Formal proof

EQS-News: ADM Energy PLC: Further re: Barracuda and Interim Injunction

Retrieved on: 
Thursday, February 2, 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018).

Key Points: 
  • THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018).
  • UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
  • ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural-resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil field.
  • The interim injunction continues to stand in the meantime and a further update will be made in due course.

EQS-News: ADM Energy PLC: Further re: Barracuda and Interim Injunction

Retrieved on: 
Sunday, November 27, 2022

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 9.2% profit interest in the oil producing Aje Field, part of OML 113, which covers an area of 835km offshore Nigeria.
  • Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
  • RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

EQS-News: Subscription Update and Issue of Equity

Retrieved on: 
Friday, October 28, 2022

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Key Points: 
  • UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
  • As per the terms of the subscription agreement, the Company has raised 500,000 net through the issue of 41,666,667 new ordinary shares ("Subscription Shares") to Tennessee Black Gold at a subscription price of 1.2 pence per share, which will represent 14.0% per cent of the Company's enlarged issued share capital on Admission (defined below).
  • The Company is continuing the recruitment process for a new CEO and will update the market in due course.
  • It is expected that Admission of the Subscription Shares will become effective and that dealings will commence at 08.00 am on or around 4 November 2022.

EQS-News: ADM Energy PLC: Director's Dealing

Retrieved on: 
Saturday, October 22, 2022

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 9.2% profit interest in the oil producing Aje Field, part of OML 113, which covers an area of 835km offshore Nigeria.
  • 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.

EQS-News: ADM Energy PLC: Fundraising and Directorate Changes

Retrieved on: 
Saturday, October 22, 2022

Of the subscription proceeds, 100,000 has been remitted with the balance of 400,000 due by 28 October 2022.

Key Points: 
  • Of the subscription proceeds, 100,000 has been remitted with the balance of 400,000 due by 28 October 2022.
  • Oliver Andrews, Chairman of ADM Energy plc, said: "We are pleased to announce the closing of this funding round at 1.2p per new Ordinary shares.
  • "On behalf of ADM, I would like to thank Osa for his contribution to the Company and his years of dedicated service.
  • We have started our search for a new Chief Executive Officer and will update the market in due course."

EQS-News: ADM Energy PLC: Interim Results

Retrieved on: 
Thursday, September 29, 2022

ADM Energy plc (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces its interim results for the six months ended 30 June 2022.

Key Points: 
  • ADM Energy plc (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces its interim results for the six months ended 30 June 2022.
  • The Company entered into settlement talks with Noble Hill-Network Limited ("NHNL")
    Osamede Okhomina, CEO of ADM Energy, said: We made good progress in the first half of 2022.
  • We are also looking in areas of renewable energy where there are opportunities to add value to our portfolio.
  • We hope to capitalise on the upcoming prospects that can take ADM Energy to the next phase of its development and growth.

DGAP-News: ADM Energy PLC: 17th Cargo Lifting at Aje Field

Retrieved on: 
Friday, August 12, 2022

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce the completion of the 17th Lifting ("Lifting") at the Aje Field, part of OML 113 offshore Nigeria.

Key Points: 
  • ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce the completion of the 17th Lifting ("Lifting") at the Aje Field, part of OML 113 offshore Nigeria.
  • The proceeds of the Lifting will be used to continue work on the development plans for the Aje field with the JV Partners.
  • Osamede Okhomina, CEO of ADM Energy plc, said: "This is the third Lifting since we nearly doubled our interest in the Aje Field and it comes at an exciting time for the asset.
  • ADM Energy holds a 9.2% profit interest in the Aje Field, and this is the third lifting since the Company finalised an agreement in December 2020 to consolidate its interest in the asset.

DGAP-News: ADM Energy PLC: PetroNor acquires Aje interests from Panoro

Retrieved on: 
Wednesday, July 13, 2022

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, notes the announcement today that Panoro Energy ASA ("Panoro") (OSE Ticker: PEN) has completed the sale of 100% of its ownership in OML 113 to PetroNor E&P Limited ("PetroNor") (OSE Ticker: PNOR).

Key Points: 
  • ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, notes the announcement today that Panoro Energy ASA ("Panoro") (OSE Ticker: PEN) has completed the sale of 100% of its ownership in OML 113 to PetroNor E&P Limited ("PetroNor") (OSE Ticker: PNOR).
  • In an announcement from PetroNor on 13 July 2022, interim CEO Jen Pace, stated: "We are pleased to confirm that this long-awaited transaction with Panoro has now been completed.
  • With the establishment of Aje Production, YFP and PetroNor will form a dynamic and effective licence partnership to lead the redevelopment of the Aje field."
  • ADM Energy holds a 9.2% profit interest in the Aje field in OML 113, which covers an area of 835km2 offshore Nigeria.

DGAP-News: ADM Energy PLC: Further re: Barracuda and Interim Injunction

Retrieved on: 
Friday, July 1, 2022

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Key Points: 
  • UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
  • ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil field.
  • If no agreement can be reached that will satisfy the Company's demands, ADM will await the Court's final determination of the suit.
  • The interim injunction continues to stand in the meantime and a further update will be made in due course.

DGAP-News: ADM Energy PLC: Notice of AGM and Publication of Annual Report

Retrieved on: 
Monday, June 27, 2022

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 9.2% profit interest in the oil producing Aje Field, part of OML 113, which covers an area of 835km offshore Nigeria.
  • Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
  • RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.