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.

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?)

got a few of these...

chart looks reasonably positive, oil and gas stocks moving up, may have another nibble soon...

Showing signs of life today.

I wonder why?

AGM statement just released.

Humbly Grove gas storage facility is on schedule, which is good news.


Star Energy Group PLC
24 June 2005

Star Energy Group plc

AGM Statement

At today's Annual General Meeting Stephen Gutteridge, Chairman, gave the
following update:

Humbly Grove

Construction of the Humbly Grove gas storage facility is progressing well and
remains on budget and on schedule for commercial operations in October of this
year. The 27 km pipeline from Humbly Grove to Barton Stacey, where it links to
Transco's National Transmission System, has been installed and tested. Drilling
of the four gas storage wells has been completed, although this took longer than
anticipated. The summer months will see a period of intense activity centred on
the hook up of the major plant and equipment at the site.

Other Gas Storage Projects

The company is continuing to make progress in accelerating the Albury and
Bletchingley gas production and storage projects. Drilling permitting is
underway for both sites as is the preparatory work required for the storage
permitting application.

The planning application for the Welton gas storage project remains to be
assessed by Lincolnshire County Council. The Company's latest information is
that the date for assessment is July 2005 although the date has been the subject
of continued postponement since the application was lodged in November 2003.

Interim Production and Profitability

Production in the first five months of 2005 has averaged approximately 3100
boepd. This is lower than expected caused by a combination of well down-time and
production disruptions caused by the extended drilling activities at Humbly
Grove. This has also affected the production of gas that the company converts
into electricity for export and consequently electricity sales are lower than
budget.

The impact of this on our first half performance has been offset to some extent
by higher oil prices and a reduced proportion of hedged production since the end
of March 2005.

Outlook

The Company remains fully focussed on bringing the Humbly Grove gas storage
project on stream in October. The UK summer / winter gas price spreads remain
strong for the next few years, underpinning the value of the project and our
strategy for further gas storage development. Having completed our first year as
a listed Company, the Board is able to look to the future with confidence.

Resolutions passed

Star is pleased to announce that all the resolutions proposed in the notice of
the meeting were duly passed.

24 June 2005

Enquiries:

Star Energy 020 7730 6663
Roland Wessel, Chief Executive

College Hill 020 7457 2020
Jim Joseph/Ben Brewerton



This information is provided by RNS
The company news service from the London Stock Exchange