ADM Energy PLC Initiation of Coverage (9735D)
25 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMADME
RNS Number : 9735D
ADM Energy PLC
25 February 2020
25 February 2020
ADM Energy PLC
("ADM" or the "Company")
Initiation of Coverage
ADM Energy PLC (AIM: ADME), an oil and gas investing company
quoted on AIM, is pleased to announce that Fox-Davies Capital
Limited ("Fox-Davies Capital") has issued an Initiation Report on
the Company (the "Note"). Fox-Davies Capital is joint broker to ADM
and as such the Note should not be considered independent
research.
The Note is available on ADM's website at the following
link:
http://admenergyplc.com/pdfs/initiating_coverage_admenergy.pdf
Enquiries:
ADM Energy plc +44 20 7786 3555
Osamede Okhomina, CEO
Fox-Davies Capital Ltd +44 20 3884 8450
(Lead Broker)
Daniel Fox-Davies, Lionel Therond
Pello Capital Limited +44 20 3700 2500
(Joint Broker)
Dan Gee
Luther Pendragon +44 20 7618 9100
(Financial PR)
Harry Chathli, Alexis Gore, Joe Quinlan
About ADM Energy PLC
ADM Energy (AIM: ADME) is a natural resources investment 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 858km(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.
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, route to early
cash flow and exploration upside.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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