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VAS Licence Order Update
VAS Licence Order Update.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3474T Regal Petroleum PLC 19 March 2019 \n\n \n19 March 2019\n \nRegal Petroleum plc\n(\"Regal\" or the \"Company\")\n \nVAS Licence Order Update\n \nRegal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, provides an update on its announcement made on 12 March 2019 regarding the publication of an Order by the State Service of Geology and Subsoil of Ukraine (the \"State Service\") affecting the production licence for the Vasyschevskoye (\"VAS\") gas and condensate field in Ukraine.\n \nAs announced on 12 March 2019, it was noted that an Order for suspension dated 11 March 2019 (the \"Order\") had been published on the official website of the State Service, relating to Special Permit No. 5626, which is the production licence for the VAS field. Under the applicable legislation, the licence operator will be required to shut down production operations at the VAS field within 20 days of licence suspension.\n \nThe Company has issued legal proceedings in the Ukrainian Courts to challenge the validity of the Order, and in these proceedings, the Court has made a Ruling on interim measures to suspend the Order pending a hearing of the substantive issues of the case to be held in due course. The effect of this ruling is that the abovementioned 20 day period is also suspended pending the substantive hearing.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \n \n \nFor further information, please contact:\n \n\n\n\nRegal Petroleum plc\n\n\nTel: 020 3427 3550 \n\n\n\n\nChris Hopkinson, Chairman\nSergii Glazunov, Chief Executive Officer\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 / Richard Tulloch\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\nNick Hayns / Elizabeth Kittle\n\n\n \n\n\n\n \n \n\nThis 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 [email protected] or v...