Burning cash on pie in the sky projects. Keeps them in a job. |
Anyone know if Bletchingley gas to wire is up and running now? |
A very good and positive update. Why does our header show losses of £420k, if we are paying tax on profit? |
Wow ! 74 barrels of oil equivalent currently being flared a day |
'Cash at 31 December 2024 was £4.7 million, excluding restricted cash, and Star Energy had drawn £12.2 million under its loan facility' - To spend on what? Previously the company had no debt but now suddenly it has debt larger than its market capitalisation. |
UK Oil & Gas PLC on Monday said production at its Horndean field site has seen a "significant" increase, on the back of a workover campaign during the final quarter of 2024.
The London-based energy company said full field production in January averaged 200 barrels of oil per day, which it said was 60% higher than the 125 bopd averaged in January 2024.
As a result, Horndean operator Star Energy Group PLC now forecasts annual field production for 2025 to be 61,195 barrels, up 21% from the 49,402 barrels reported for 2024.
This assumes an improved average daily rate of 168 bopd. |
I doubt they're clueless they're having a good time as a lifestyle company. |
And here we go the price has now been moved up to 8.65p. If only they could contrive something that sounds like good news whether real or imagined. But they are completely clueless. |
At last managed to shift 100,000 shares at 8.21p today. But the fact that MMs are willing to pay that amount probably means they intend to rush the price up soon. |
2% of shares bought by Perpetual. Surely very good news? |
👍🏻 |
Perpetual Limited adding |
they are - this has been way oversold and should at least revert back to its 15p level - it is in far better shape now than it was then. |
buys are piling in so hopefully will be over 10p soon? |
Cash as at june 30th was £4.2 million ..add on this £6.3 million and we have £10.5 million as well as over 2000 boepd production. The mcap now is only £11 miillion - it effectively means anyone buying today, is getting 2000boepd production for 500k |
moved up to 2nd highest riser of the day |
with 2000 boepd and a nice £6.3 mill in cash arriving - this should deffo be far higher |
If you have a company with a market capitalisation of £10 million which suddenly discovers £6 million of unexpected real cash it ought to go up by more than 50% really ie to at least 12p/share. |
They are cutting costs / have announced in a recent RNS. Also generate a healthy EBITDA and have been paying down debt and post land sale zero/or minimal net debt!!!
Moreover at the end of the day if profits are being made, assets deeply undervalued for a firm with no blocking sizeable share holder -> makes for easy takeover pickings :)
Greatly boosted by the GBP 237 million in Ring Fenced UK tax losses and 17.5 million 2p reserves!!! |
Never going to happen, they'll grind it into the dirt for their own benefit. |
 STAR Share Price-> 8.00p
Brent-> $72.10
STAR Current Share Price vs 52 Week low of 6p on 16 Oct 24-> 33.33%
STAR Current Share Price vs 52 Week High of 12.50p on 25 Apr 24-> 56.25%
Total Voting Rights -> 129,537,872
Market Cap (GBP)-> £10,363,030
GBPUSD-> 1.280
Market Cap (USD) -> $13,264,678
Net Debt (GBP) (30 June 24) -> [+ 9 Oct Geothrmal Cash Backing - Land Sale 12 Nov] -£1,000
Net Debt (USD) (30 June 24) -> -$1,280
Enterprise Value (USD)-> $13,263,398
STAR Actual Production Average First Half 2024 (Boe/d)-> 2,012
STAR 2024 Production Guidance (Boe/d)-> 2,000
STAR Actual Average Production 2023 (Boe/d)-> 2,100
STAR/IGAS Actual Average Production 2022 (Boe/d)-> 1,898
EV/BARREL(USD) Actual H1 2024 Average Production-> $6,592
EV/BARREL(USD) FY 2024 Guidance-> $6,632
Decommissioning Provision HY 2024 Results (GBP)-> £62,006,000
Decommissioning Provision HY 2024 Results (USD)-> $79,367,680
EV/BARREL-USD FY 2024 Guidance with Decommissioning-> $46,316
IGAS 2P Reserves Year End 2023 Boe-> 17,470,000
EV/2P-> $0.76
Ring fence tax losses of 30 June 2024-> £237,000,000
EURGBP -> 0.83 |
STAR Share Price-> 8.00p
Brent-> $72.10
STAR Current Share Price vs 52 Week low of 6p on 16 Oct 24-> 33.33%
STAR Current Share Price vs 52 Week High of 12.50p on 25 Apr 24-> 56.25%
Total Voting Rights -> 129,537,872
Market Cap (GBP)-> £10,363,030
GBPUSD-> 1.280
Market Cap (USD) -> $13,264,678
Net Debt (GBP) (30 June 24) -> [+ 9 Oct Geothrmal Cash Backing - Land Sale 12 Nov] -£1,000
Net Debt (USD) (30 June 24) -> -$1,280
Enterprise Value (USD)-> $13,263,398
STAR Actual Production Average First Half 2024 (Boe/d)-> 2,012
STAR 2024 Production Guidance (Boe/d)-> 2,000
STAR Actual Average Production 2023 (Boe/d)-> 2,100
STAR/IGAS Actual Average Production 2022 (Boe/d)-> 1,898
EV/BARREL(USD) Actual H1 2024 Average Production-> $6,592
EV/BARREL(USD) FY 2024 Guidance-> $6,632
Decommissioning Provision HY 2024 Results (GBP)-> £62,006,000
Decommissioning Provision HY 2024 Results (USD)-> $79,367,680
EV/BARREL-USD FY 2024 Guidance with Decommissioning-> $46,316
IGAS 2P Reserves Year End 2023 Boe-> 17,470,000
EV/2P-> $0.76
Ring fence tax losses of 30 June 2024-> £237,000,000
EURGBP -> 0.83 |
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