Adm Energy Share News (ADME)

ADM Energy raises USD725,000; CEO Osa Okhomina to step down

(Alliance News) - ADM Energy PLC shares jumped on Monday after it said it has raised around GBP725,000 through a subscription and loan, and announced that its Chief Executive Osa Okhomina plans to step down.

IN BRIEF: ADM Energy shares down on interim revenue fall

ADM Energy PLC - London-based natural resource investor - Reports a 24% fall in revenue to GBP600,000 for the six months ended June 30, from GBP785,000 a year ago. Pretax loss, however, narrows to GBP834,000 from GBP1.5 million, as administrative expenses fall to GBP897,000 from GBP1.2 million a year ago. Operating expenses decline by 52% to GBP530,000 from GBP1.1 million a year ago.

ADM Energy confirms 17th lifting from Aje Field

(Sharecast News) - Natural resources investor ADM Energy announced the completion of the 17th lifting at the Aje Field on Friday, which is part of the OML 113 licence, offshore Nigeria.

IN BRIEF: ADM Energy looks to increase Aje production after lifting

ADM Energy PLC - London-based natural resource investor - Completes 17th lifting at the Aje field, which is part of OML 113 licence offshore Nigeria. Notes 94,187 barrels lifted from storage at field, with net share of 8,683 barrels to ADM, which holds a 9.2% profit interest.

UK shareholder meetings calendar - next 7 days

IN BRIEF: ADM Energy shares surge as Panoro and PetroNor complete sale

ADM Energy PLC - London-based natural resource investor - Notes Panoro Energy ASA completed the sale of its entire stake in OML 113 to PetroNor E&P Ltd. Says PetroNor bought Panoro's interest with an upfront payment of USD10 million and a contingent payment of USD16.7 million based on future gas production volumes.

TRADING UPDATES: Capital wins contracts; 4D pharma pauses enrolment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News:

AIM WINNERS & LOSERS: Itaconix rises on record revenue performance

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

ADM Energy notes Barracuda legal case delayed till November

(Alliance News) - ADM Energy PLC on Friday said the Federal High Court of Nigeria has further adjourned legal proceedings over its Barracuda oil field until November 16.

IN BRIEF: ADM Energy narrows loss in 2021 as revenue doubles

ADM Energy PLC - London-based natural resource investor - Reports lower loss in 2021 as revenue doubles. Pretax loss narrows to GBP2.5 million from GBP6.9 million in 2020. Revenue jumps to GBP1.8 million from GBP799,000 in 2020. Firm does not proposes a dividend, unchanged from 2020. Cites Aje Field in Nigeria as good investment: "2021 was a good year of progress for ADM Energy. It was our first full year since almost doubling our interest in the Aje Field which helped achieve a significant increase in revenues over the previous year," it explains.

IN BRIEF: ADM Energy notes Barracuda legal case delayed till late June

ADM Energy PLC - London-based natural resource investor - Federal High Court of Nigeria further adjourns legal proceedings over its Barracuda oil field until June 30. Back in December, ADM and KOHN (UK) Ltd were granted an interim injunction against Noble Hill-Network Ltd, preventing the company or any associated person from "selling, disposing, divesting or tampering with" KOHN's 70% shareholding interest in NHNL to any third-party investors. NHNL challenged the order, but this was rejected by the court, ADM says.

IN BRIEF: ADM Energy notes completed CPR for Barracuda prospect

ADM Energy PLC - London-based natural resource investor - Company and Xodus has completed its Competent Persons Report on the Barracuda prospect in OML141, offshore Nigeria.

IN BRIEF: ADM Energy notes Barracuda legal case delayed till early May

ADM Energy PLC - London-based natural resource investor - Federal High Court of Nigeria adjourns legal proceedings over its Barracuda oil field further until May 5.

IN BRIEF: ADM Energy raises GBP561,000 through subscription

IN BRIEF: ADM Energy raises GBP561,000 through subscription

ADM share price falls as Barracuda legal case delayed until March

ADM share price falls as Barracuda legal case delayed until March