26.05.2022

The cost of natural gas on European hubs (Day-ahead):

TTF – 80.71 EUR/MWh ($911) ((+1.0%)

THE – 80.66 EUR/MWh ($910) ((+1.6%)

CEGH – 85.01 EUR/MWh ($960) (-0.6%)

PEG – 76.94 EUR/MWh ($868) (-0.1%)

The cost of natural gas on European hubs (Futures month June):

TTF – 87.78 EUR/MWh ($992) (+3.8%)

THE – 87.93 EUR/MWh ($993) (+4.0%)

CEGH – 91.23 EUR/MWh ($1031) (+4.0%)

PEG – 80.78 EUR/MWh ($913) (+4.8%)

Smart Energy Group spudded first well at Svystunkivsko-Chervonolutske field

20/08/21

On August 19, 2021, Enwell Energy, a part of Smart Energy, spudded well #4 at Svystunkivsko-Chervonolutske field (Poltava region).

This will be the first drilled well at the field for 25 years. Its target depth is 5,565 m. The company is planning to complete drilling and provide testing in Q3, 2022.

“Thus, besides gas production increase, we are striving for restoration of hydrocarbons production at Svystunkivsko-Chervonolutske field that has not been provided here from 2007”, commented Sergii Glazunov, CEO of Smart Energy Group.

By its geological structure Svystunkivsko-Chervonolutske field is similar to Svyrydivske and Mekhedivsko-Golotovshchinske fields that are 15 km to the east and are operated by another company of the Group. Well #4 is primarily an appraisal well, targeting production from the Visean formation.

Earlier, Smart Energy received Svystunkivsko-Chervonolutske licence via acquisition of Arkona Gas-Energy by its British asset in March, 2020. Last year this company prepared site for drilling the first well at the field, while this year it is doing additional geophysical research, working on arranging all permissions, developing and preparing to construction of production infrastructure at the field.

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