TIDMRPT

RNS Number : 1147T

Enwell Energy PLC

15 July 2020

15 July 2020

Enwell Energy plc

("Enwell" or the "Company")

Spud of SV-25 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-25 well at its 100% owned and operated Svyrydivske (SV) gas and condensate field in Ukraine.

The well has a target depth of 5,320 metres, with drilling operations scheduled to be completed by the end of the first quarter of 2021, and, subject to successful testing, production hook-up during the second quarter of 2021. The well is an appraisal well, with its primary targets being the B-20, B-22 and B-23 horizons in the Visean formation.

Sergii Glazunov, Chief Executive Officer, said : "We are looking forward to the safe and efficient drilling of the SV-25 well, which we hope will continue our success in the development of our fields."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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 / Richard Tulloch 
 
 Arden Partners plc                          Tel: 020 7614 5900 
 Ruari McGirr / Dan Gee-Summons (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
 Citigate Dewe Rogerson                      Tel: 020 7638 9571 
 Louise Mason-Rutherford / 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.

END

DRLXELFFBDLFBBD

(END) Dow Jones Newswires

July 15, 2020 09:18 ET (13:18 GMT)

Enwell Energy (LSE:ENW)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Enwell Energy Charts.
Enwell Energy (LSE:ENW)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Enwell Energy Charts.