Arkona Gas-Energy LLC joined Smart Energy Group in March, 2020 British public company Enwell Energy that is a part of Smart Energy Group acquired 100% interest in it. Arkona owns Svystunivsko-Chervonolutske licence and is the operator the field. The licence was granted to the company in May 2017 for 20 years, with possibility of further extension.
The licence covers an area of 97 km2 which is administratively located in the Lokhvytsia and Hadiachi districts of Poltava region in north-eastern Ukraine, only 15 km from another field of Smart Energy Group –Svyrydivske field. The licence is prospective for natural gas and condensate. The field has been the subject of exploration since the 1980s.