THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
12 November 2020
ADM Energy PLC
("ADM" or the "Company")
Change of Broker
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce the appointment of Arden Partners plc as Lead Broker to the Company with immediate effect.
Enquiries:
| ADM Energy plc |
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| Osamede Okhomina, CEO |
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| Cairn Financial Advisers LLP |
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| (Nominated Adviser) |
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| Jo Turner, James Caithie |
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| Arden Partners plc |
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| (Lead Broker) |
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| Paul Shackleton, Daniel Gee-Summons |
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| Hybridan LLP |
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| (Joint Broker) |
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| Claire Louise Noyce |
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| Oddo Seydler Bank AG |
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| (Designated Sponsor) |
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| Michael B. Thiriot |
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| Luther Pendragon |
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| (Financial PR) |
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| Harry Chathli, Alexis Gore, Joe Quinlan |
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About ADM Energy PLC
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing 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 835km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest. 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 and route to early cash flow.
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12.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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