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ENW Enwell Energy Plc

19.00
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enwell Energy Plc LSE:ENW London Ordinary Share GB0031775819 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.00 18.50 19.50 19.00 19.00 19.00 4,350 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 62.19M 26.49M 0.0826 2.30 60.92M

Enwell Energy PLC Lifting of Suspensions of Licences

26/11/2024 11:54am

RNS Regulatory News


RNS Number : 7188N
Enwell Energy PLC
26 November 2024
 

26 November 2024

 

Enwell Energy plc
("Enwell" or the "Company")

 

Lifting of Suspensions of MEX-GOL, SV and VAS Licences

 

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, advises that yesterday it obtained interim rulings from the Poltava District Administrative Court in Ukraine to lift the respective suspensions of the Company's Mekhediviska-Golotvshinska ("MEX-GOL"), Svyrydivske ("SV") and Vasyschevskoye ("VAS") production licences in Ukraine.

 

As announced on 18 November 2024, the State Geologic and Subsoil Survey of Ukraine (the "SGSS") issued suspension orders dated 15 November 2024 in respect of each of the MEX-GOL, SV and VAS production licences for a period of 10 years effective from 8 October 2024. As a result, the Company ceased all field operations on each of these licences, including shutting down production operations.

 

Shortly after receiving the suspension orders, the Company issued legal proceedings in the Poltava District Administrative Court in Ukraine to challenge such orders, and within such proceedings, the Company sought interim rulings to have such orders lifted pending determination of the substantive issues in the legal proceedings. Yesterday, the Court made interim rulings to lift the respective suspension orders of the MEX-GOL, SV and VAS production licences pending the determination of the legal proceedings.

 

Following such interim ruling, the Company has resumed field operations on each of these licences, including resuming production operations.

 

For further information, please contact:

 

Enwell Energy plc

Tel: 020 3427 3550 

Chuck Valceschini, Chairman


Oleksiy Zayets, Interim CEO


Bruce Burrows, Finance Director




Strand Hanson Limited

Tel: 020 7409 3494

Rory Murphy / Matthew Chandler




Zeus Capital Limited

Tel: 020 7614 5900

Alexandra Campbell-Harris (Corporate Finance)


Simon Johnson (Corporate Broking)




Citigate Dewe Rogerson

Tel: 020 7638 9571

Ellen Wilton / Alex Winch


 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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