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Last 0.60 GBp
Change Today -0.03 / -4.76%
Volume 1.6M
STG On Other Exchanges
Symbol
Exchange
London
As of 11:35 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

stellar resources plc (STG) Snapshot

Open
0.63 GBp
Previous Close
0.63 GBp
Day High
0.65 GBp
Day Low
0.60 GBp
52 Week High
09/15/14 - 1.35 GBp
52 Week Low
12/10/14 - 0.25 GBp
Market Cap
4.6M
Average Volume 10 Days
7.6M
EPS TTM
-0.0019 GBp
Shares Outstanding
762.5M
EX-Date
03/16/05
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STELLAR RESOURCES PLC (STG)

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stellar resources plc (STG) Details

Stellar Resources plc invests in the exploration, development, and production assets in the minerals and hydrocarbons sector in the United Kingdom. It primarily explores for gold, silver, and copper. The company, through its 49.9% interests in Gold Mines of Wales Limited, holds an exploration licence to explore 120 square kilometers of the Dolgellau Gold belt in North Wales. Stellar Resources plc was incorporated in 1999 and is based in London, the United Kingdom.

3 Employees
Last Reported Date: 06/28/14
Founded in 1999

stellar resources plc (STG) Top Compensated Officers

Executive Chairman, Finance Director, Secreta...
Total Annual Compensation: 50.0K GBP
Compensation as of Fiscal Year 2013.

stellar resources plc (STG) Key Developments

Stellar Resources plc Announces an Upgrade to the Conventional Stock Tank Oil Initially in Place Volumes Estimates for the Overall Upper Portland Sandstone Conventional Reservoir in the Horse Hill-1 and Collendean Farm-1 Structure the PEDL137 Licence Area

Stellar Resources plc announced an upgrade to the conventional Stock Tank Oil Initially In Place volumes estimated for the overall Upper Portland Sandstone conventional reservoir in the Horse Hill-1 and Collendean Farm-1 structure, in the PEDL137 licence area (Surrey-West Sussex, Weald Basin). This revised STOIIP is separate to the oil-in-place volumes estimated for the argillaceous limestones and mudstones of the Kimmeridge, Oxford and Lias rock sections of the HH-1 well. The company has a net attributable interest of 6.5% in PEDL137. An independent study of the Portland Sandstone reservoir was conducted by Xodus Group ("Xodus"), an international energy consultancy based in the UK, for the Horse Hill Developments Ltd. (HHDL) main consortium partners UK Oil and Gas Investments PLC (UKOG). The study is based on new petrophysical evaluations of both the HH-1 discovery and the older Collendean Farm-1 ("CF-1") well plus an updated interpretation of 2D seismic data across the Licence. The HH-1 and CF-1 discoveries lie within an approximately 100-foot thick, Upper Portland Sandstone gross reservoir interval, within a 6km by 3km tilted fault block structure as defined by 2D seismic. The crest of the Upper Portland conventional oil discovery lies at approximately 1,760ft TVDSS, and extends over a mapped maximum areal closure of approximately 2,000 acres. The Upper Portland reservoir is productive at the nearby Brockham field, some 9km NNW, in which UKOG has an indirect interest of 3.6%. Xodus calculate that the Upper Portland Sandstone conventional reservoir contains a "Best Estimate" (P50) gross STOIIP of 21.0 MMbbl, which is slightly more than UKOG's own revised latest estimate of 20MMbbl, and which is entirely within PEDL137 and encompasses both the HH-1 and CF-1 wells. This is an increase of 12.8 MMbbl over the 8.2 MMbbl (P50) gross STOIIP reported on 17 December 2014, which results largely from the new petrophysical evaluation of HH-1 electric logs, calibrated to new XRD and MICP data, and a new interpretation of the CF-1 electric logs, calibrated to core data. The oil in place hydrocarbon volumes (STOIIP) estimated should not be construed as recoverable resources or reserves. Meaningful estimates of recoverable oil within the Upper Portland can likely only be made following the proposed HH-1 flow test and a significant proportion will not be recovered during any future production regime. The Upper Portland is the uppermost, conventional oil-saturated reservoir found in the HH-1 and CF-1 wells. It overlies, and is entirely separate from, the Kimmeridge, Oxford and Lias oil-saturated argillaceous limestone and mudstone rock sections reported earlier. The Xodus study is an independent review, solely of the Upper Portland Sandstone trap-constrained conventional oil reservoir. It does not include any assessment of the deeper Kimmeridge, Oxford and Lias oil-saturated argillaceous limestone and mudstone rock sections, which are currently the subject of a separate review by Nutech Ltd.

Stellar Resources plc Appoints Dr. Simon Dominy as Director of Operations of GMOW (Operations) Ltd

Stellar Resources plc announced the appointment of Dr. Simon Dominy as Director of Operations of GMOW (Operations) Ltd, the operator of the Dollgellau Gold Project, which covers the 120 km2 exploration license over the entire Dolgellau Gold Belt from the Crown Estates. Over the last 10 years, he has held senior technical and management roles for the Snowden, both Australia and the UK.

Stellar Resources Announces Update of Gold Mines of Wales

Stellar Resources announced that GMOW (Operations) Ltd. (GMOW), the operator of Stellar Resources gold joint venture in Wales, has advised that it has received an Independent Technical Review from SRK Consulting (UK) Limited (SRK) for the 120 km2 the exploration license issued by the Crown Estate, that covers the entire Dolgellau Gold Belt, North Wales, UK, and which focuses on the close surrounding area of the historic Clogau St Davids underground gold mine. The license contains the historic Clogau St David's, Gwynfynydd, and Castell Carn Dochan Gold mines, mines renowned as being the source of royal gold. Stellar Resources, through its 49% investment in GMOW (Operations) Ltd, has an exclusive Option Agreement with the Crown Mineral Agents, acting for the Crown Estates, over the exploration license. In addition to updating the geological and the Clogau Gold mine model, SRK was also tasked with identifying the geological and structural features synonymous with auriferous (gold bearing) reefs and combining these features with the available geophysical data to allow future exploration to be focused and prioritized on ranked high-priority gold targets, both near-mine and in virgin territory along the 25 km of strike of the Dolgellau gold belt. SRK conducted a field mapping programme on the ground over an area of 3 km2 concentrating around the Clogau Gold mine, and focused their efforts on the potential for identifying lateral and vertical lode extensions in addition to auriferous satellite lodes parallel to the main structure. Field mapping targeted the lithological contacts observed on the British Geological Survey (BGS) 1:50,000 geological map of the area, particularly in relation to the igneous intrusions, as well as to identify any potential satellite lodes from quartz vein exposures. Accurate mapping of these geological features was deemed essential as the two principal controls on gold mineralization and gold ore-shoot formation are directly related to the local stratigraphy and structures. It should be noted that the mineralization within the license area has a high nugget effect, resulting in a somewhat erratic distribution of gold grades and commonly low continuity of mineralization, which presents a challenge in exploring, modeling and estimating the gold present without combined methods of exploration and detailed sampling of favorable geological structures for localizing the presence of gold. In the light of the large number of regional and local-scale exploration targets generated by this recent review, the Company in consultation with SRK is currently developing a detailed exploration programme and budget for 2015 and beyond to assess the potential for the Clogau Gold mine and the overall Dolgellau Gold Belt. It is envisaged that this will be completed within a few weeks and will conclude with a clear and structured exploration programme of the license area. The exploration will comprise but not be limited to the following activities: An underground 3D mine survey; Geological and structural mapping at surface, incorporating top of bedrock sampling where possible; Underground geological and structural mapping; Underground Channel sampling; 3D Geological Modelling; and Definition of drilling targets.

 

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