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Acquisition of further Shares in Croatian Geothermal Development Company by Star Energy Group

Jan 03, 2025•over 1 year ago

Contract Type

partnership

LincolnshireEnergyBiomass Energy

Description

Star Energy has acquired an additional 20% of the issued share capital of A14 Energy Limited from its JV partner, Peninsula International PTE Ltd, increasing its total share of the company to 71%. A14 Energy owns three geothermal waters exploration licences in the highly prospective Pannonian Basin in Croatia. The acquisition follows the Group’s exercise of its conversion rights under a €529,614 convertible loan agreement with Peninsula.

Company Information

Company

Star Energy Group PLC

Location

Lincolnshire, England, United Kingdom

About

Star Energy Group PLC is a company focusing on enhancing efficiency and profitability in its oil and gas operations while actively engaging in the energy transition, capitalizing on geothermal opportunities.

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Predictive Intelligence
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ML-powered predictions for Star Energy Group PLC's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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