REG - Enwell Energy PLC - Cancellation of Suspensions of VAS and SC Licences

Enwell EnergyAnnouncement

27/06/2024 13:15

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RNS Number : 1966U  Enwell Energy PLC  27 June 2024

27 June 2024

 

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

 

Cancellation of Suspensions of VAS and SC Licences

 

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and
production group, is pleased to announce that the State Geologic and Subsoil
Survey of Ukraine (the "SGSS") yesterday issued orders to cancel the
suspensions of the Company's Vasyschevskoye ("VAS") production licence and
Svystunivsko-Chervonolutskyi ("SC") exploration licence in Ukraine.

 

As announced on 4 May 2023, the SGSS made orders suspending each of the VAS
production licence and SC exploration licence for a period of 5 years
effective from 4 May 2023. As a result, the Company ceased all operational
activities at those licences.

 

On 26 June 2024, the SGSS made further orders to renew the validity of each of
the VAS production licence and SC exploration licence, thereby cancelling the
suspensions of such licences. The further orders come into effect immediately.
Accordingly, the Company is now able to resume operational activities at such
licences.

 

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.

 

 

For further information, please contact:

 

 Enwell Energy plc                                Tel: 020 3427 3550
 Chuck Valceschini, Chairman
 Oleksiy Zayets, Interim Chief Executive Officer
 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

 

 

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