Star Energy Group plc has awarded nil cost options over 609,175 ordinary shares in the company under its 2015 management retention plan. BONUSES Chief executive Ross Glover received nil cost options over 343,424 ordinary shares of nominal value 0.002 pence per share. Chief financial officer Frances Ward received 265,751. The awards, for annual bonuses over […]
Tag: Star Energy Group plc
Star completes £6.3m sale of Alton terminal site
Star Energy Group plc has completed the £6.3 million sale of its non-core asset of the decommissioned oil terminal site at Holybourne in Alton, Hampshire. STRATEGY Proceeds will be used for the group’s general purposes including “deleveraging the business” and ongoing projects. The sale is part of Star’s strategy to streamline its operations and focus […]
UKOG welcomes 62% rise in Horndean reserves
UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
Star awards 2m share options to directors
Star Energy Group plc has awarded in aggregate 1,999,000 nil cost options over shares in the company to its directors. PLANS Chief executive officer Ross Glover received 300,000 awards and chief financial officer Frances Ward received 225,000 under Star’s 2015 management retention plan. Under its 2016 executive incentive plan, Mr Glover received a further 525,000 […]
UKOG-Star increase Horndean production
UK Oil & Gas plc said that last quarter’s workover programme resulting in a “deeper seating” of a downhole pump had increased production at the Horndean field, 10 miles north of Portsmouth in Hampshire. REVENUES Field operator Star Energy Group achieved an average of 200 barrels of oil per day last month compared with 125 […]
Star issues 231,366 shares
Star Energy Group plc will issue 231,366 ordinary shares of 0.002p each under the company’s share incentive plan. The company said that the SIP shares would be held by Equiniti Share Plan Trustees Ltd. Following admission, the group’s issued capital will be 129,537,872 ordinary shares, each with one voting right. The number of deferred shares […]