Trading Update
Star Energy on track for full year production target of c. 2,090 boepd; cash £2.9m, net debt £2.6m.
- Full year production target c. 2,090 boepd
- Additional production from well optimisation c. 50 boepd
- Cash balances £2.9 million
- Net debt £2.6 million
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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 £2.9 million with net debt of £2.6 million.
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