ADM Energy PLC Notice of Investor Call (7148T)
March 29 2021 - 01:00AM
UK Regulatory
TIDMADME
RNS Number : 7148T
ADM Energy PLC
29 March 2021
29 March 2021
ADM Energy Plc
("ADM" or the "Company")
Notice of Investor Call
ADM Energy (AIM: ADME; BER and FSE: P4JC), a natural resources
investing company, gives notice that it will host an investor
conference call, via webcast, on Wednesday, 31 March 2021 at 12:00
BST.
The Company's CEO, Osamede Okhomina, will lead the call and give
a presentation on ADM's recent investment in the development of the
Barracuda Oil Field, Nigeria, as announced on 23 March 2021. Mr.
Okhomina will also answer questions from investors in a Q&A
session. The Company will only use publicly available information
for the call.
The investor call is open to all existing and potential
shareholders. Interested parties can register their interest and
pre-submit questions at the following link:
https://admenergyplc.com/investors/register-for-investor-call/
Participants are invited to submit questions in advance by 12:00
BST on 30 March 2021.
Enquiries:
ADM Energy plc +44 20 7459 4718
Osamede Okhomina, CEO
www.admenergyplc.com
Cairn Financial Advisers LLP +44 20 7213 0880
(Nominated Adviser)
Jo Turner, James Caithie
Arden Partners plc +44 20 7614 5900
(Lead Broker)
Paul Shackleton, Dan Gee-Summons
Hybridan LLP +44 20 3764 2341
(Joint Broker)
Claire Louise Noyce
ODDO BHF Corporates & Markets AG +49 69 920540
(Designated Sponsor)
Michael B. Thiriot
Luther Pendragon +44 20 7618 9100
(Financial PR)
Harry Chathli, Alexis Gore, Joe Quinlan
About ADM Energy PLC
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(2) 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 Company has also agreed an investment in the development of
the Barracuda Field, an existing discovery and near-term production
asset in OML 141, which covers 1,295 km2 in the swamp/shallow
waters of the Niger Delta. Four existing wells have been drilled to
date and a fifth is intended to be drilled in Q4 2021.
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 and route to early
cash flow.
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END
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