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
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