Business
Initiation of Coverage
Initiation of Coverage.
About this update from Adm Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 9735D\n ADM Energy PLC\n 25 February 2020\n \n \n \n \n \n \n \n 25 February 2020\n \n \n \n \n \n ADM Energy PLC \n \n \n (\"ADM\" or the \"Company\") \n \n \n \n \n \n Initiation of Coverage\n \n \n \n \n \n ADM Energy PLC (AIM: ADME), an oil and gas investing company quoted on AIM, is pleased to announce that Fox-Davies Capital Limited (\"Fox-Davies Capital\") has issued an Initiation Report on the Company (the \"Note\"). Fox-Davies Capital is joint broker to ADM and as such the Note should not be considered independent research. \n \n \n \n \n \n The \n Note is available on ADM's website at the following link: \n \n \n \n \n http://admenergyplc.com/pdfs/initiating_coverage_admenergy.pdf\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n ADM Energy plc \n \n \n \n \n +44 20 7786 3555\n \n \n \n \n \n \n Osamede Okhomina, CEO\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Fox-Davies Capital Ltd\n \n \n \n \n +44 20 3884 8450\n \n \n \n \n \n \n (Lead Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Daniel Fox-Davies, Lionel Therond\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Pello Capital Limited\n \n \n \n \n +44 20 3700 2500 \n \n \n \n \n \n \n (Joint Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Dan Gee \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Luther Pendragon\n \n \n \n \n +44 20 7618 9100 \n \n \n \n \n \n \n (Financial PR)\n \n \n Harry Chathli, Alexis Gore, Joe Quinlan\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About ADM Energy PLC\n \n \n \n \n \n ADM Energy (AIM: ADME) is a natural resources investment 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 858km² offshore Nigeria. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.\n \n \n \n \n \n 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 reserve...