Research Initiation and Investor Conference Call

RNS Number : 1231N

ADM Energy PLC

18 May 2020

 

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).

Align Research

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 .

Enquiries:

ADM Energy plc	[phone]
Osamede Okhomina, CEO
Cairn Financial Advisers LLP	[phone]
(Nominated Adviser)
Jo Turner, James Caithie
Fox-Davies Capital Ltd	[phone]
(Lead Broker)
Daniel Fox-Davies, Lionel Therond
Pello Capital Limited	[phone]
(Joint Broker)
Dan Gee
Luther Pendragon	[phone]
(Financial PR) Harry Chathli, Alexis Gore, Joe Quinlan
Yellow Jersey	[phone]
(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.

 

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