Star Energy Group plc has awarded in aggregate 1,999,000 nil cost options over shares in the company to its directors. PLANS Chief executive officer Ross Glover received 300,000 awards and chief financial officer Frances Ward received 225,000 under Star’s 2015 management retention plan. Under its 2016 executive incentive plan, Mr Glover received a further 525,000 […]
Tag: Star Energy Group plc
UKOG-Star increase Horndean production
UK Oil & Gas plc said that last quarter’s workover programme resulting in a “deeper seating” of a downhole pump had increased production at the Horndean field, 10 miles north of Portsmouth in Hampshire. REVENUES Field operator Star Energy Group achieved an average of 200 barrels of oil per day last month compared with 125 […]
Star issues 231,366 shares
Star Energy Group plc will issue 231,366 ordinary shares of 0.002p each under the company’s share incentive plan. The company said that the SIP shares would be held by Equiniti Share Plan Trustees Ltd. Following admission, the group’s issued capital will be 129,537,872 ordinary shares, each with one voting right. The number of deferred shares […]
Star Energy to exit shale gas
Star Energy Group plc plans to exit its shale gas licences to save licence fee costs and focus more on its producing oil and gas assets in the East Midland and Weald Basins. RIGHT-SIZE Ahead of today’s general meeting, chief executive Ross Glover said that production maintained “strong momentum” in line with guidance of circa […]
Star Energy CEO Chris Hopkinson steps down
Star Energy Group plc chief executive officer Chris Hopkinson has stepped down from the role and the board with immediate effect, after 12 months in the post. His replacement is Ross Glover who is expected to be appointed to the board following the company’s general meeting 12 June. Mr Hopkinson, who will not stand for […]
Star Energy closes new €25m loan
Star Energy Group plc has closed a new €25 million secured loan for continued investment in oil and gas utilising its existing cash flows and its transition to geothermal energy. ADVANTAGES The “tailored” facility with two components is provided by Kommunalkredit Austria AG and matures on 31 December 2028. Facility A will fund repayment of […]