28 Apr 2020 07:00
28 April 2020
ADM Energy PLC
("ADM" or the "Company")
Change of Registered Office
ADM Energy PLC (AIM: ADME), an oil and gas investment company quoted on AIM, announces that its registered office has changed to 60 Gracechurch Street, London, EC3V 0HR with immediate effect.
Enquiries:
ADM Energy plc | +44 20 7786 3555 |
Osamede Okhomina, CEO | |
www.admenergyplc.com | |
Cairn Financial Advisers LLP | +44 20 7213 0880 |
(Nominated Adviser) | |
Jo Turner, James Caithie | |
Fox-Davies Capital Ltd | +44 20 3884 8450 |
(Lead Broker) | |
Daniel Fox-Davies, Lionel Therond | |
Pello Capital Limited | +44 20 3700 2500 |
(Joint Broker) | |
Dan Gee | |
Luther Pendragon | +44 20 7618 9100 |
(Financial PR) Harry Chathli, Alexis Gore, Joe Quinlan |
About ADM Energy PLC
ADM Energy (AIM:ADME) is a natural resources investment company with an existing asset base in Nigeria. ADM Energy holds a 5% profit interest in the Aje Field, part of OML 113, which covers an area of 858km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure, route to early cash flow and exploration upside.