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ADM Energy PLC - Result of AGM

RNS Number : 4933U
ADM Energy PLC
29 July 2020
 

29 July 2020

 

ADM Energy PLC 

("ADM" or the "Company") 

 

Result of Annual General Meeting

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed.

 

 

Enquiries:

 

ADM Energy plc

+44 20 7786 3555

Osamede Okhomina, CEO


www.admenergyplc.com




Cairn Financial Advisers LLP

+44 20 7213 0880

(Nominated Adviser)


Jo Turner, James Caithie




Hybridan LLP

+44 20 3764 2341

(Lead Broker)


Claire Louise Noyce




Pello Capital Limited

+44 20 3700 2500

(Joint Broker)


Dan Gee




Oddo Seydler Bank AG    

+49 69 920540

(Designated Sponsor)


Michael B. Thiriot




Luther Pendragon

+44 20 7618 9100 

(Financial PR)


Harry Chathli, Alexis Gore, Joe Quinlan


 

 

About ADM Energy PLC

 

ADM Energy (AIM:ADME) is a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 5% profit interest in the Aje Field, part of OML 113, which covers an area of 858km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.

 

ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure, route to early cash flow and exploration upside.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: ADM Energy PLC

Price: 5.205

Market: AIM
Market Cap: £5.1 m
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