STAR ENERGY GROUP PLC (STAR) — 2025 AGM Trading Update

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the STAR ENERGY GROUP PLC twenty twenty five AGM trading update. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can view your questions submitted today and publish responses, which is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Ross Glover. Good morning to you. Good morning, everybody. Thank you for joining us today for our AGM trading update. So I'm Ross Glover, company's CEO, joined by Francis Ward, our CFO. So today's update is relatively brief. It's as follows from the last trading update, which was three months ago, and our annual results two months ago. But it's a pleasure to be here today to discuss the progress we've made and the growth story that we're building. So STAR ENERGY, our strategy is clear and focused. We are maximizing the value from our onshore oil and gas assets with a real focus on profitability and making that business more resilient to commodity prices. We're building our geothermal businesses. But in building those geothermal businesses, we're flexible as to how and when in the project development cycles we realize that value. And we firmly believe that pursuing this strategy will, in the medium term, build sustainable shareholder value. So I've been in the role for a year now. At the AGM in 2024, I committed to a number of actions. The first was to rightsize the business. We've conducted an internal audi...