Ukraine-focused Enwell Energy up 10% on favourable court verdict

Enwell Energy

03/03/2023 09:43

** Shares of Ukraine focused oil and gas explorer Enwell
Energy Plc  ENWE.L  rise as much as 9.7% at 20.9p, highest in
almost three months  
    ** Co says Supreme Court of Ukraine issued order validating
production licence for co's Vasyschevskoye gas and condensate
field in Ukraine
    ** Court says order by State Service of Geology and Subsoil
that suspended license not justified and should be cancelled
    ** ENWE says it received Feb. 23 court order on March 2
    ** If gains hold, co set to post fifth consecutive session
of gains
    ** As of last close, stock up 17.4% YTD




 (Reporting by Hani Kollathodi)
 ((Hani.Kollathodi@thomsonreuters.com;))