Energy Producers
By Josh White
Date: Thursday 23 Sep 2021
LONDON (ShareCast) - (Sharecast News) - Oil and gas exploration and production company Enwell Energy announced the spudding of the SV-31 well at its Svyrydivske (SV) gas and condensate field in Ukraine on Thursday.
The AIM-traded firm said the SV-31 well had now been spudded, with a target depth of 5,250 metres.
Drilling operations were scheduled to be completed by the end of the first quarter of 2022, and, subject to successful testing, production hook-up was scheduled during the second quarter after that.
The well was described as a development well, targeting production from the V-21 and V-22 horizons in the Visean formation, which had demonstrated good productivity in an existing nearby well.
"We are looking forward to the safe and efficient drilling of the SV-31 well, which we hope will continue our successes in the development of our fields," said chief executive officer Sergii Glazunov.
At 1526 BST, shares in Enwell Energy were up 1.41% at 36p.
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Currency | UK Pounds |
Share Price | 16.98p |
Change Today | -0.28p |
% Change | -1.59 % |
52 Week High | 31.00 |
52 Week Low | 12.13 |
Volume | 44,160 |
Shares Issued | 320.64m |
Market Cap | £54.43m |
RiskGrade | 306 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Interim | Interim | |
Ex-Div | 01-Jun-23 | n/a |
Paid | 15-Jun-23 | n/a |
Amount | 15.00p | 0.000¢ |
Time | Volume / Share Price |
11:11 | 399 @ 16.55p |
10:06 | 27 @ 17.99p |
09:57 | 5,400 @ 17.93p |
09:54 | 219 @ 16.85p |
09:54 | 10,000 @ 16.80p |
Finance Director | Bruce James Burrows |
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