Enwell Energy ( (GB:ENW) ) just unveiled an update.
Enwell Energy announced that the Second Appeal Administrative Court in Ukraine has reinstated the suspension of its Vasyschevskoye (VAS) production license. This follows a previous interim ruling that had lifted the suspension. As a result, Enwell Energy is ceasing all field operations on the VAS license, including shutting down production. The company is continuing legal proceedings to challenge the suspension orders and is exploring further interim measures to potentially restore its operations.
More about Enwell Energy
Enwell Energy plc is an AIM-quoted company focused on oil and gas exploration and production. The company operates primarily in Ukraine, where it holds several production licenses.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $81.21M
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