| Nom : | Star Energy Ltd |
|---|---|
| Date de premier investissement: | Octobre 1999 |
| Pays : | UK |
| Montant Investi : | € 20.5m |
| Activité : | exploitation de gas et pétrole Onshore, co-génération |
| Type de transaction : | Buy-in |
| Chiffres d'Affaires : | € 25.0m |
| Taille de transaction : | € 61.5m |
| Membres du conseil : | Bill Robinson |
| Date de la réalisation : | Mai 2004 |
The Business
The Management
The chief executive, Roland Wessel, is a serial entrepreneur with a background in drilling services who has used his own time and money to develop the strategic plan. His business and strategic skills are leveraged by a close knit management team of Colin Judd (Finance Director), Melvyn Horgan (Operations & Reserves), Michael Garland (Acquisitions and Corporate Development) and Adrian Fernando (New Business Director).
Strategic Development
Critical mass was achieved through the acquisition of Soco International's UK onshore assets in the Weald Basin for £7m and Roc Oil Company's East Midlands assets for £22m. The business exploited these assets successfully, developing plans to create a number of gas storage schemes. The first scheme, Humbley Grove in Hampshire, required considerable capital to develop and so the company was floated on AIM in 2004 at a market capitalisation of over €100 million. It generated an IRR of almost 40%.
