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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
  1.50 3.9% 40.00 40.00 41.00 40.00 38.90 38.90 103,268 16:28:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 42.2 16.4 2.9 14.4 127

Enwell Energy PLC Spud of SV-31 Well

23/09/2021 10:51am

UK Regulatory (RNS & others)


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Enwell Energy PLC

23 September 2021

23 September 2021

Enwell Energy plc

("Enwell" or the "Company")

Spud of SV-31 Well

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce the spudding of the SV-31 well at its Svyrydivske (SV) gas and condensate field in Ukraine.

The SV-31 well has now been spudded and has a target depth of 5,250 metres. Drilling operations are scheduled to be completed by the end of the first quarter of 2022, and, subject to successful testing, production hook-up is scheduled during the second quarter of 2022. The well is a development well, targeting production from the V-21 and V-22 horizons in the Visean formation, which have demonstrated good productivity in an existing nearby well.

Sergii Glazunov, Chief Executive Officer, said: " We are looking forward to the safe and efficient drilling of the SV-31 well, which we hope will continue our successes in the development of our fields."

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.

For further information, please contact:

 
 Regal Petroleum 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 / Elliot Mustoe (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
 Citigate Dewe Rogerson                     Tel: 020 7638 9571 
 Elizabeth Kittle 
 

Dmitry Sazonenko, MSc Geology, MSc Petroleum Engineering, Member of AAPG, SPE and EAGE, Director of the Company, has reviewed and approved the technical information contained within this press release in his capacity as a qualified person, as required under the AIM Rules.

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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END

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September 23, 2021 05:51 ET (09:51 GMT)

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