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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  ADM Energy plc    MXO   GB00BJFDXW97

ADM ENERGY PLC

(MXO)
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PRESS RELEASE: ADM Energy PLC: ADM extends agreement with Trafigura

02/18/2021 | 09:31am EST
DGAP-News: ADM Energy PLC / Key word(s): Agreement 
ADM Energy PLC: ADM extends agreement with Trafigura 
2021-02-18 / 15:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
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. 
18 February 2021 
ADM Energy PLC 
("ADM" or the "Company") 
Statement re. share price movement 
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, notes the recent movement in the 
Company's share price. 
The Company confirms that it was in discussions with its shareholders, funding partners and prospective and new 
investors in connection with a possible equity fundraising, including via a placing, and investment opportunity in an 
existing discovery in Nigeria. The Company further confirms that it has terminated the discussions in respect of the 
placing but remains in discussion with one of its funding partners and certain other potential investors in respect of 
a possible subscription ("Fundraise"). The Directors expect that, should the Fundraise proceed, for which there can be 
no certainty, the Fundraise will likely be concluded at a premium to the current share price at the time of this 
announcement and it is the intention of the Directors to participate in the Fundraise. 
The Company is continuing discussions in respect of the investment opportunity which are at an advanced stage, however, 
there is also no certainty that the investment will be made. 
Completion of the investment opportunity is not conditional on the Fundraise but it is expected that any proceeds from 
the Fundraise would be put towards the investment opportunity and provide the Company with additional working capital. 
A further update will be provided in due course. 
 
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, Dan 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 9.2% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria. 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. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. -----------------------------------------------------------------------------------------------------------------------

2021-02-18 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      ADM Energy PLC 
              60 Gracechurch street 
              EC3V 0HR London 
              United Kingdom 
Phone:        +44 (0)2077863555 
E-mail:       hello@admenergyplc.com 
Internet:     www.admenergyplc.com 
ISIN:         GB00BJFDXW97 
WKN:          A2PLC1 
Listed:       Foreign Exchange(s) London 
EQS News ID:  1169510 
 
End of News   DGAP News Service 
=------------ 

1169510 2021-02-18

(END) Dow Jones Newswires

February 18, 2021 09:31 ET (14:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ADM ENERGY PLC 0.00%End-of-day quote.0.00%
ARDEN PARTNERS PLC 0.00% 11.5 Delayed Quote.0.00%
LONDON BRENT OIL -3.46% 67.98 Delayed Quote.29.98%
PENDRAGON PLC 5.16% 16.72 Delayed Quote.21.37%
WTI -3.47% 64.78 Delayed Quote.33.26%
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Financials
Sales 2020 1,20 M 1,66 M 1,66 M
Net income 2020 -1,60 M -2,21 M -2,21 M
Net Debt 2020 0,60 M 0,83 M 0,83 M
P/E ratio 2020 -2,13x
Yield 2020 -
Capitalization 4,97 M 6,87 M 6,87 M
EV / Sales 2020 4,64x
EV / Sales 2021 7,12x
Nbr of Employees 5
Free-Float 55,4%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 10,00 GBX
Last Close Price 4,05 GBX
Spread / Highest target 147%
Spread / Average Target 147%
Spread / Lowest Target 147%
EPS Revisions
Managers and Directors
NameTitle
Osamede Okhomina Chief Executive Officer & Director
Ahmed Bin Dalmook Al Maktoum President
Lionel Therond Chief Financial Officer
Peter Francis Non-Executive Chairman
Richard James Carter Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
ADM ENERGY PLC0.00%7
CONOCOPHILLIPS45.89%79 035
CNOOC LIMITED29.67%53 535
EOG RESOURCES, INC.49.55%43 522
CANADIAN NATURAL RESOURCES LIMITED28.41%36 695
PIONEER NATURAL RESOURCES COMPANY43.64%35 430