ADM Energy PLC (AIM:ADME, ETR:P4JC) chief executive Osamede Okhomina sits down with Proactive London to discuss the findings of its competent persons' report for the Barracuda Prospect offshore Nigeria.
The report helped shine a light and in some cases, de-risk certain elements of the asset.
Based on a netback model, Okhomina hopes for a US$2.35 return for every dollar invested into the prospect.