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IGas Energy ( (GB:STAR) ) has issued an update.
Star Energy Group has released a trading update for the year ending December 31, 2024, reflecting steady production levels and strategic investments in oil, gas, and geothermal projects. The company plans significant capital expenditure in 2025, including a focus on the Singleton gas-to-wire project and geothermal exploration in Croatia. These initiatives aim to enhance operational efficiency and position Star Energy as a leader in sustainable energy. The company’s efforts to reduce costs and invest in geothermal development align with broader industry trends and regulatory pressures, potentially benefiting shareholders and contributing to the clean energy transition in the UK and Croatia.
More about IGas Energy
Star Energy Group plc operates in the energy sector, focusing on oil and gas production and geothermal energy projects. The company is actively engaged in optimizing its energy assets while expanding its geothermal capabilities in the UK and Croatia. Star Energy aims to provide sustainable and low-carbon energy solutions, aligning with the increasing demand for clean energy sources.
YTD Price Performance: 15.79%
Average Trading Volume: 128,754
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.91M
Learn more about STAR stock on TipRanks’ Stock Analysis page.