Business
Cancellation of Suspensions of VAS and SC Licences
Cancellation of Suspensions of VAS and SC Licences.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n\n27 June 2024\n \nEnwell Energy plc (\"Enwell\" or the \"Company\")\n \nCancellation of Suspensions of VAS and SC Licences\n \nEnwell 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.\n \nAs 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.\n \nOn 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.\n \nThis 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.\n \n \nFor further information, please contact:\n \n\n\n\n\nEnwell Energy plc\n\n\nTel: 020 3427 3550 \n\n\n\n\nChuck Valceschini, Chairman\n\n\n\n\n\n\n\nOleksiy Zayets, Interim Chief Executive Officer\n\n\n\n\n\n\n\nBruce Burrows, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited\n\n\nTel: 020 7409 3494\n\n\n\n\nRory Murphy / Matthew Chandler\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nZeus Capital Limited\n\n\nTel: 020 7614 5900\n\n\n\n\nAlexandra Campbell-Harris (Corporate Finance)\n\n\n\n\n\n\n\nSimon Johnson (Corporate Broking)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCitigate Dewe Rogerson\n\n\nTel: 020 7638 9571\n\n\n\n\nEllen Wilton\n\n\n\n\n\n\n\nAlex Winch\n\n\n\n\n\n\n\n \n \n\n","length":6838,"tagName":"div"}]