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.

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

Star Energy Group PLC
13 July 2005



NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF IRELAND



STAR ENERGY GROUP PLC



PROPOSED ACQUISITION OF PENTEX MANAGEMENT LIMITED

AND

35.0 MILLION PLACING





Star Energy Group plc ('Star Energy' or the 'Company'), the UK based energy
company, announces the proposed acquisition of Pentex Management Limited
('Pentex') and a Placing.



Key points



Proposed Acquisition

Pentex is a privately owned UK based energy company, which has oil and
gas assets in the UK producing approximately 2,000 boepd (net) including
approximately 1.4 mmscfd of gas (equivalent to approximately 230 boepd).

Pentex had Proven and Proven and Probable remaining reserves of 9.5
mmboe and 16.4 mmboe respectively, as at 1 January 2005.

Pentex's assets consist of operated interests in 15 onshore licenses
and appraisal and exploration opportunities in the UK onshore sector (East
Midlands Basin and Weald Basin).

In addition, the Directors believe that there may be potential for gas
storage development opportunities in the Pentex portfolio.

The consideration for the Acquisition will be approximately $67.6
million (approximately 38.5 million), payable in cash on Completion, for the
entire issued share capital of Pentex and, in addition, the existing Pentex
Group's current debt of $14.4 million (approximately 8.2 million) will be
refinanced.

A potential further payment of approximately 5.1 million will be
payable if, inter alia, planning permission is obtained in respect of a gas
storage project at Gainsborough.

The Directors believe that the Acquisition will be earnings enhancing
in the first full year of ownership.



Placing and New Debt Facilities

Placing to raise approximately 35.0 million by the issue of
19,125,684 New Ordinary Shares at 183.0 pence per share.

An additional debt facility of 20.0 million has been entered into.

Of the amount being raised in the Placing, 18.5 million will be used
to fund the proposed Acquisition, 5.7 million will be used to accelerate the
development of the potential Albury and Bletchingley gas storage facilities
and the balance will be used for general corporate purposes

European Acquisition Capital Limited ('EAC') has entered into
non-binding heads of terms to sell its stake in the Company to a leading
Fortune 500 multinational oil and gas company (the 'Prospective Purchaser').
The Prospective Purchaser has, in addition, indicated its intention to
subscribe for 19.06 per cent. of the New Ordinary Shares at the Placing Price.





Commenting on the proposed acquisition and the placing the Chairman, Stephen
Gutteridge, stated:



'The acquisition of Pentex will consolidate Star Energy's position as a leading
participant in the onshore UK oil and gas industry and as the key owner of
depleted reservoir gas storage opportunities onshore UK. The Acquisition is
expected to increase production from Star Energy's current level of
approximately 3,100 boepd (net) to approximately 5,100 boepd (net) and will
significantly increase Star Energy's Proven and Probable reserves as at 1
January 2005 from 14.7 mmboe to 31.1 mmboe. In addition to the increased oil
reserves and production, the Acquisition may add further potential gas storage
opportunities and provides operational synergies and incremental cash flow
within the Enlarged Group.'

see RNS for full text

Baza

RNS 14/07/05 12:11 Petronas Int Corp Aquires 16.9%

After months of inactivity, hurrah a flurry of activity with a mass of buys today, presumably after the markets had finally digested that huge document regarding the purchase of Pentax.

Pentax looks to be quite a canny buy - perhaps STAR might slip out of the shadows and onto peoples radars at long last.

I have a modest holding in STAR

I think some of you have misunderstood the gas storage part of Star Energy's business, which has nothing to do with LNG. They intend to buy gas in the summer when it is cheap, inject it under pressure it into depleted oil reservoirs like Humbley Grove and then produce it during the winter months when gas prices are high in order to meet swing demand. The gas stored in the reservoir can be produced to enable the gas network to cope with periods of high demand. A typical gas contract has a "swing factor" included which is the amount by which the gas purchaser can increase or decrease supply from an agreed average rate. The importance of storage is in enabling companies to meet these swing rates. Currently we have very little gas storage capacity (the Rough offshore storage field being one of the most important) - it is about 3600 mcm (million cubic metres). If all of the planned projects went ahead then we would see an increase of about 1750 mcm of storage capacity. Star's Humbly Grove is about 280 mcm. Of the rest about 700 mcm is still at the conceptual stage. So, aside from the oil STAR produce the gas storage side of the business looks like a long term winner as does HMY (which I hold). I dont hold STAR at the moment but I think it looks like a good long term hold and might dive in soon.

Another RNS Click below
21/07/05 11:06 Petronas Int Corp SAR 3 - Star Energy Group RNS

A trickle of buys is steadily turning into a constant stream. Is there something afoot or is the upward movement in the SP simply a vindication of the managements proposed purchase of Pentax ?

Starting to get interesting ................

Heading north again ........ up 14.5% today. Looks as if the MMs are steadily running out of stock.

Looking very good, click below

03/08/05 11:34 Artemis Investmt Man SAR 3 - Star Energy Group RNS

Things are getting interesting

18/08/05 - 14:17 Holding(s) in Company RNS
18/08/05 - 13:17 Holding(s) in Company RNS
16/08/05 - 14:13 Holding(s) in Company RNS
11/08/05 - 13:13 Holding(s) in Company RNS
11/08/05 - 13:12 Holding(s) in Company RNS
11/08/05 - 13:08 Holding(s) in Company RNS
11/08/05 - 13:05 Holding(s) in Company RNS
11/08/05 - 13:03 Holding(s) in Company RNS
10/08/05 - 14:33 Star Energy says Petronas' interest in co raised AFX
10/08/05 - 13:54 Holding(s) in Company RNS

05/08/05 10:25 Star Energy Group (STAR) Result of EGM RNS
04/08/05 10:17 CONOCOPHILLIPS (COC) Indonesia govt awards 9 oil/gas concessions to local/foreign cos AFX

the oil price is rising again, good close in NY friday, may see the nex leg up commencing soon...


oil stocks are due a good week if this continues towards the $70 target price...

05/09/05 - 10:24 Star Energy H1 pretax losses narrow; Humbly Grove AFX

06/10/05 - 08:28 Star Energy to start Humbly Grove ops by end-Oct AFX