LONDON, UK: ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company with an existing asset base in Nigeria, has invested in five on-shore US oil leases by way of a Membership Interest Purchase Agreement with OFX Holdings, LLC (formerly Tennessee Black Gold, LLC), a substantial shareholder of the Company. The…
Tag: ADM Energy
ADM Energy extends agreement with Trafigura for conditional financing of up to $120m
LONDON: ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that is has extended for a further 12 months its indicative MOU to enter into a strategic alliance with Trafigura Pte Ltd, a market leader in the global commodities industry. ADM and Trafigura intend to create…
ADM Energy makes strategic alliance with Trafigura to invest in African energy sector
LONDON: ADM Energy Plc has entered into a non-binding memorandum of understanding (MOU) with Trafigura Pte Ltd, a market leader in the global commodities industry whose core business is the physical trading of oil and petroleum products and metals and minerals, to develop investment opportunities in the African energy sector. Under the terms of the…