viewADM Energy PLC

ADM Energy has cash in the bank and reports 'stable production'

ADM Energy PLC's (LON:ADME) CEO Osamede Okhomina tells Proactive London's Andrew Scott operations at its assets in Nigeria remain largely uninterrupted during the current crisis, with production levels remaining stable.

He says they've secured finance for working capital purposes and have agreed a two-month extension for a refundable deposit payment.

Okhomina adds that the board and its joint venture partners are focused on finding ways to mitigate the impact of the oil price reduction.

He says with the drop in oil price, capital expenditure costs have also fallen and as a result their projects remain profitable even at current levels.

Quick facts: ADM Energy PLC

Price: 4.025 GBX

Market: AIM
Market Cap: £2.99 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of ADM Energy PLC named herein, including the promotion by the Company of ADM Energy PLC in any Content on the Site, the Company receives from...



ADM Energy chairman Peter Francis talks secondary listings on Berlin and...

ADM Energy (LON:ADME) chairman Peter Francis speaks to Proactive London's Andrew Scott following the news they've begun trading as secondary listings on the Berlin and Frankfurt Stock Exchanges. He says the move's part of the company's strategy to broaden its shareholder base and channels to...

2 weeks, 5 days ago

2 min read