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| Date | 20 Dec 2022 |
| Time | 07:02:01 |
| Category | Corporate updates |
| ID | 2423K |
20 December 2022
Enwell Energy plc
("Enwell" or the "Company")
Spud of GOL-107 Well
Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce the spudding of the GOL-107 well at its Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine.
The GOL-107 well is a development well and has a target depth of 5,190 metres. Drilling operations are scheduled to be completed by the end of the third quarter of 2023, and, subject to successful testing, production hook-up is scheduled during the fourth quarter of 2023. The well is targeting production from the V-20 and V-23 horizons in the Visean formation.
Sergii Glazunov, Chief Executive Officer, said: "We are looking forward to the safe and efficient drilling of the GOL-107 well, which we hope will continue our successes in the development of our fields."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
For further information, please contact:
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Enwell Energy plc |
Tel: 020 3427 3550 |
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Chris Hopkinson, Chairman |
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Sergii Glazunov, Chief Executive Officer |
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Bruce Burrows, Finance Director |
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Strand Hanson Limited |
Tel: 020 7409 3494 |
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Rory Murphy / Matthew Chandler |
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Arden Partners plc |
Tel: 020 7614 5900 |
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Ruari McGirr (Corporate Finance) |
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Simon Johnson (Corporate Broking) |
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Citigate Dewe Rogerson |
Tel: 020 7638 9571 |
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Ellen Wilton |
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