): $3,348,000
Enterprise Value (USD): $18,437,285
STAR Actual Production Average Up to 30 June 23/Half Year 23 (Boe/d) 2,071
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) $8,903
EV/BARREL-USD FY 2023 Guidance: $9,219
Decommissioning Provision HY 2023 Results (GBP): £63,991,000
Decommissioning Provision HY 2023 Results (USD): $79,348,840
EV/BARREL-USD FY 2023 Guidance with Decommissioning: $48,893
IGAS 2P Reserves Year End 2022 Boe ( 17,040,000
EV/2P $1.08

[ashkv] 14/9/2023 12:28

Presentation at 10:00AM 21st September on Investor Meet Company Web Platform

[jack007] 14/9/2023 11:37

Anaybody watched the presentation?

[ashkv] 13/9/2023 18:33

Have to suspect that perhaps kickbacks are part and parcel for STAR management on these pointless value destroying acquisitions... insanity!!!