ADM ENERGY PLC

Board/Management Information • Nov 12, 2020

National Storage Mechanism | Additional information

RNS Number : 1230F

ADM Energy PLC

12 November 2020

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	+44 20 7459 4718
Osamede Okhomina, CEO
www.admenergyplc.com
Cairn Financial Advisers LLP	+44 20 7213 0880
(Nominated Adviser)
Jo Turner, James Caithie
Arden Partners plc	+44 20 7614 5900
(Lead Broker)
Paul Shackleton, Daniel Gee-Summons
Hybridan LLP	+44 20 3764 2341
(Joint Broker)
Claire Louise Noyce
Oddo Seydler Bank AG	+49 69 920540
(Designated Sponsor)
Michael B. Thiriot
Luther Pendragon	+44 20 7618 9100
(Financial PR)
Harry Chathli, Alexis Gore, Joe Quinlan

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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