Star Energy Group PLC Trading Update (6975W)
14 Dezembro 2023 - 4:00AM
UK Regulatory
TIDMSTAR
RNS Number : 6975W
Star Energy Group PLC
14 December 2023
14 December 2023
Star Energy Group plc
("Star Energy" or "the Company" or "the Group")
Trading Update
Star Energy (AIM:STAR) today provides the following operations
update.
The Company remains on track to deliver its full year production
target, expected to be c. 2,090 boepd. Uptime across the portfolio
has remained strong with good results from workovers at Singleton
and a rolling programme of well optimisation and stimulation that
has yielded additional production equal to c. 50 boepd over this
year.
Cash balances as at 30 November 2023 were GBP2.9 million with
net debt of GBP2.6 million.
Qualified Person's Statement
Marie Dransfield, Technical Director of Star Energy Group plc,
and a qualified person as defined in the Guidance Note for Mining,
Oil and Gas Companies, June 2009 as updated 21 July 2019, of the
London Stock Exchange, has reviewed and approved the technical
information contained in this announcement. Mrs Dransfield has 19
years' oil and gas exploration and production experience.
For further information please contact:
Star Energy Group plc Tel: +44 (0)20 7993 9899
Chris Hopkinson, Chief Executive Officer
Ann-marie Wilkinson, Chief of Staff
Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970
Virginia Bull/Chris Sim/Charles Craven
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523
8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill
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END
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