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Enwell Energy PLC recently faced a significant legal development regarding the suspension of its Vasyschevskoye (VAS) production license in Ukraine. On February 27, 2025, the Second Appeal Administrative Court overturned an earlier interim ruling by the Poltava District Administrative Court, thereby reinstating the suspension of the VAS license. This followed a suspension order from the State Geologic and Subsoil Survey of Ukraine (SGSS) that had been enacted due to compliance issues, representing a critical hurdle for the company as it navigates regulatory challenges in the region.
This reinstatement comes amid ongoing legal efforts by Enwell to contest the suspension orders that were formally placed on multiple licenses in November 2024, which could impact its operational capabilities and future revenue generation. The company’s proactive measures, including legal proceedings, illustrate its determination to regain the rights to its resources, but the sustained uncertainty surrounding its licenses could weigh on investor sentiment and overall financial performance in the near term. Continued monitoring of the developments will be essential for stakeholders assessing the company's future position in the oil and gas industry in Ukraine.
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Not checked in for a long time (or a holder since circa 2009).However this crossed my feed earlier HTTPS//x.com/NOELrep |
Ukraine charges Novinsky with treason. Yes, the major shareholder here has been charged with treason! |
The sanctions and legal actions are carried out by Ukraine’s National Security and Defence Council, alongside regulatory bodies such as the State Geologic and Subsoil Survey of Ukraine (SGSS). The involvement of these individuals and their associated companies is likely linked to broader geopolitical and security concerns, particularly in the context of Russia-Ukraine relations. |
Merry go round! |
Dont they have 90m in cash? Os that been suspended too? |
Russia will not stop, it wants the whole country and extinguish Ukrainian life/cukture/history |
I think this is still the samePosted on previous rnsWas expecting big rush for the exit todayAbout 5 p a share held in cash outside of ukraine |
OOOUUUCCCHHHH!!!!!!! |
As a long-term holder of ENW, the war between Ukraine and Russia badly damaged not only the citizens of both Countries but also hit the economies hard. |
Can not understand this share price Negative news and it goes up Trump will throw Ukraine under the bus |
Well I hope you're right. I have been invested for many years as you say through the Regal years & I have feared the worst since the war etc. Now at last maybe there is some light but I still have no idea what is going on. |
Ccconroy Some of us who have been in this company(plus RPT) never really understood/understan |
Can I ask your opinion about Enwell? I find it very confusing as I had the dividend & expected the worse. This current rally is a nice surprise but no idea where it's heading & why it's bouncing back??? |
Something certainly is going on with Enwell. Something good and bodes well for the future. |
Some ducking and diving hereNo answers to last rns strange share price action ?? |
When a stock goes up in the face of what looks like bad news...look out |
Was expecting big rush for the exit todayAbout 5 p a share held in cash outside of ukraine |
Is the current share price more or less equivalent to the cash holding |
Is anyone going to the agm today 11am ? |
Haha ! |
@cat it says subscription required, which I dont have. Can you summarise the main points. tia |
The Russians are looking to shore-up their borders and want Crimea. Sooner or later, Peace settlement will be agreed. |
Now all they got to do is not get taken by Russia! |
Type | Ordinary Share |
Share ISIN | GB0031775819 |
Sector | Crude Petroleum & Natural Gs |
Bid Price | 18.00 |
Offer Price | 21.00 |
Open | 19.50 |
Shares Traded | 0.00 |
Last Trade | 07:40:12 |
Low - High | 19.50 - 19.50 |
Turnover | 62.19M |
Profit | 26.49M |
EPS - Basic | 0.0826 |
PE Ratio | 2.36 |
Market Cap | 62.52M |
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