Star Energy Share Discussion Threads

[stark industries] 21/12/2023 17:48

45p sounds good...though i'm not one for oil and gas, but love the potential here.

[stark industries] 21/12/2023 17:47

WOW!!!
Now that is mouth watering sea7
Loads of catching up to do with the Low ball Mcap we are currently sat upon...
I'm taking 100k tomorrow, the rise has not even began...

[sea7] 21/12/2023 17:39

star has..1P NPV10 of $144 million(2021: $139 million): 2P NPV10 of $215 million (2021: $190 million)

balance sheet as at interims showed net assets of £59m against a mcap of £13m today.

[stark industries] 21/12/2023 17:37

Now in Break Out territory so will see a lot more interest here in the coming days imho.....So much to look forward to :))

[stark industries] 21/12/2023 17:35

UK Onshore Producer with solid stable production that is on a slow upward trajectory, Plentiful of 2P Reserves, Exciting award of Geothermal Contracts for NHS - launch of an exciting new business for the firm, And Massive Tax Losses that in addition to the undervaluation of existing business make Star Energy/IGAS a compelling takeover prospect!!!

ALSO

STAR ENERGY HAS £260 million of tax losses worth nearly £200 million cash to a producing company wanting to reduce windfall tax!!!

That's all on top of reduction in debt and moving towards Net profit and hopefully dividends, their upcoming Drill and licence to sell at premium price, their Gas and Oil assets and the Geo Thermal Net Zero project with the newly appointed Govt insider and a lot more...... makes this my STAR buy of 2024

[stark industries] 21/12/2023 17:29

UK Onshore Producer with solid stable production that is on a slow upward trajectory, Plentiful of 2P Reserves, Exciting award of Geothermal Contracts for NHS - launch of an exciting new business for the firm, And Massive Tax Losses that in addition to the undervaluation of existing business make Star Energy/IGAS a compelling takeover prospect!!!

ALSO

STAR ENERGY HAS £260 million of tax losses worth nearly £200 million cash to a producing company wanting to reduce windfall tax!!!

That's all on top of reduction in debt and moving towards Net profit and hopefully dividends, their upcoming Drill and licence to sell at premium price, their Gas and Oil assets and the Geo Thermal Net Zero project with the newly appointed Govt insider and a lot more...... makes this my STAR buy of 2024

[stark industries] 21/12/2023 17:26

Apologies Kubera.... hope you don't mind me sharing your insights :))
Hopefully we may see £1.00 again in 2024
Think this has turned and selling certainly has stopped ...Looking forward to the news coming in any day now as per the RNS
2024 certainly feels like the year for STAR

I'm buying in more tomorrow before it really explodes North as most folk are on their happy holidays :))

[sea7] 21/12/2023 17:24

When you think that companies like egdon resources which had just over 250 boepd was sold to petrichor for £26.6m in may of this year and europa oil and gas, which currently has production of 265 bopd, has a mcap of £11m and are both onshore Uk Producers, it just goes to show how undervalued STAR is

after all, STAR has eight times the production levels of the above two companies and yet has a mcap at the same level as europa and at the same level egdon was before it was sold - egdon surged 85% on news of the takeover.

45p is not an undemanding level for star to move back to.

[stark industries] 21/12/2023 17:22

If any of you look at IGAS which was the name that STAR originally had and take a look at the share graph
Then take into account the distressed seller(s)

The share price is only beginning it's move upwards.

With the latest valuation report from the brokers at 60p odd and the incoming news flow 50p min is not out of the question here imo.

The share price had exceeded past the £1.00 mark during the fracking news and the distressed seller(s) taking it to single digits - with the change of name from IGAS to STAR Energy and change of plan, this share has been truly battered down to shoddy levels.

The drill news and incoming newsflow incoming will make this share flavour of the month and hopefully 2024

Don't leave it too late as the share is off radar due to the name change

Good luck

[stark industries] 21/12/2023 17:21

News just 2 days ago and investors are latching on


Canaccord Genuity said Star's recent updates highlighted the progress made across its "diverse UK onshore oil and gas production base" and in the Croatian geothermal business.

Over the past year, Canaccord said Star has turned around "a declining UK production profile" for the first time in many years, through a combination of greater focus on incremental low-cost enhancements to well performance and significantly improved surface facilities efficiencies and uptime.
"That has clearly borne fruit over the past 12+ months, and we think there is plenty of scope to maintain that elevated performance at least over the next few years. That is important because while the company sees longer-term growth through its geothermal businesses, it is the UK conventional hydrocarbons that provide the backbone of cashflow in the nearer-term," said Canaccord.

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. However, the analysts trimmed their risked NPV10 target price to reflect the slow pace of progress of the UK geothermal business but still think the company's valuation footing has "improved significantly" over the past year.

[sea7] 21/12/2023 17:18

When you think that companies like egdon resources which had just over 250 boepd was sold to petrichor for £26.6m in may of this year and europa oil and gas, which currently has production of 265 bopd, has a mcap of £11m and are both onshore Uk Producers, it just goes to show how undervalued STAR is

after all, STAR has eight times the production levels of the above two companies and yet has a mcap at the same level as europa and at the same level egdon was before it was sold - egdon surged 85% on news of the takeover.

45p is not an undemanding level for star to move back to.

[kubera369] 21/12/2023 17:07

If any of you look at IGAS which was the name that STAR originally had and take a look at the share graph Then take into account the distressed seller(s) The share price is only beginning it's move upwards.With the latest valuation report from the brokers at 60p odd and the incoming news flow 50p min is not out of the question here imo.The share price had exceeded past the £1.00 mark during the fracking news and the distressed seller(s) taking it to single digits - with the change of name from IGAS to STAR Energy and change of plan, this share has been truly battered down to shoddy levels.The drill news and incoming newsflow incoming will make this share flavour of the month and hopefully 2024Don't leave it too late as the share is off radar due to the name change Good luck

[kubera369] 21/12/2023 16:57

News just 2 days ago and investors are latching onCanaccord Genuity said Star's recent updates highlighted the progress made across its "diverse UK onshore oil and gas production base" and in the Croatian geothermal business.Over the past year, Canaccord said Star has turned around "a declining UK production profile" for the first time in many years, through a combination of greater focus on incremental low-cost enhancements to well performance and significantly improved surface facilities efficiencies and uptime."That has clearly borne fruit over the past 12+ months, and we think there is plenty of scope to maintain that elevated performance at least over the next few years. That is important because while the company sees longer-term growth through its geothermal businesses, it is the UK conventional hydrocarbons that provide the backbone of cashflow in the nearer-term," said Canaccord.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. However, the analysts trimmed their risked NPV10 target price to reflect the slow pace of progress of the UK geothermal business but still think the company's valuation footing has "improved significantly" over the past year.  

[sea7] 21/12/2023 16:02

Good to see buys moving it up, without being sold into for once. Finally back to double digits

[sea7] 21/12/2023 15:59

Good to see buys moving it up, without being sold into for once. Finally back to double digits

[kubera369] 21/12/2023 10:49

The last few RNS's tell a story unfolding Production rates upDebt getting reduced each qtrDrilling started with results due in shortly New team players on board and one with close ties to Govt Seller who has depressed the share price is out imoMcap is ludicrous compared to peers out thereShare price is on its knees What else can I add :Ohhh due to its name change from igas to Star it's off radar to the investment community Stonking buy all round

[bsg] 21/12/2023 10:37

All well and good but they never seem to make a profit?

[kubera369] 21/12/2023 10:31

2000 boepd for £11mill MCAPLets look In comparison:-TXP - aiming for 9200boepd (middle next year), so 4.5 times the prodn at x10 MCAPJSE - soon to be 20000 boepd (10times the prodn) but at 17 times the MCAP.STAR ENERGY is extremely undervalued!!!!

[kubera369] 21/12/2023 10:30

2000 boepd for £11mill MCAPLets look in comparison :-TXP - aiming for 9200boepd (middle next year), so 4.5 times the prodn at x10 MCAPJSE - soon to be 20000 boepd (10times the prodn) but at 17 times the MCAP.SP here is a bargain of the century and extremely undervaluedKeep on adding if you have money The market rarely offers an early Xmas present that is staring at you point blank!

[kubera369] 20/12/2023 16:09

Others selling out and others buying News incoming and all looks goodPatience will win the game here as one can get a chance to average down or buy in at a good price

[bad gateway] 20/12/2023 15:13

Judging from todays RNS looks like Kubera369 may have been right yesterday.
Good call if so imo.

[stark industries] 20/12/2023 14:49

New appointment today says it all imo......

Star Energy Group PLC Appointment of Non-executive Director (
20/12/2023 7:00am


Wednesday 20 December 2023

RNS Number : 3688X

Star Energy Group PLC

20 December 2023

20 December 2023

Star Energy Group plc (AIM: STAR)

("Star Energy" or the "Company")

Board Change - Appointment of Non-executive Director

Star Energy is pleased to announce that Anthony White MBE has accepted an invitation to join the Board as an Independent Non-executive Director with immediate effect. Anthony will be a member of the Audit Committee.

Anthony has over thirty five years experience in international power markets and low carbon economy from capital markets analytical and industry strategy roles.

He has been involved in developing economic and financial frameworks that have reformed the energy sector and opened up whole new areas to private sector investment. This was particularly in relation to the conventional power sector reform but also for renewables. He played an important part in helping formulate government policy to make clean energy projects investable. He has also been an energy industry regulator.

His key responsibilities included being lead analyst for the top ranked energy team at investment bank, James Capel, who advised the UK Government on privatising the power sector. As Head of Citigroup's pan-European power team he also oversaw market liberalisation in other European markets. He was also National Grid's Group Head of Strategy in the 1990's.

In 2003, Anthony was one of the founders of Climate Change Capital, a specialist low carbon advisory and asset management business. He has been heavily involved in UK energy and power market policy participating in numerous UK Government advisory bodies including the Energy Advisory Panel, Commission on Environmental Markets and Economic Reform, Energy Networks Strategy Group and the Nuclear Liability Financing Assurance Board. He was awarded an MBE in 2004 for services to UK energy policy.

Anthony is currently a Non-executive Board Director of Green Energy Options and the Triple Point Energy Transition Trust.

Commenting Chris Hopkinson, CEO said:

"I am incredibly excited to welcome Anthony to the Board. He is a highly respected figure in the energy industry and has been involved in almost all aspects ranging from renewable energy research through to strategy, finance, international development and policy. His expertise will further strengthen the senior team as we seek to grow our geothermal business."

Anthony White added:

"I am delighted to be given this opportunity to help Star Energy as it navigates the transition to Net Zero."

Additional information:

Anthony Alfred Leigh White, age 70, holds no shares in Star Energy Group plc. He has been a director or partner of the following companies or partnerships during the five years preceding the date of the announcement:


Current Directorships Past Directorships (last
five years)

Bialik-Langworth Limited The Ecofin Research Foundation
Triple Point Energy Transition
PLC
Green Energy Options Ltd
BW Energy Limited
Pickfords Wharf RTM Company Limited

[stark industries] 20/12/2023 14:47

Broker tips: Bunzl, Star Energy

[...]

[stark industries] 20/12/2023 14:46

Analysts at Canaccord Genuity lowered their target price on exploration and production company Star Energy from 73.0p to 65.0p on Monday but stood by their 'buy' rating on the stock following recent updates.





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.