Star Energy Share Discussion Threads

[smackeraim] 08/4/2024 13:29

Picking up again. Good to see

[philgyuk] 05/4/2024 17:37

"What did the Government announce in May 2022 about a windfall tax?
Following speculation that the Government would introduce a one-off ‘windfall tax’ in response to increased world oil and gas prices and the boost in profits from North Sea oil and gas production, on 26 May 2022 the then Chancellor Rishi Sunak announced measures to support households. These are to be funded in part by a new tax on the profits from North Sea oil and gas production: the Energy Profits Levy."

[gaslass] 04/4/2024 18:30

Not true on windfall tax. It also applies to Star even though they have no offshore production

[smackeraim] 02/4/2024 10:42

Brent heading to $90

[philgyuk] 29/3/2024 17:48

Spot on - our politicians are fracking useless!! Fortunately, the windfall tax only applies to North Sea O & G companies. That lets Star off the hook being land based.

[sea7] 28/3/2024 13:27

Because they were subject to relentless selling by sandgrove and bank of america, as well as paying down debt. The share price is beginning to recover now that it appears those two sellers are gone and the debt will be gone in about two to three months also.

when they were IGAS, they had a low of about 10p a share when covid lockdowns arrived in 2020 and hit over 110p a share when the shale ban was lifted. IGAS was about 15p a share when the name change took place, if I recall.

as the above has dragged on for so long, the market has largely ignored them. The company is in better shape than it has ever been and by rights, a reversion to at least 20p a share should be on the cards as it is an undemanding target and is a good support level.

[dannymaz89] 28/3/2024 13:01

Producing more than WressleSo now explain how UJO and EOG have combined mcaps of 27m at 70% of wressle so 1100 boepd combinedAnd STAR have 100% ownership, their own abandonment crew and rig 2185 boepd and climbing 12m mcap

[ozzywalker] 27/3/2024 17:25

Anyone seen bri???

[smackeraim] 27/3/2024 17:15

yes bad gateway.

here’s some links

[sea7] 27/3/2024 15:59

currently shown as 2nd highest riser on toplists

[sea7] 27/3/2024 15:43

26% up Solid move today

[bad gateway] 27/3/2024 14:32

Croatia's very into this geothermal play though. From googling newsflow they see themselves becoming a hub for europe producing and selling bucketloads of geothermal produced power.
Am waiting on their Croatian update to really decide if they're worth more investment based on it but am a lot more positive on their choices at least than I was before a little research on it.

[kibes] 27/3/2024 14:10

If they manage to sell the O & G portfolio for a good price we should sack the board and tell them to distribute the cash to shareholders and liquidate the company. Otherwise they will just blow it all away.

[sea7] 27/3/2024 12:36

geothermal is further out- its the oil that will be filling the coffers and supporting the increase in share price.

should also be noted that they want to transition to a geothermal company - which means they will sell the entire O and G porfolio, once they have it all tidied up - it is worth multiples of the current SP

[smackeraim] 27/3/2024 12:35

thanks for that wisdom terrance

[beatme1] 27/3/2024 12:33

Low energy prices will be not good the pumpers are trying it on though

[kibes] 27/3/2024 12:22

Is this really going up or is it a just a dead cat bounce as market makers try to get rid of stock they have taken on but could not sell? The company is certainly grossly under valued but that is because nobody thinks geothermal in Croatia is going to make any money.

[dannymaz89] 27/3/2024 12:15

https://x.com/theunsophistic2/status/1772959814101958960?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

[sea7] 27/3/2024 10:23

even at 20p a share its a paltry £22 million mcap

[sea7] 27/3/2024 10:22

On the move 15% up
Defo looks like Sandgrove and Bank of america are done selling

[smackeraim] 27/3/2024 08:51

Looks much firmer. Feels as if the seller that was a drag on it has finally shifted.

[sea7] 27/3/2024 08:38

so undervalued...

As at interim accounts...

assets given a value of...

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

and

Ring fence tax losses of £259 million

[sea7] 26/3/2024 12:17

star still producing 17% of all the UK onshore oil - 2nd highest producer

star still producing 5% of all the uk onshore gas - 3rd highest producer