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ADM Energy

Description

ADM Energy plc (AIM:ADME) is a natural resources investing company with an existing asset base in Nigeria. ADM holds a 5% equity investment in the Aje Field, part of OML 113, which covers an area of 835 sq km offshore Nigeria. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.

ADM 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.

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Related news

ADM Energy Provides Vega Oil and Gas Update
24/09/2024
ADM Energy Completes Internal Review of Aje Field Interest
01/12/2023
ADM Energy Announces 17th Cargo Lifting at Aje Field
12/08/2022
ADM Energy announces 2021 full year results
23/06/2022
Oliver Andrews appointed Non-executive Chairman of ADM Energy
29/07/2021
ADM Energy Completes Barracuda Field Transaction
28/04/2021
ADM Energy Announces Investment in Barracuda Oil Field, Nigeria
23/03/2021
ADM finalises deal to consolidate its interest in OML 113, Nigeria
10/12/2020
ADM cooperation agreement with Dubai Bridge will target investment opportunities in Sub-Saharan Africa
21/10/2020
ADM Energy Announces Submission of Bid in Nigeria's 2020 Marginal Field Round
17/09/2020
ADM pre-qualifies in Nigeria's 2020 Marginal Field Bid Round
03/08/2020

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