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IN BRIEF: ADM Energy reports fifteenth cargo lifting at Aje field

Tue, 06th Apr 2021 17:57

ADM Energy PLC - UK-based natural resources investing company - Completes the fifteenth lifting at the Aje field, part of OML 113, offshore Nigeria. The company says the lifting totalled 225,000 barrels with a net share of 27,675 barrels to ADM, which equates to its paying interest of 12%. The proceeds of the lifting will be applied against the project debt, ADM says, significantly reducing the outstanding balance.

Current stock price: 3.90 pence, up 4.0% on Tuesday

Year-to-date change: down 27%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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IN BRIEF: ADM Energy reports fifteenth cargo lifting at Aje field

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