DGAP-News: ADM Energy PLC: Director Share Purchase
Retrieved on:
Monday, November 16, 2020
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with an existing asset base in Nigeria.
Key Points:
- ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing 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 835km offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest (to be updated).
- Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
- The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.