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.

More buying today.

I certainly rate the Artemis Smaller caps fund - these guys seem to know a good thing when they see it. LNG is talking over from oil - the next big thing. With patience this could be huge.

rgrds
gk

STAR should start moving soon as what it does sinks in with investors. The buzz surrounding imports of LNG is enormous and this will eventually spill over into STAR - see the thread on Hamworthy (HMY) ,makers of LNG handling equipment, for some interesting reading.

Hamworthy Thread Link

I've just visited the STAR website and note that Artemis Investment Managers have a material holding, but I'm not sure if there is a suggestion that Artemis UK Smaller Companies have a stake in this company or not. Please could somebody add clarity as to which Artemis funds hold Star? Thanks

there has been a rush of announcements (Exxon, Shell and Total) in the last few days about big LNG contracts to bring the gas into the UK and Continent. Soon somebody will wake up to the fact the the next few years is going to bring a massive demand for storage facilities. This can only play into the hands of STAR.

Why was there such a static share price after the IPO last year.This is a difficult one,how to calculate where the sp should go to.Help please.

ethel

don't really know - the IPO was pretty low key and there has been limited newsflow. I also think that STAR is being looked at as a small oil company and its potential for storage is being overlooked. I don't try and calculate anything about a company as young as this. I look at what they have got to offer and is it (or will it be) needed. IMOH the answer has got to be yes. If you invest in STAR at the moment its got to be pretty much a gut feeling. As always DYOR .

I feel sure that this one will happen but not yet. If you can afford to have your money dormant for several months, then go for it. When all the LNG comes on line it's got to be stored somewhere. But the word is WHEN. But you know the old saying "The early bird" ect. I'll be watching and will invest but I can get a return on my money now without having to wait for things to come on line.

LOL

MS

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!

:-)