IN BRIEF: Enwell Energy tumbles as licence suspensions reinstated
23rd Jan 2025 20:31
Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Mulls legal options after reinstatement of suspensions of the Mekhediviska-Golotvshinska, Svyrydivske and Vasyschevskoye production licences in Ukraine. This follow's Wednesday's decision by the Second Appeal Administrative Court in Ukraine to cancel one of the previous interim rulings of the Poltava District Administrative Court. Enwell says: "The company is continuing its legal proceedings to challenge the suspension orders, and is consulting with its external legal and other advisers to endeavour to mitigate the risks associated with the regulatory actions of the Ukrainian authorities." Read More