Star Phoenix Group LtdLSE Star Phoenix Stock Report

Star Phoenix Group Ltd. engages in the provision of oilfield services. The company is headquartered in Perth, Western Australia. The company went IPO on 2017-12-13. The firm is evaluating divestment opportunities of its existing portfolio to focus on new acquisitions and investments in other projects. The firm's operations include Trinidad Oilfield Services, and Indonesia Oil and Gas Project. The firm owns an oilfield services provider based in Trinidad (RRDSL). RRDSL has modern drilling rig fleets in the Caribbean with the capacity to drill onshore wells in Trinidad. The fleet comprises approximately seven onshore land rigs, five drilling and two production rigs and related equipment. The firm has an interest in the Perlak field, which is located in the hydrocarbon province of Northern Sumatra and covers an area of approximately 10.4 square kilometers. The Perlak field drilled approximately 300 wells, with 250 of those put into production.