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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
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Company Profile
ADM Energy PLC is a United Kingdom-based natural resources investing company. The Company invests across West Africa in the oil and gas sector. The Company holds an interest in the Aje Field. The Aje Field on OML 113 covers an area of approximately 835 square kilometers offshore Nigeria close to the Benin border. The Aje Field is an oil producing asset, which is rich in gas and condensate reserves in the Turonian, Cenomanian and Albian sandstones. It is located approximately 24 kilometers offshore Lagos. Its Barracuda Field sits in the northwest part of OML 141, an Oil Mining License area covering approximately 1,295 square kilometers in the swamp/shallow waters of the Niger Delta in Nigeria. The Company’s subsidiary is ADM 113 Limited.
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