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Enwell Energy ( (GB:ENW) ) has shared an announcement.
Enwell Energy PLC announced that its production licenses for the MEX-GOL, SV, and VAS gas fields in Ukraine remain suspended due to Ukrainian government sanctions affecting the company’s ultimate beneficial owners. Consequently, there was no production in the second quarter of 2025. The company is actively pursuing legal proceedings to challenge these suspensions and is exploring options to mitigate the impact on its operations. Despite the challenging regulatory and operational environment in Ukraine, Enwell continues development planning for its SC exploration license area and maintains a cash reserve of approximately $100.7 million.
More about Enwell Energy
Enwell Energy PLC is an oil and gas exploration and production company, primarily focused on operations in Ukraine. The company is involved in the development and management of gas and condensate fields, including Mekhediviska-Golotvshinska, Svyrydivske, and Vasyschevskoye, as well as holding an exploration license for the Svystunivsko-Chervonolutskyi area.
Average Trading Volume: 32,187
Technical Sentiment Signal: Hold
Current Market Cap: £54.51M
See more data about ENW stock on TipRanks’ Stock Analysis page.