We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.29% | 17.25 | 16.50 | 18.00 | 11,141 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 133.38M | 60.18M | 0.1877 | 0.92 | 55.15M |
TIDMENW
RNS Number : 5770L
Enwell Energy PLC
04 January 2023
4 January 2023
Enwell Energy plc
("Enwell" or the "Company")
New Natural Resources Legislation in Ukraine
Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, notes that new legislation relating to the natural resources sector has been enacted in Ukraine, which may adversely affect the Company's hydrocarbon extraction licences in Ukraine .
The new legislation, Law No. 2805-IX, which will come into force on 28 March 2023, is a substantial package of new procedures and reforms designed to improve the regulatory process relating to the exploration and development of natural resources in Ukraine.
However, the new legislation includes provisions that if the ultimate beneficial owner of a mineral or hydrocarbon licence becomes the subject of sanctions in Ukraine, then the Ukrainian State Authorities may suspend or revoke that licence. In light of the imposition of the restrictive measures (sanctions) by the Ukrainian Authorities against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022, the Company is investigating whether the Company's hydrocarbon extraction licences may be affected by these provisions in the new law.
The Company is reviewing the new legislation, and consulting with its external legal and other advisers in relation to the accurate interpretation of the new law, so as to enable the Company to evaluate any requisite actions. In the meantime, operations at the Company's licences continue as normal.
Further announcements will be made in due course, as appropriate.
For further information, please contact:
Enwell Energy plc Tel: 020 3427 3550 Chris Hopkinson, Chairman Sergii Glazunov, Chief Executive Officer Bruce Burrows, Finance Director Strand Hanson Limited Tel: 020 7409 3494 Rory Murphy / Matthew Chandler Arden Partners plc Tel: 020 7614 5900 Ruari McGirr (Corporate Finance) Simon Johnson (Corporate Broking) Citigate Dewe Rogerson Tel: 020 7638 9571 Ellen Wilton
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDUOSKROSUARAR
(END) Dow Jones Newswires
January 04, 2023 02:00 ET (07:00 GMT)
1 Year Enwell Energy Chart |
1 Month Enwell Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions