9th Aug 2023 13:09
Star Energy Group PLC - company focused primarily on oil and gas extraction in the UK - Says production has remained "strong", averaging 2,080 barrels of oil equivalent per day in the first half of 2023. This compares to 1,865boepd in the first half of 2022. Notes "fantastic" progress with the maximum uptime from its wells which resulted in production in the latter part of July consistently above 2,250boepd. Company says its restructuring and rebranding is now complete.
Current stock price: 11.70 pence, up 2.2% in London on Wednesday afternoon
12-month change: down from 5,600.00p
By Heather Rydings, Alliance News senior economics reporter
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