April 29 (Reuters) - Star Phoenix Group Ltd STAST.L :
* STAR PHOENIX GROUP - COMPANY UPDATE
* STAR PHOENIX GROUP LTD - ADVANCED DISCUSSIONS ARE UNDERWAY IN RELATION TO NEW PROJECTS
* STAR PHOENIX GROUP LTD - SPECIALIST BROKER HAS BEEN APPOINTED TO ASSIST WITH SALE OF RIG BUSINESS
* STAR PHOENIX - WORK IS CONTINUING ON PROGRESSING AN ARBITRATION CLAIM AGAINST GOVERNMENT OF GEORGIA, WITH AN INVESTMENT DISPUTE EXCEEDING US$22 MILLION
* STAR PHOENIX GROUP LTD - INDONESIA OIL AND GAS INTEREST TO BE RELINQUISHED.