Enwell Energy

ENW · AIM · Energy · mcap £37m · 11.5p

Enwell Energy is an AIM-quoted company that produces gas and condensate from fields in Ukraine's Poltava region. Its main assets are the MEX-GOL, SV and VAS fields, plus the SC exploration licence.

Target	Promise	Said	Status
2023
Q4 2023	Lift AIM trading suspension on publication of 2022 accounts and interim results.	10 Oct 2023	✓ Kept
	“Suspension from trading is expected to be lifted upon publication and posting to shareholders of the 2022 Accounts, and the Company's interim results for the six month period ended 30 June 2023” How it developed 10 Oct 2023 Said “Suspension from trading is expected to be lifted upon publication and posting to shareholders of the 2022 Accounts, and the Company's interim results for...” 29 Dec 2023 ✓ Kept “The suspension is lifted from 29/12/2023 7:30am, the half-yearly report having been published.” Result Trading in shares was restored on AIM on 29 December 2023 after the half-yearly report was published. “The suspension is lifted from 29/12/2023 7:30am, the half-yearly report having been published.”29 Dec 2023 · Restoration - Enwell Energy PLC
2024
Q3 2024	Resume production at VAS field in Q3 2024.	17 Jul 2024	✓ Kept
	“production from the VAS field is expected to resume in Q3 2024” Also stated 30 Sep 2024 How it developed 17 Jul 2024 Said “production from the VAS field is expected to resume in Q3 2024” 30 Sep 2024 ✓ Kept “In June 2024, the suspensions of the VAS production licence and the SC exploration licence were lifted, and production has now resumed at the VAS field” 30 Sep 2024 Said “In June 2024, the suspensions of the VAS production licence and the SC exploration licence were lifted, and production has now resumed at the VAS field” Result Interim results of September 2024 confirmed production had resumed at VAS, though it was later suspended again. “In June 2024, the suspensions of the VAS production licence and the SC exploration licence were lifted, and production has now resumed at the VAS field”30 Sep 2024 · 2024 Interim Results “At the VAS field, production operations will continue, and at the SC licence area, planning for the development of this licence area is currently underway”30 Sep 2024 · 2024 Interim Results
2025
2025	Carry out development work at MEX-GOL and SV fields (well deepening, workovers, compression, flow-lines) through 2025.	21 Dec 2023	✗ Missed
	“Subject to the resolution of the regulatory issues and the Group's ability to operate safely, development work planned for the remainder of 2024 and 2025 at the MEX-GOL and SV fields includes deepening the MEX-109 well to explore a deeper horizon, investigating the hydraulic fracturing of the SV-29 well, planning a workover of the MEX-102 well to access a shallower horizon, evaluating the potential for sidetracking of the MEX-119 well to access additional reserves, installing additional compression equipment and upgrading the flow-line network and other field infrastructure” Also stated 29 Dec 2023 · 21 Jun 2024 · 30 Sep 2024 How it developed 21 Dec 2023 Said “development work planned for the remainder of 2023 and 2024 at the MEX-GOL and SV fields” 29 Dec 2023 Said “development work planned for 2024 at the MEX-GOL and SV fields includes planning the deepening of the MEX-109 well to explore a deeper horizon,...” 21 Jun 2024 Said “Subject to the resolution of the regulatory issues and the Group's ability to operate safely, development work planned for the remainder of 2024 and 2025 at...” 30 Sep 2024 Said “development work planned for the remainder of 2024 and 2025 at the MEX-GOL and SV fields includes completing a workover of the MEX-102 well to access a...” 23 Jan 2025 ✗ Missed “by a decision dated 22 January 2025, the appeal against the Interim Ruling relating to the MEX-GOL and SV licences was allowed. As a result, the Suspension...” Result MEX-GOL and SV licences were suspended again in January 2025 and field operations ceased; no later card reports the planned work completed. “by a decision dated 22 January 2025, the appeal against the Interim Ruling relating to the MEX-GOL and SV licences was allowed. As a result, the Suspension Orders in respect of the MEX-GOL and SV licences are back in force, and accordingly, the Company is ceasing all field operations on these licences, including shutting down production operations.”23 Jan 2025 · Re-suspensions of MEX-GOL and SV Licences
Today · 17 Oct 2026
2026
31 Dec 2026	Establish limited production from SC exploration licence later in 2026.	13 May 2026	… In progress
	“we hope to establish some limited production from that licence later in the year.” Also stated 30 Sep 2026 How it developed 13 May 2026 Said “we hope to establish some limited production from that licence later in the year” 30 Sep 2026 Said “we hope to establish some limited production from that licence later in the year.” Status so far Not yet due.