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IGas Energy ( (GB:STAR) ) has issued an update.
Star Energy Group PLC reported its full-year results for 2024, highlighting a strategic focus on maintaining strong cash flows from oil and gas operations while investing in geothermal energy as a future growth opportunity. Despite a challenging geopolitical climate, the company has made progress in reducing costs and securing financing to support its geothermal initiatives. The company also increased its stake in its Croatian subsidiary and sold non-core land to strengthen its financial position. Operationally, Star Energy maintained consistent production levels and began work on new projects, such as the Singleton gas-to-wire project, to enhance its energy portfolio.
More about IGas Energy
Star Energy Group PLC operates in the energy sector, focusing on oil and gas production while exploring growth opportunities in geothermal energy. The company aims to maximize profitability from its current assets and is committed to developing geothermal projects in the UK and Europe.
YTD Price Performance: -3.19%
Average Trading Volume: 138,214
Technical Sentiment Signal: Strong Buy
Current Market Cap: £9.12M
For a thorough assessment of STAR stock, go to TipRanks’ Stock Analysis page.