Overview
Zeus is pleased to announce that it has acted as Nomad, Broker and Bookrunner in the £8.5m Placing and £0.5m Retail Offer for Star Energy Group plc (STAR).
The net proceeds will be used to support the Company’s strategy of significantly increasing profitable production through both inorganic and organic means.
A key focus will be the acquisition of value-accretive production assets, initially focused on UK opportunities, including the UK Continental Shelf.
Company information
Star Energy is a British energy company with core activities centring on oil and gas extraction in the UK.
Ross Glover
CEO“We are delighted with the strong support shown by our existing shareholders. This successful Placing represents a clear vote of confidence in Star Energy, our people and our strategy. It gives us the platform to move forward with our plans to materially grow production. We are grateful for existing shareholders’ continued support and look forward to welcoming new investors and delivering on the opportunity ahead.”
Contact
If you would like further information, please get in touch with our team.
This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.