Enwell Energy, the AIM-quoted oil and gas exploration and production group, has announced that the State Geologic and Subsoil Survey of Ukraine (the 'SGSS') has issued orders to cancel the suspensions of the Company's Vasyschevskoye ('VAS') production licence and Svystunivsko-Chervonolutskyi ('SC') exploration licence in Ukraine.
As announced on 4 May 2023, the SGSS made orders suspending each of the VAS production licence and SC exploration licence for a period of 5 years effective from 4 May 2023. As a result, the Company ceased all operational activities at those licences.
On 26 June 2024, the SGSS made further orders to renew the validity of each of the VAS production licence and SC exploration licence, thereby cancelling the suspensions of such licences. The further orders come into effect immediately. Accordingly, the Company is now able to resume operational activities at such licences.
Source: Enwell Energy
