I put a small amount into STAR because north sea gas is in decline & the Zebrugge to Bacton import pipeline may not be able to cope with peak demand.

So I started looking around for companies in the gas storeage business & I found STAR.

I bought them expecting them to gradually rise but they haven't moved so far.

The Humbly Grove storeage project is on budget and on schedule to start commercial operations in October 2005

The next storeage project is in Lincolnshire.

They are also pumping oil from small UK wells so the current OIL price is great for profits.

I don't buy many AIM shares but this one is an exception.

Been some chunky deals this afternoon, which has seen the share price move up a couple of notches........perhaps something is stirring in the City.

Check out the HMY thread. Lots of info regarding massive world wide investments in LNG. Storage, ships etc.

MS

Thanks for your advice.I shall probably wait and see.Ethel

LNG is one of the fastest-growing segments of the global energy business, as markets such as the US and Britain start to run out of domestic natural gas supplies.

Super-cooling the gas into a liquid allows it to be shipped on tankers, like oil, eliminating the need to build expensive pipelines across unstable parts of the world.

James Boxell The FT March 1 2005

.......................................

It looks like this share will start to move soon.

It ticked up a little bit today.

nearly two million shares trades including two big sells. clearing a stock overhang maybe? be interesting to see the volume next week

Are you still holding these Apple,or did you get bored.First news in weeks,that UBS own 4.25%,hardly touched STAR.Only 10,500 shares sold today.Are we going to sit on these till results on April 18???

ethel

that is just what i am going to do. As i've said before i think the story for star is only just beginning. the whole lng story is really starting to make the news.

I'm still in, I got in at the bottom.

I'm confident about STAR but I can't guess the timing.

Lookin good today.

slowly but surely, daily volumes are picking up. This stock is starting to show up on some radar screens.

UP a bit again!

:-)

UP a bit further,

Perhaps we are on our way.

Every single transaction today was a buy.

We have lift off!

So far today anyway.

UP again :-)

Still gradually going UP!

STAR has retraced a bit but so has most of the market.

No volume so far today.

Results for 2004 due out on Monday. Expect a loss but should give an update on the storage projects currently underway.

Results in line with expectations. Humbly Grove expected to come on line in October with the storage already pre-let to traders.

Star Energy Group plc Significant Shareholders at March 17th 2005

European Acquisition Capital 19.96%

Artemis Investment Management 18.34%

Fidelity Investments 9.74%

Vitol Holding S.a.r.l. 9.48%

Lansdowne Partners 6.94%

Tudor Capital (UK) 5.69%

UBS Warburg (MM) 4.32%

Invesco Perpetual Asset Mgt. 4.16%

Och-Ziff Management Europe Limited 3.79%


Some big names have taken a share in STAR and I am going to add to my holding.

Good to see these edging upward again after a long quiet spell.

Hopefully we'll see a steady rise in sp as we near the opening date of the new gas storage site (which I believe is still on schedule for October, unless anyone knows any different?)