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Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - In 2023, pretax profit more than halves to $35.2 million from $73.3 million a year prior. Revenue also falls 53% to $62.2 million from $133.4 million primarily as a result of lower production rates and gas prices. Aggregate average daily production of 2,644 barrels of oil equivalent per day falls from 2,956 boepd a year earlier. Declares dividend of 15 pence per share compared with nil a year prior. Explains the Russian invasion of Ukraine in February 2022 has had a significant impact on the group’s business and operations and the scale and duration of disruption continues to be difficult to predict. Current stock price: 17.05 pence 12-month change: up 32% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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