Company
ADM Energy PLC
LON:ADME
ADM Energy is a natural resources investing company with an existing multi-asset base in Nigeria. The company holds a 9.2% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria.
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Small Cap Feast - ADM Energy, Oriole Resources, 88 Energy, and more...
02 February 2023*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?
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Small Cap Feast - ADM Energy, Brickability Group, Cambridge Cognition Holdings, and more...
19 October 2022*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?**Ithaca Energy, a UK independen
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Small Cap Feast - ADM Energy, Mosman Oil & Gas, and more...
17 October 2022*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?**World Chess plc, a leading che
ADM Energy raises funds, launches review and seeks new CEO
"The funding has put the company on a stronger financial footing and enables us to focus on assets that produce cash and move ahead as a self-sustaining business on a lower cost base,” said the company's chair Oliver Andrews.
ADM Energy says it made good progress in H1
"We will continue to target projects of undervalued 2P reserves with highly-attractive risk-reward profiles, as we drive forward our strategy of building a multi-asset portfolio."
ADM Energy completes 17th cargo lifting at Aje field in Nigeria
The natural resources investing company’s shares jumped 6.3% to 0.85p on the news
ADM Energy rockets on deal progress at Nigeria's Aje field
ADM Energy holds a 9.2% profit interest in the Aje field in OML 113.
ADM Energy cheers “good year of progress”
"2022 is set to be an important year for the development of Aje"
ADM Energy says Barracuda CPR provides ‘solid foundation’ for continuing review
The independent report will be part of a review ahead of an investment decision in the future
ADM Energy shares up as OML 113 deal moves forward
ADM Energy holds a 9.2% profit interest in the Aje field in OML 113
ADM Energy receives £561,000 from share subscription
The funds will be used for general working capital including business development and due diligence on target assets, appraisals, and technical evaluation
ADM Energy updates on legal proceedings
An interim injunction remains in place as proceedings are adjourned until March.
ADM Energy boosts capital position as it assesses multiple new opportunities
"We have been encouraged by both the quality of the assets in question and the progress of our discussions," said Osamede Okhomina
ADM Energy boosted by crude sale at Aje field
"We are pleased to complete the 16th lifting, the second lifting since raising our stake in the Aje field,” said chief executive Osamede Okhomina.
ADM Energy results point to new foundation for growth
“The dramatic drop in oil prices presented an opportunity to acquire attractive assets at substantially depressed valuations," chief executive Osamede Okhomina said.
ADM Energy appoints Oliver Andrews as chairman
"This is a period of significant change in the natural resources sector, but also one of unprecedented opportunity," said Andrews
ADM Energy says foundations laid for higher production
“This progress puts us in a stronger position to focus our efforts on bringing on new production at Aje and Barracuda"
ADM Energy extends loan, issues warrants
"The extension of the loan agreements further demonstrates the lenders confidence in ADM and our growth prospects," said chief executive Osamede Okhomina
ADM Energy clarifies interest in Barracuda project
Work presently underway could be a springboard to develop the Barracuda field
ADM Energy commissions Xodus Group for new CPR at Barracuda field
The independent review is seen as a 'springboard' for the the planned development of the Barracuda field
Stockbroker eyes ADM Energy upside ahead of Aje and Barracuda programmes
It comes after ADM Energy received £849,501 from a divestment
ADM Energy gets cash injection as it seals profit from Superdielectrics investment
"We are delighted to complete this successful transaction with an excellent return on our investment,” said CEO Osamede Okhomina
ADM Energy clarifies details on new partner DBI
Mr Al Zubair is a US citizen with business interests in the United Arab Emirates and the US.
ADM Energy completes Barracuda acquisition
The company eyes field production of around 4,000 bopd in the near term.
ADM Energy inks collaboration deals for Barracuda field
“These agreements are important steps in ensuring we are ready to deliver on our drilling plans later in the year," said chief executive Osamede Okhomina.
ADM Energy inks collaboration agreement for Barracuda project
"The collaboration agreement with Eunisell, one of Nigeria's leading providers of oil field services and facilities, paves the way to bringing another high-class partner into the ADM fold," said Osamede Okhomina.
ADM Energy PLC says 15th lifting completed at Nigeria’s Aje Field
The investing company will receive a net share of 27,675 barrels, equating to its paying interest of 12.3%
ADM Energy shares tipped for 276% upside as broker assesses Barracuda
The stockbroker rates ADM as a 'buy' with a new 14p price target.
ADM Energy adds Barracuda to growing menu of opportunities
The Aje field has multiple oil, gas and gas condensate reservoirs and it has had five wells drilled to date
ADM Energy closes oversubscribed equity raise to support new Nigeria venture
“With plans to drill a new well in Q4 2021, and multiple additional wells thereafter, the Barracuda field has the potential to come on stream later this year and bring significant increases in production volumes and cashflow," said Osamede
ADM Energy to invest in Nigeria’s Barracuda oil field
The project is located offshore the African country
ADM Energy mulls fundraising, investment in Nigerian discovery
The firm said the fundraise will likely be concluded at a premium to the current share price at the time of this announcement
ADM Energy extends agreement with Trafigura
“This relationship with a multi-billion dollar industry partner gives ADM access to capital to secure and develop projects," said chief executive Osamede Okhomina
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Today's Oil & Gas Update - PetroTal; Helium One
Market Update: Tuesday 12 January 2021 PetroTal (AIM:PTAL): US$100m debt financing package sought, production at Bretana continues to ramp up Helium One (AIM:HE1): Submission of key environmental studies ahead of high impact exploration cam
ADM Energy tipped as a ‘buy’ ahead of Aje field Phase 2
“We expect a busy year for ADM in 2021," said analyst Daniel Slater.
ADM Energy completes acquisition of extra stake in OML 113
"This transaction aligns with our growth strategy and is typical of the type of deal we want to achieve to build value for ADM,” said Peter Francis.
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Today's Oil & Gas Update - Genel Energy; Union Jack Oil; Jersey Oil & Gas and more...
Oil Price News Oil prices have slipped slightly following yesterday’s 1.6% rise in Brent Crude to $48.61/bbl Similarly, WTI closed up 1.8% at $45.71/bbl on the back positive inventory news and continued bullish feeling about the demand outl
ADM Energy appoints new chief financial officer
The new hire will assist the company with its investment and acquisition strategy.
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Today's Oil and Gas Update - Lekoil; Lansdowne Oil & Gas and more...
Market Update: Friday 30 October 2020 Lekoil* (AIM:LEK): Interim results, operational progress despite a challenging backdrop Lansdowne Oil & Gas* (AIM:LOGP: Period of exclusivity extended to next month Impact Oil & Gas (Private) – Further
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Today's Oil and Gas Update - President Energy and Global Petroleum
Market Update: Tuesday 27 October 2020 President Energy (AIM:PPC): Positive results at the EVN-x1 exploration well, Argentina Global Petroleum (AIM:GBP): FY20 results, farm-out remains key
ADM Energy’s ‘legacy’ investment in Superdielectrics boosted by new funding round
“The company is very pleased with the progress of Superdielectrics and its uplift in value," ADM Energy said
ADM Energy forms partnership to develop upstream energy opportunities in Africa
This financing "enables us to acquire stakes not just in producing fields, but also in proven undeveloped oil and gas fields," said CEO Osamede Okhomina
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Today's Oil and Gas Update - Serinus Energy and more...
Energy Prices Brent Oil US$41.7/bbl vs US$40.5/bbl yesterday WTI Oil US$39.4/bbl vs US$40.4bbl yesterday Natural Gas US$2.83/mmbtu vs US$2.89/mmbtu yesterday
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Today's Oil and Gas Update - Serinus Energy and more...
Energy Prices Brent Oil US$41.7/bbl vs US$40.5/bbl yesterday WTI Oil US$39.4/bbl vs US$40.4bbl yesterday Natural Gas US$2.83/mmbtu vs US$2.89/mmbtu yesterday
Archive
Today's Oil and Gas Update - Serinus Energy and more...
Energy Prices Brent Oil US$41.7/bbl vs US$40.5/bbl yesterday WTI Oil US$39.4/bbl vs US$40.4bbl yesterday Natural Gas US$2.83/mmbtu vs US$2.89/mmbtu yesterday
ADM Energy cheers resumption of crude sales
Some 557,091 barrels of crude are now being sold at better prices than otherwise would have been achieved earlier this year
ADM Energy submits bid for new acreage in Nigeria
“This bid round - the first since 2003 - is significant as the fields now available will shape the future of oil production in the country for many years to come," said chief executive Osamede Okhomina
ADM Energy raises £672,500 as OML 113 stake deal advances
“The Aje Field gives us access to reliable oil production, which is estimated to be able to triple next year with further successful drilling," said chief executive Osamede Okhomina
ADM Energy and local partner qualify for Nigeria's marginal oilfield bid round
“The bid round is a tremendous opportunity to invest into an undervalued, near-term production asset during an unprecedented low oil price environment,” said CEO Osamede Okhomina
ADM Energy appoints REYL Group to support its development and financing of energy projects in Nigeria and West Africa
REYL Group is a Geneva-based banking group that manages assets in excess of 13.5 billion Swiss francs
ADM Energy appoints a former UK Government Minister for Africa as a non-executive director
In a distinguished Parliamentary career of almost 40 years, Sir Henry Bellingham held a number of other senior positions including Foreign Office Minister for The UN, Caribbean, Overseas Territories and Conflict Issues
ADM Energy up as it appoints influential German industry investor Dr Stefan Liebing to its board
Liebing is the chairman of Afrika-Verein der deutschen Wirtschaft e.V., the prestigious German-African Business Association, where, as part of his role, he advises the German Government on investment in Africa
ADM Energy appoints industry veterans to technical team
“Once more, we are adding seasoned professionals with major IOC backgrounds and experience working on some of the most prominent field development projects," said chief executive Osamede Okhomina.
ADM Energy says it is well positioned to take advantage of the recovery
“Furthermore, as upstream majors continue to seek exit strategies in West Africa, greater opportunities are emerging at low and attractive valuations, even more so in the current macro environment”
ADM Energy says it has sufficient funds for rest of 2020 as cost-cuts are agreed in Nigeria
“To steer ADM through the current low oil price environment, we have taken appropriate measures with a significant cost reduction plan, both at a corporate level and on the asset side," said chief executive, Osamede Okhomina
ADM Energy set to see substantial surge in production - research firm says
ADM is at an important stage in its development according to research firm Align.
ADM Energy to pay deposit as move to increase stake in OML 113 asset in Nigeria advances
The group is to pay a US$250,000 deposit, in cash and shares, for its previously announced acquisition of an additional 2.25% interest in OML 113
ADM Energy says Nigeria operations remain largely uninterrupted, production is stable
"ADM has positioned itself to better withstand current market volatility and still pursue its core investment strategy," said chief executive Osamede Okhomina
ADM Energy strikes deal to increase stake in Aje field
It is the first transaction under the leadership of new chief executive Osamede Okhomina.
ADM Energy agrees project-originating deal with Trafigura
For any projects that Trafigura gives the green light, the Singapore-headquartered trader will then provide ADM with pre-financing of up to US$100mln to acquire or develop the assets
ADM Energy lays out acquisitive strategy for “aggressive growth” in Nigeria's oil industry
ADM wants to build upon its 5% stake in the Aje field - which was impacted by downtime in 2019 - with new Nigerian management leading an acquisitive strategy
ADM Energy completes second phase of funding round
ADM raised £283,000 earlier in the month and intends to raise a further £150,000 for a total funding round of £562,000.
ADM Energy shares rise as new partner enters OML 113 asset
ADM boss Osamede Okhomina described the transaction between third-parties as a "strong endorsment" of the Nigerian asset and its viability.