Star Energy oil revenues fell more than 20% in 2025, compared with the year before, according to annual accounts. The company also announced a share placing aimed at raising £8.4m.
Revenue and gas production at Angus Energy fell in 2025 compared with the year before.
Cuadrilla’s Australian owner spent more than £0.75m in six months in the UK in 2023, more than double the amount in the previous year. But the company has no plans for future “substantive expenditure” on UK shale gas.
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
DRILL OR DROP? 