New Website

29 May 2020

Enwell Energy plc
("Enwell" or the "Company")

New Website

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce the launch of its new corporate and investor website, which can be found at www.enwell-energy.com, and reflects the evolution of its business.

Over recent years, Enwell has re-energised itself through a relentless focus on disciplined growth in tandem with excellent operational results, including quadrupling reserves since 2013. Following recent strong financial results, Enwell remains confident of future growth potential.

Enwell's positive outlook is founded on a proven ability to produce in a low price environment, a lack of debt, and the capital it has in place to implement its plans for the next three to five years. With domestic demand for gas in Ukraine forecast to grow along with an improved regulatory and political environment, Enwell believes it has the pillars in place to continue to grow despite challenging global market and economic conditions.

Sergii Glazunov, Chief Executive Officer, commented: "Our new website is a marker of how much progress the Company has made in recent years, and a sign of how we intend to do business in future. We told our shareholders we would communicate more effectively, and the new website features extensive information on our operations and performance.

In recent years we have demonstrated outstanding operational performance, while building a talented and highly experienced team across the business. Today, as we continue to focus relentlessly on efficient and responsible production, we believe many opportunities lie ahead. This is a new era for the Company and the new website demonstrates our confidence in the future."

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