Star Energy Group Plc

Equities

IGAS

GB00BZ042C28

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:17 2024-04-29 am EDT			5-day change	1st Jan Change
12.22 ^GBX	+1.03%		+9.40%	+28.62%

Apr. 24	EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	AN
Apr. 24	Star Energy Group Plc Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Star Energy secures five-year EUR25 million facility

April 09, 2024 at 08:36 am EDT

(Alliance News) - Star Energy Group PLC on Tuesday said it has closed a new EUR25 million secured facility.

The onshore energy company said the facility has been provided by Kommunalkredit Austria AG and is for five years.

Star Energy explained that the loan will "support its transition strategy into geothermal energy and enable continued investment in the oil and gas business utilising its existing cash flows."

Chief Executive Chris Hopkinson said: "Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimise near-term conventional production (with quick pay-backs) and deliver our transition strategy; namely developing and monetising our geothermal business in both the UK and Croatia."

Shares in Star Energy were down 0.3% to 10.47 pence each in London on Tuesday afternoon.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	87.24 USD	-0.31%	+0.38%	-
WTI	82.56 USD	-0.56%	+0.82%	-
STAR ENERGY GROUP PLC	12.22 GBX	+1.03%	+9.40%	19.31M

Latest news about Star Energy Group Plc

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	Apr. 24	AN
Star Energy Group Plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 24	CI
Star Energy secures five-year EUR25 million facility	Apr. 09	AN
Star Energy Group plc Announces Closing of A New ?25 Million Secured Facility	Apr. 09	CI
Katoro Gold launches fundraising, eyes board shake-up	Feb. 12	AN
Star Energy Group plc Announces Appointment of Anthony White as Non-Executive Director	Dec. 20	CI
Star Energy Group Plc Appoints Aneliya Erdly as Independent Non-Executive Director	Dec. 18	CI
EARNINGS AND TRADING: RM says Consortium closure progressing to plan	Dec. 14	AN
Star Energy Group Advances Re-entry Program of Croatian Well with Drill Rig Mobilization	Dec. 12	MT
Star Energy mobilises drill rig in Croatia to test Ernestinovo licence	Dec. 12	AN
Star Energy Announces a Drill Rig Has Been Mobilised to A Recently Constructed Well Pad on Its Ernestinovo Licence in Eastern Croatia, Three Months After the Acquisition of Its Croatian Geothermal Interests	Dec. 12	CI
Star Energy Group Announces Board Change	23-10-24	CI
Star Energy issued geothermal energy licences for Croatia JV	23-10-04	AN
Star Energy's Croatian Unit Granted Two Geothermal Licenses	23-10-04	MT
Star Energy half-year profit falls as revenue declines	23-09-13	AN
Earnings Flash (STAR.L) STAR ENERGY GROUP Reports H1 Revenue GBP23.8M	23-09-13	MT
Earnings Flash (STAR.L) STAR ENERGY GROUP Reports H1 EPS GBX0.39	23-09-13	MT
Star Energy Group Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-13	CI
FTSE 100 Finishes Higher on Strong Overseas Handover	23-08-29	DJ
Star Energy buys majority stake in Croatian firm A14 Energy	23-08-29	AN
Star Energy Group Buys 51% of Geothermal Exploration Company in Croatia	23-08-29	MT
FTSE 100 Closes Up as European Markets Signal Relief	23-08-09	DJ
Star Energy half-year net production up; maintains guidance	23-08-09	AN
Star Energy hails "strong" production in first half of year	23-08-09	AN
Pound Expected to Stay Firm Versus Euro on BOE Rate Expectations	23-08-09	DJ

Chart Star Energy Group Plc

Duration

Period

More charts

Company Profile

Star Energy Group plc is a United Kingdom-based energy company. The Company is engaged in onshore energy production, exploration, development and production of onshore oil and gas at its sites. The Company operates various onshore oil and gas fields in Britain. The Company is also engaged in the development and building of geothermal energy. It is an onshore hydrocarbon producer in the United Kingdom, which delivers natural gas and crude oil to Britainâs energy market. It develops and produces gas and oil reserves at onshore locations in the East Midlands and the Weald Basin in Southern England. It has 28 fields with over 90 sites around the country, producing predominantly oil. Its subsidiaries include Island Gas Limited, IGas Energy Enterprise Limited, Star Energy Group Limited, Star Energy Limited, Star Energy Weald Basin Limited, GT Energy UK Limited and others.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-10 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Star Energy Group Plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.121 GBP

Average target price

0.555 GBP

Spread / Average Target

+358.68%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
STAR ENERGY GROUP PLC	+28.62%	19.31M
CHEVRON CORPORATION	+11.51%	306B
CONOCOPHILLIPS	+12.19%	153B
CNOOC LIMITED	+52.00%	124B
CANADIAN NATURAL RESOURCES LIMITED	+23.06%	83.43B
EOG RESOURCES, INC.	+12.65%	78.06B
PIONEER NATURAL RESOURCES COMPANY	+21.66%	62.81B
OCCIDENTAL PETROLEUM CORPORATION	+14.27%	60.08B
HESS CORPORATION	+13.16%	49.91B
DIAMONDBACK ENERGY, INC.	+32.74%	37.05B

Other Oil & Gas Exploration and Production