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ADM Energy has 'transformed the company' and 'doubled reserves'

ADM Energy PLC (LON:ADME) CEO Osa Okhomina tells Proactive operations at the Aje field continued largely uninterrupted by COVID-19 and costs were significantly reduced.

Okhomina reflects on a transformative six months which has involved storing oil to ensure the asset remains profitable even at lower oil prices.

He says by doing so they avoided making sales at depressed prices and are now positioned to benefit from any potential increase in oil prices with the hope the global economy continues to re-open.

Quick facts: ADM Energy PLC

Price: 4.85 GBX

AIM:ADME
Market: AIM
Market Cap: £4.75 m
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ADM Energy continues to 'hunt' for deals 'after radical overhaul of management

ADM Energy's (LON:ADME) Osamede Okhomina explains the latest news of appointing Lionel Therond as its new Chief Financial Officer in a non-Board role with immediate effect. Osa says he is now 'liberated as the hunter' now able to go into the market and look for more transactions. He also...

2 weeks, 1 day ago

2 min read