REG - Enwell Energy PLC - Spud of SV-31 Well

Enwell EnergyAnnouncement

23/09/2021 10:55

RNS Number : 7728M
  
Enwell Energy PLC
  
23 September 2021
  
 

23 September 2021
 
Enwell Energy plc
("Enwell" or the "Company")
 
Spud of SV-31 Well
 
Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce the spudding of the SV-31 well at its Svyrydivske (SV) gas and condensate field in Ukraine.
 
The SV-31 well has now been spudded and has a target depth of 5,250 metres. Drilling operations are scheduled to be completed by the end of the first quarter of 2022, and, subject to successful testing, production hook-up is scheduled during the second quarter of 2022. The well is a development well, targeting production from the V-21 and V-22 horizons in the Visean formation, which have demonstrated good productivity in an existing nearby well.
 
Sergii Glazunov, Chief Executive Officer, said: "We are looking forward to the safe and efficient drilling of the SV-31 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.
 
For further information, please contact:
 



Regal Petroleum 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 / Elliot Mustoe (Corporate Finance)








Simon Johnson (Corporate Broking)


















Citigate Dewe Rogerson


Tel: 020 7638 9571




Elizabeth Kittle







 
Dmitry Sazonenko, MSc Geology, MSc Petroleum Engineering, Member of AAPG, SPE and EAGE, Director of the Company, has reviewed and approved the technical information contained within this press release in his capacity as a qualified person, as required under the AIM Rules.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCKXLBLFKLEBBB