ADME Adm Energy Plc

TIDMADME

RNS Number : 1156H

ADM Energy PLC

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

25 July 2023

ADM Energy PLC

("ADM" or the "Company")

Result of Annual General Meeting

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed.

Enquiries:

 
ADM Energy plc                             +44 20 7459 4718 
Oliver Andrews, Chairman 
www.admenergyplc.com 
 
Cairn Financial Advisers LLP               +44 20 7213 0880 
(Nominated Adviser) 
Jo Turner, James Caithie 
 
Hybridan LLP                               +44 20 3764 2341 
(Broker) 
Claire Louise Noyce 
 
  ODDO BHF Corporates & Markets AG           +49 69 920540 
(Designated Sponsor) 
Michael B. Thiriot 
 
Gracechurch Group                          +44 20 4582 3500 
(Financial PR) 
Harry Chathli, Alexis Gore, Henry Gamble 
 

About ADM Energy PLC

ADM Energy is a natural resources investing company with oil and gas assets in West Africa and the US. We hold a 9.2% profit interest in the Aje Field, part of OML 113 in Nigeria. We also hold a portfolio of interests in oil and gas projects, the primary focus of which is a 70.0% working interest participation in an initial three well drilling programme to target shallow oil production on the Altoona Lease, in the Midway-Sunset Oilfield, California, the third largest oil field in the US.

We are seeking to build on our existing asset base and target other investment opportunities in the oil and gas sector. Our strategy is to identify and invest in high-impact, near-term producing assets that can deliver significant value. These will be based on 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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July 25, 2023 05:34 ET (09:34 GMT)

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