IN BRIEF: Enwell Energy To Appeal Court Ruling Over Ukrainian Licence

Fri, 03rd Jul 2020 18:14

Enwell Energy PLC - oil & gas exploration company - First Instance Court in Ukraine finds granting of Svystunivsko-Chervonolutskyi exploration licence in Ukraine to be irregular, which would mean the licence is invalid. Ruling has not yet come into legal effect as the full decision and written judgement have not yet been delivered by the court. Consequently, the licence currently remains valid. To continue to defend the claims in legal proceedings and appeal against the decision.

Current share price: 12.55 pence

Year-to-date change: down 44%

By Tapan Panchal; tapanpanchal@alliancenews.com

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