EQS-News: ADM Energy PLC: Half-yearly Results
In May 2023, ADM acquired Blade V from OFX Holdings LLC (Formerly TN Black Gold, LLC ("OFX") for a total maximum consideration of US$1,614,000.
- In May 2023, ADM acquired Blade V from OFX Holdings LLC (Formerly TN Black Gold, LLC ("OFX") for a total maximum consideration of US$1,614,000.
- The Altoona Lease is a unique opportunity for ADM to benefit from substantial investment and de-risking of the target opportunities by a major company.
- Stefan has extensive experience in the oil and gas sector, including as the co-founder of MX Oil plc, now ADM Energy.
- These assets offer an exciting opportunity to add value, as well as diversifying the ADM portfolio.