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.
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 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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ADM Energy appoints new chief financial officer
The new hire will assist the company with its investment and acquisition strategy.
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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
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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”