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.
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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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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