Adm Energy Investors - ADME

Adm Energy Investors - ADME

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Stock Name Stock Symbol Market Stock Type
Adm Energy Plc ADME London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.75 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.75 0.75 0.75 0.75 0.75
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Posted at 06/9/2022 07:20 by terminator101
They could get some death spiral finance to keep paying OSA and the lads. Dress it up with a healthy dose of waffle about bridging them to the big news, use the boiler room to tell tall tales of a cornerstone investor or of game changing marginal field investments? However it seems that a drop of 15% dosen’t warrant a speeding ticket these days. What would they say anyway? “We note the plunge in the share price and are surprised that anyone is even thinking about buying this lifestyle pish”.
Posted at 21/8/2022 22:10 by terminator101
As spikeyJ point out, AJE field is declining at an alarming rate, down from 557k barrels to 94k barrels in a little under 2 years. Not that it matters of course as 100% of any proceeds go direct to servicing the project debt. So oil running out. Potential costs for AJE increasing No marginal fields No strategic investors But at least you have OSA and the lads sucking out £200,000 a month for their amazing expertises. The dream team no less. 12 Aug 22 The Lifting totalled 94,187 barrels with a net share of 8,683 barrels to ADM, which equates to ADM's profit interest of approximately 9.2%. 12 Oct 21 The Lifting totalled 232,379 barrels with a net share of 21,424 barrels to ADM, which equates to ADM's profit interest of approximately 9.2%. 15 April 21 The Lifting totalled 225,000 barrels (52,000 barrels were left in the tank) with a net share of 27,675 barrels to ADM, which equates to ADM's paying interest of approximately 12.3%. 12 Oct 20 The Lifting totalled 557,091 barrels with a net share of 33,056 barrels to ADM, which equates to ADM's paying interest of approximately 6%.
Posted at 09/5/2022 14:24 by pwhite73
If it makes you feel better or victorious I don't have an issue with it. From experience I know CPRs aren't worth the paper they're written on and neither are reserves. That goes for any experienced investor in oil companies. All that matters is what the first drill comes up with. ADME has a nominal value of 1p so they cannot raise funds below that price. At the moment it is still a safe bet ahead of court news in June.
Posted at 06/5/2022 13:06 by tomboyb
ADM Energy PLC Barracuda: Interlocutory Injunction Granted 06/05/2022 1:00pm UK Regulatory (RNS & others) Adm Energy (LSE:ADME) Intraday Stock Chart Friday 6 May 2022 Click Here for more Adm Energy Charts. TIDMADME RNS Number : 6546K ADM Energy PLC 06 May 2022 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 6 May 2022 ADM Energy PLC ("ADM" or the "Company") Barracuda Oil Field: Interlocutory Injunction Granted ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural-resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil field. As previously announced on 13 December 2021, the Company and K.O.N.H. (UK) Ltd ("KONH") obtained an interim injunction at the Federal High Court of Nigeria, Lagos ("Court") restraining Noble Hill-Network Limited ("NHNL"), its officers, agents, privies or person howsoever connected from selling, disposing, divesting or tampering with the 70% shareholding interest of KONH in NHNL to third-party investors or in any other manner whatsoever. Subsequently, NHNL ("the Defendant") applied to the court to set aside the interim injunction order. The Court pronounced NHNL's application as lacking in merit and the application was dismissed. ADM and KONH's application for interlocutory injunction on which the above interim order was based, argued that the restraining order of the court be maintained against the Defendant until the final determination of the suit. The Court found the following: 1. There is a real threat to the Plaintiffs' (ADM and KONH) rights and interests as the Defendant has demonstrated its moves to bring a third-party investor; 2. There is a real issue to be tried or heard; 3. The Defendant's moves to bring in a third-party investor at this stage will further compound an already compounded issue; 4. The balance of convenience is on the side of granting the application in favour of the Plaintiffs; and 5. The Plaintiffs have shown that there will be irreparable loss if the interlocutory injunction is not granted against the Defendant. The Court granted ADM and KONH's interlocutory injunction application which restrains NHNL, its officers, agents, privies or person howsoever connected from selling, disposing, divesting or tampering with the 70% shareholding interest of KONH in NHNL to third-party investors or in any other manner whatsoever until final determination of the suit. The Company has been advised that, further to the announcement of 2 March 2022, the Court has further adjourned this matter to 30 June 2022. The interlocutory injunction is firmly in place and a further update will be made in due course. Enquiries: ADM Energy plc +44 20 7459 4718 Osamede Okhomina, CEO Cairn Financial Advisers LLP +44 20 7213 0880 (Nominated Adviser) Jo Turner, James Caithie Hybridan LLP +44 20 3764 2341 (Broker) Claire Louise Noyce ODDO BHF Corporates & Markets AG +49 69 920540 (Designated Sponsor) Michael B. Thiriot Luther Pendragon +44 20 7618 9100 (Financial PR) Harry Chathli, Alexis Gore, Tan Siddique
Posted at 16/4/2022 08:40 by terminator101
Seems the only way they can raise interest here is by inventing the fake investor in the background (but will investors fall for that trick a 4th time?) or by starting another scam company and raising money at a "premium" apparently, but when all the time they were giving the money raised directly to their mates in the scam company. Will investors fall for that trick too? Or have align been in touch with the broker and scuppered their chances of yet another placing at yet another massive discount.
Posted at 30/3/2022 07:46 by terminator101
Money pit (squared) In addition to the black hole that is the operating costs for osa and the lads there is now a black hole in the swamp to pour investors cash into (the one that's under dispute that they might not own anyway ) No wonder they delayed publication of that news. Now smacks of a desperate attempt to fluff the share price up for the massive placing to keep the lights on.
Posted at 24/3/2022 12:28 by pwhite73
So long as they cannot issue anymore shares investors are relatively safe.
Posted at 26/2/2022 05:57 by terminator101
There seems a very extraordinary series of coincidences at ADME over the last year, particularly with the aquisition of 51% of KONH (UK) Ltd which apparently has an indirect controlling interest in OML141. Does it not strike you as a bit odd that on 18 Feb 21, adme announced that it was planning an aquisition of KOHN, a company that was miraculously only incorporated at Company House on that very same same day, and which again in another extraordinary coincidence was controlled by Calabar capital which itself was incorporated at Company House that very same day? I'll let you draw your own conclusions, but will note that adme is now engaged in a legal battle about their claim to an indirect ownership of OML141 and also that £1.3 million of shareholders cash was poured into this little adventure. Nothing to see here huh? Maybe range and his boiler room mate luckyclicker can enlighten us about these extraordinary coincidences? Or perhaps Rudolf who was another one of the boiler room trying to ramp the marginal field awards 12 months ago. (And who since then has only ever commented on adme, which itself is an extraordinary coincidence). ---------18 Feb 2021 K.O.N.H. (UK) LTD incorporated at Company House with Calabar Capital as a person with Significant control. is the same day that Calabar Capital was formed. Note that MALING, Daniel John Shilton and LANGOY, Tor are both Directors of this and of KOHN. You may also wish to know that the purpose of the company is "70229 - Management consultancy activities other than financial management" does that not strike you as a bit odd that a management consultancy company has a indirect controlling interest in OML 141? Feb 2021 ADME RNS about the share price movement states "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."23 March 21 ADME intent for £1.3m fundraising and 51% investment in KONH which (allegedly) holds an indirect majority stake in OML 141. "We will bring technical and financial support to the consortium to develop the asset and take it into production in the second half of this year. We have structured the deal to receive an accelerated cash entitlement once the field is in production, with the intention that the cost of the first well will be supported by our financing partner, Dubai Bridge Investments."Reality check - how much did DBI investments put in? Would that be zero? What about that "into production in the second half of the year? 16 April 21 OSA and Carter installed as Directors of KNOH. Ruedolf11 Mar '21 - 08:23 - 452 of 2810 0 1 0Its probably not a coincidence that the company announced an investor call the same day that offer letters were sent to winners of the Nigeria Marginal Field Bid Round ..... its like the company are bursting to tell us something"The Department of Petroleum Resources (DPR), Nigeria's regulatory agency for the hydrocarbon industry, has distributed the third letter in the series of correspondences it has been sending to, apparently, the 161 companies selected as winners of interests in the 57 marginal fields on offer in the country's second marginal field bid round.The third letter specifies the percentage awarded to the recipient and the signature bonus expected of it by government. The letters were emailed on March 2, 2021 and the authorities expect the signature bonus to be paid in 45 days, and it could be paid in either the local currency Naira or in US Dollars."
Posted at 11/2/2022 11:32 by pwhite73
Spikeyj - "i disagree, PW. potential investors really *should* be interested in the cashburn, costs, liabilities, likely future expenditure etc." Yes but no. This is the AIM, investors are as interested in the fundamentals as punters are in the odds of winning the Euro Millions. No AIM share price ever rises because of low director wages, low cash burn, low costs and zero liabilities. The share price rises solely because something nice has happened or more often the directors have promised something nice is about to happen. Now if you want to talk ADME let's talk real ADME.
Posted at 21/1/2022 18:54 by londonikan5
PWhite73, we hear of another UAE Sheik investor (#3) we hear from ADME of new acquisition. Aje Field is in decline (Fact), two wells are producing, the chance that one can revive the cash flow through a gas development to WAG on an unfunded development through another suitcase company (PetroNor)? They defeated Align was a for gone conclusion as Osa owns Hessia. What else does ADME have, Barracuda is in litigation with Fraud allegation against them? Barracuda Field has it produced any oil, 4 wells but no production? Sinopec, walked, Oryx walked why does ADME an Investment company think they know more than all others. ADME is as you stated is a squatter trying to just raise chump change not drilling money to just continue the fleecing of investors to support their lifestyle. It is sad
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