18 May 2020
ADM Energy PLC
(“ADM” or the “Company”)
Initiation of Research and Notification of Investor Conference Call
ADM Energy PLC (AIM: ADME), an oil and gas investing company quoted on AIM, announces that Align Research Limited (“Align”) has initiated coverage on the Company. Additionally, ADM intends to host an investor meeting via a conference call on 28 May 2020, at 16:00 (BST).
The research note is available from Align’s website: http://www.alignresearch.co.uk/cpt-company/adm-energy/
Notification of Investor Conference Call
The Company announces that on 28 May 2020 at 16:00 (BST) its CEO, Osamede Okhomina and Chairman, Peter Francis, will host an investor meeting, via a conference call, followed by a question and answer session. In the call, the Company will provide an operational overview of the business and the drivers for the industry and ADM.
Interested parties are requested to register their interest in attending using the following link https://forms.gle/mpvC2iYuWwCbwQHc7. Participants are also requested to submit questions in advance by 17:00 (BST) on 27 May 2020. There will be no new material or trading information provided on the day.
Shortly following the conference call, a recording of the meeting will be made available from the Company’s website www.admenergyplc.com.
ADM Energy plc
+44 20 7786 3555
Osamede Okhomina, CEO
Cairn Financial Advisers LLP
+44 20 7213 0880
Jo Turner, James Caithie
Fox-Davies Capital Ltd
+44 20 3884 8450
Daniel Fox-Davies, Lionel Therond
Pello Capital Limited
+44 20 3700 2500
+44 20 7618 9100
Harry Chathli, Alexis Gore, Joe Quinlan
+44 20 3004 9512
(European IR Adviser)
Charles Goodwin, Joe Burgess
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 858km²offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest, which would bring its profit interest to 9.2% on completion. 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.