Scottish Power sell Salt Cavern at Byley to E.on a German utility firm for 96m.
6BCF facility 96/6 = 16m per BCF.

Star Energy- Humbley Grove gas storage facility up and running in September this year.10BCF facility.

Humbley Grove worth 10x16m=160m or 210p per share. Star also has E&P assets worth 90p a share 210p+90p = 3.00.
Debt of 35p a share =265p.

On top of this Star has a further 80 BCF seeking planning in UK.This could add another 1.3 Billion to the company value.Current Market Cap 180M !

No surprise Petronas took a 20% stake at 2.00 recently.

One to watch.

Ooops meant 3.265p in the posting above - guess the fact that Petronas (who are Malaysian I think) have built a substantial stake in Star must give some support to the share price. As always is it so difficult to judge a fair value on a company that is building for the future.