STAR ENERGY GROUP PLC (STAR) — H1 2025 results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the STAR ENERGY GROUP PLC Investor Presentation. 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 review your questions submitted today and publish responses to it as 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, and good morning, everybody. Thank you for joining us this morning. I'm joined by Francis Ward, who's our CFO. We have a short presentation, after which we will take your questions, and there's quite a few already submitted, which we are looking forward to answering. Think so just to start us off, the key key point is for for us in the business. Our our oil and gas business is has been made much more resilient over the past year. And certainly in this first half of twenty twenty five, we have seen the the overhead cuts that we've been made now bedded in properly. You know, those are long term overhead cuts as opposed to sort of one off, and then we'll see the overhead bounce up again. We have maintained our production levels through the first half. We expect to achieve our production guidance in in in for 2025. And our OpEx, we are maintaining our our our level of OpEx as opposed to making large cuts to it. It is more incremental savings that really give us an offset against inflation. So that is still a work in progress. What I would say is actually that the the you know, w...