(Alliance News) - Enwell Energy PLC on Friday said its production in Ukraine remained halted during the third quarter of 2025 due to the suspension of three key gas and condensate field licences, while the company continues to pursue legal action against the Ukrainian authorities. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Enwell Energy PLC on Wednesday said it has started legal action against Ukraine after failing to resolve a dispute amicably. Read More
(Alliance News) - Enwell Energy PLC on Friday said it is continuing its legal proceedings to challenge suspension orders in Ukraine, including investigating the possibility of pursuing further interim measures to allow restoration of its operations. Read More
(Alliance News) - Enwell Energy PLC on Friday said the ongoing war in Ukraine continued to have a huge impact on all aspects of life and business in Ukraine, as it posted a lower profit. Read More
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
(Alliance News) - Enwell Energy PLC on Monday said three of its production licences in Ukraine have been suspended as a result of government sanctions, ceasing all operations. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - In 2023, pretax profit more than halves to USD35.2 million from USD73.3 million a year prior. Revenue also falls 53% to USD62.2 million from USD133.4 million primarily as a result of lower production rates and gas prices. Aggregate average daily production of 2,644 barrels of oil equivalent per day falls from 2,956 boepd a year earlier. Declares dividend of 15 pence per share compared with nil a year prior. Explains the Russian invasion of Ukraine in February 2022 has had a significant impact on the group's business and operations and the scale and duration of disruption continues to be difficult to predict. Read More
(Alliance News) - Enwell Energy PLC on Friday reported a drop in its quarterly output as conflict in Ukraine persists, and said its current finance chief will step in as interim chief executive officer. Read More
Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Says that Chris Hopkinson has stepped down as non-executive chair with immediate effect, while Sergei Glazunov has stepped down as chief executive officer and as director of the company. Enwell didn't provide an explanation as to why. Also with immediate effect, Charles Valceschini has been appointed as non-executive chair and Igor Basai has been appointed as a non-executive director. Read More
Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Reports full-year gas production of 11.2 million cubic feet per day in 2023, down from 12.8 MMcf/d in 2022. Condensate production was 386,000 barrels per day, down from 463,000 barrels in 2022. Liquefied Petroleum Gas production reached 379 barrels per day, up from 318 barrels and Aggregate barrels of oil equivalent per day declined to 2,644 in 2023 from 2,956 boepd the year prior. Explains cash resources at December 31 were around USD77.0 million, comprised of USD56.3 million equivalent in Ukrainian Hryvnia and the balance of USD20.7 million equivalent in a combination of USD, GBP and EUR. Read More
(Alliance News) - Enwell Energy PLC on Friday said half-year profit and revenue plunged due to challenges arising from the war in Ukraine, but its shares were restored to trading on AIM after publishing its 2022 annual results last week. Read More
(Alliance News) - Enwell Energy PLC on Thursday said its profit and revenue rose in 2022, but that geopolitical factors make future planning "extremely difficult". Read More