Star Energy Group PLC - London-based onshore energy company, formerly known as Igas Energy PLC - Says in the six months to June 30 average net production was 2,080 barrels of oil equivalent per day, up 12% from 1,865 a year prior. Adds its full-year guidance remains at 2,000 boepd.
Chief Executive Officer Chris Hopkinson says: ‘Whilst we are focused on delivering further value from our existing oil and gas assets, our desire over time is to transition out of our oil and gas business and fully into geothermal bringing with us all the complementary skill sets and experience of our workforce.’
Current stock price: 11.50 pence, up 0.4% on Wednesday
12-month change: down 99%
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