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Arkona Acquisition – Legal Dispute Update – Supreme Court Appeal Result

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, provides an update on the Ukrainian legal proceedings relating to the Svystunivsko-Chervonolutskyi exploration licence (the “Licence”) in Ukraine, which is held by LLC Arkona Gas-Energy (“Arkona”), and which was acquired by Enwell in March 2020 (see announcement dated 24 March 2020).

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