REG - Enwell Energy PLC - Spud of GOL-107 Well

Enwell EnergyAnnouncement

20/12/2022 07:15

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RNS Number : 2423K  Enwell Energy PLC  20 December 2022

20 December 2022

Enwell Energy plc
("Enwell" or the "Company")

 

Spud of GOL-107 Well

 

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and
production group, is pleased to announce the spudding of the GOL-107 well at
its Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine.

 

The GOL-107 well is a development well and has a target depth of 5,190 metres.
Drilling operations are scheduled to be completed by the end of the third
quarter of 2023, and, subject to successful testing, production hook-up is
scheduled during the fourth quarter of 2023. The well is targeting production
from the V-20 and V-23 horizons in the Visean formation.

 

Sergii Glazunov, Chief Executive Officer, said: "We are looking forward to the
safe and efficient drilling of the GOL-107 well, which we hope will continue
our successes in the development of our fields."

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended.

 

 

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 / Matthew Chandler

 Arden Partners plc                        Tel: 020 7614 5900
 Ruari McGirr (Corporate Finance)
 Simon Johnson (Corporate Broking)

 Citigate Dewe Rogerson                    Tel: 020 7638 9571
 Ellen Wilton

 

 

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