Enwell Energy Share Discussion Threads

[gregpeck7] 22/10/2020 09:38

100 share limit.. it's about to blow.

[gregpeck7] 22/10/2020 08:23

L2 stacked up today

[gregpeck7] 21/10/2020 10:02

Like where?

[gregpeck7] 21/10/2020 08:58

Gas prices up another 2 percent today. Surely this starts firing up soon, valued for cash and will be raking it in now. The current drill should add another 500 boepd to output.

[gregpeck7] 19/10/2020 20:13

Well another dollar on them today... this breaks higher soon for sure.

[n13518] 19/10/2020 12:43

Gregpeck7 The only thing holding this back is gas and oil prices. I agree with half of the output RPT had been lot lot higher on prices. Fingers crossed. Lockdowns in winter should mean higher gas demand as we all want to keep warm.

[gregpeck7] 19/10/2020 12:38

Gas prices higher again today

[gregpeck7] 17/10/2020 17:51

Just look how much enw went up on limited volume. The stock is so tightly held. If even a spec of the herd arrives this will fly like you would not believe. I think this will be 40p before you know it and 50p for Christmas. It's an absolute steal here, and gas prices continue to firm. You are basically buying this for cash at present which is crazy when they are likely to be pushing 6,000 boepd soon and it looks like they will increase their exploration activities with the court settlement behind them.

[gregpeck7] 16/10/2020 13:58

Yes this is way too cheap

[elpirata] 13/10/2020 09:57

thats a very decent update this morning, no covid impact on operations, cash £43m mcap £50m

[maloneyt] 02/10/2020 16:17

Lets hope it will be ENW's turn soon

[bo90] 01/10/2020 15:05

there will always be an obstacle to dampen this business. i'm not one for ramping but anyone that looked into PANR and/or ZOETIC would have recouped losses and more n the last 3 weeks

[swanvesta] 30/9/2020 16:43

Legal tennis? Is it 15 all, or advantage Novinskiy?

[soggy] 30/9/2020 16:40

Odd, not owed! D'oh...

[soggy] 30/9/2020 16:39

What I thought was owed is that the RNS doesn't begin with "....is pleased to announce" which usually starts a good news RNS.Does anyone happen to know if there is a possibility of further appeal to an even higher court by their adversaries?

[n13518] 30/9/2020 16:01

The announcement
"A hearing of this appeal was held yesterday afternoon, and the Appellate Administrative Court ruled in favour of Arkona, overturning the earlier decision of the First Instance Court. The full decision and written judgement have not yet been delivered by the Court and will follow in due course, and if appropriate, a further announcement will be made."
appears positive but the share price has hardly moved. I am surprised.

[maloneyt] 30/9/2020 13:57

Yes still here Soggy, still waiting, watching, and have been for many years. So basically this matter seems to have been sorted out, pending the written judgement.

What I couldn't understand was how could ENW acquire a company without making sure that the licences are clearly valid!!

Lets hope that the share price will start moving back up again, as the have been falling for a while.

[soggy] 30/9/2020 07:49

For anyone left in this share...RNS out re. the court case.

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, provides an update on the Ukrainian legal proceedings relating to the Svystunivsko-Chervonolutskyi exploration licence (the "Licence") in Ukraine, which is held by LLC Arkona Gas-Energy ("Arkona"), which was acquired by Enwell in March 2020 (see announcement dated 24 March 2020) .

As announced on 3 July 2020, NJSC Ukrnafta, as claimant, has brought legal proceedings against Arkona, as defendant, in which NJSC Ukrnafta has made claims asserting that irregular procedures were followed in the grant of the Licence to Arkona in May 2017. NJSC Ukrnafta was the holder of a previous licence over this area which expired prior to the grant of the Licence. Arkona disputes these claims.

In early July 2020, the First Instance Court in Ukraine announced a ruling in favour of NJSC Ukrnafta, and subsequently delivered its full decision and written judgement, which determined that the grant of the Licence was irregular, and accordingly, the Licence would be invalid. However, in early August 2020, Arkona filed an appeal of this decision in the Appellate Administrative Court in Kyiv, and pending the hearing of this appeal, the Licence remained valid.

A hearing of this appeal was held yesterday afternoon, and the Appellate Administrative Court ruled in favour of Arkona, overturning the earlier decision of the First Instance Court. The full decision and written judgement have not yet been delivered by the Court and will follow in due course, and if appropriate, a further announcement will be made.

[bo90] 04/9/2020 23:47

all nice but it means nothing. this share will remain depressed until an oligarch battle looms.

[lw425] 04/9/2020 19:56

Gas swings upwards 6% from the London close today

The market will soon observe that CME Henry Hub futures show gas price futures 3.3 to 3.4 for winter.

Heads UP.

A second break of 18.25p confirms a breakout of a 23 month downtrend with the TA line drawn starting right at the top of the intraday high in the 60's, touching each lesser high.

The initial break through last week was your get ready signal.

[bo90] 02/9/2020 17:02

better than down the enwell ! this company is so manipulated that there's just no amending le logic. there are other companies trading healthily that i'd rather invest in.

[gregpeck7] 01/9/2020 22:50

Panr! You will be up the panr before you know it! They are the kings of not delivering...

[bo90] 01/9/2020 10:18

yes 38p but then last year rose rapidly to 60p when there was some oligarch interest with Pinczuk. I sold out at 28p knowing that this company was just going to toodle along and other shares on my watch list were rising sharply. Purchases of PANR and ZOETIC have put me back in profit from the 12k i was loosing here. I would want this company to succeed but I just can't see it happening.

[gregpeck7] 01/9/2020 07:47

Natural gas prices looking very healthy forming up above 2700. Personally expecting more interest here and for a short term move taking us back over 30p