ADM Energy plc announced that Stefan Olivier and Claudio Coltellini have been appointed to the Board of Directors with Stefan Olivier joining as Chief Executive Officer and Claudio Coltellini as Non-executive Director. Manuel Lamboley, Non-executive Director, has resigned from the Board with immediate effect to pursue other opportunities. Claudio Coltellini is an Italian citizen now residing with his family in the state of Florida.

Prior to working in the U.S. onshore oil and gas sector, having graduated with a degree in economics and business, he joined Deutsche Bank where he worked for seven years. He has invested in the U.S. oil and gas sector for approximately 15 years and is CEO of four private U.S. oil and gas companies focused on investment in the states of Texas, California, Kansas and Louisiana. Stefan Olivier is a British citizen with extensive corporate broking and oil and gas experience including as co-founder of MX Oil plc (now ADM Energy plc).

Stefan played a central role in initially securing and financing the participation of the Company in the Aje Field, OML 113 and in securing the support of OFX prior to its initial investment in the Company. He was a founder and Chief Executive Officer at North American Petroleum plc from 2012 until 2017. He has been on the Board of several other public and private companies and brings years of experience of working in natural resources to the Board of the Company.