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:
| Enwell Energy plc | Tel: 020 3427 3550 |
| Chris Hopkinson, Chairman | |
| Sergii Glazunov, Chief Executive Officer | |
| Bruce Burrows, Finance Director | |
| | |
| Strand Hanson Limited | Tel: 020 7409 3494 |
| Rory Murphy / Matthew Chandler | |
| | |
| Arden Partners plc | Tel: 020 7614 5900 |
| Ruari McGirr (Corporate Finance) | |
| Simon Johnson (Corporate Broking) | |
| | |
| Citigate Dewe Rogerson | Tel: 020 7638 9571 |
| Ellen Wilton | |
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