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Pin to quick picksAdm Energy Share News (ADME)

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IN BRIEF: ADM Energy shareholder requisitions meeting for board change

Tue, 14th Dec 2021 21:12

ADM Energy PLC - London-based natural resources investing company - Receives letter on behalf of shareholders which hold in excess of 5% to requisition a general meeting calling for the removal of CEO Osemede Okhomina, COO Richard Carter, Non-Executive Chair Oliver Andrews and Richard Jennings as directors with immediate effect.

ADM Energy has considered the documentation as valid, and within 21 days will post a circular to convene the general meeting

Current stock price: 1.00 pence, down 9.1% on Tuesday

Year-to-date change: down 81%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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17 Oct 2022 12:17

ADM Energy raises USD725,000; CEO Osa Okhomina to step down

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29 Sep 2022 12:17

IN BRIEF: ADM Energy shares down on interim revenue fall

ADM Energy PLC - London-based natural resource investor - Reports a 24% fall in revenue to GBP600,000 for the six months ended June 30, from GBP785,000 a year ago. Pretax loss, however, narrows to GBP834,000 from GBP1.5 million, as administrative expenses fall to GBP897,000 from GBP1.2 million a year ago. Operating expenses decline by 52% to GBP530,000 from GBP1.1 million a year ago.

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12 Aug 2022 12:43

ADM Energy confirms 17th lifting from Aje Field

(Sharecast News) - Natural resources investor ADM Energy announced the completion of the 17th lifting at the Aje Field on Friday, which is part of the OML 113 licence, offshore Nigeria.

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12 Aug 2022 09:47

IN BRIEF: ADM Energy looks to increase Aje production after lifting

ADM Energy PLC - London-based natural resource investor - Completes 17th lifting at the Aje field, which is part of OML 113 licence offshore Nigeria. Notes 94,187 barrels lifted from storage at field, with net share of 8,683 barrels to ADM, which holds a 9.2% profit interest.

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13 Jul 2022 16:12

UK shareholder meetings calendar - next 7 days

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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13 Jul 2022 13:59

IN BRIEF: ADM Energy shares surge as Panoro and PetroNor complete sale

ADM Energy PLC - London-based natural resource investor - Notes Panoro Energy ASA completed the sale of its entire stake in OML 113 to PetroNor E&P Ltd. Says PetroNor bought Panoro's interest with an upfront payment of USD10 million and a contingent payment of USD16.7 million based on future gas production volumes.

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ADM Energy notes Barracuda legal case delayed till November

(Alliance News) - ADM Energy PLC on Friday said the Federal High Court of Nigeria has further adjourned legal proceedings over its Barracuda oil field until November 16.

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23 Jun 2022 11:02

IN BRIEF: ADM Energy narrows loss in 2021 as revenue doubles

ADM Energy PLC - London-based natural resource investor - Reports lower loss in 2021 as revenue doubles. Pretax loss narrows to GBP2.5 million from GBP6.9 million in 2020. Revenue jumps to GBP1.8 million from GBP799,000 in 2020. Firm does not proposes a dividend, unchanged from 2020. Cites Aje Field in Nigeria as good investment: "2021 was a good year of progress for ADM Energy. It was our first full year since almost doubling our interest in the Aje Field which helped achieve a significant increase in revenues over the previous year," it explains.

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