STAR ENERGY GROUP PLC (STAR) — Post Budget update

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 could be submitted at any time via 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 it received during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll, and I'd now like to hand you over to Ross Glover, CEO. Good morning, sir. Good morning. Thank you everybody for joining me this morning. It's been about three months since we had an investor meet presentation. I thought it would be worthwhile just giving you some thoughts on our strategy, especially given that we've had the budget couple of weeks ago. We believe that has changed things, potentially less uncertainty out there. So I suppose, you know, as as we look across the The UK, endless to the E and P sector, it's obviously a sector with very few materially scaled vehicles in it, a lot of small subscale players. Quite often, no revenue with pretty high g and a. And certainly, if there is revenue, the g and a is pretty high relative to the revenue. The delays that we've seen over the past couple of years with the uncertainty around the fiscal and regulatory regime in The UK has really drained cash reserves, and that has led to production levels declining. No new developments being pushed forward with a real inability to invest in anything. That really comes back to from a a a listing perspective, very low market interest at low liquidity and shares, depressed share price...