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Share Name Share Symbol Market Type Share ISIN Share Description
Adm Energy Plc LSE:ADME London Ordinary Share GB00BJFDXW97 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.70 0.65 0.75 0.70 0.70 0.70 501,557 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.8 -2.5 -1.6 - 2

Adm Energy Share Discussion Threads

Showing 3926 to 3946 of 4625 messages
Chat Pages: Latest  161  160  159  158  157  156  155  154  153  152  151  150  Older
DateSubjectAuthorDiscuss
20/1/2022
11:45
Nostro . according to zenith they are 100 million shares in issue so someone is telling porkies

The Option gives Zenith the ability to purchase 42,000,000 (forty-two million) ordinary shares of Naira 1.00 in NHNL that are available and unincumbered for issue to Zenith, representing an interest of 42% (forty-two percent) in the outstanding share capital of NHNL.

ruedolf
20/1/2022
10:54
NHNL showed to the AIM Regulators their share ownership, certified by their Corporate Secretary in November 2021 that NHNL is 100% owned by NHEP and MWN Nigeria

Well the document showed Noble Hill E&P owns 28,500,000 shares and MWN owns 1,500,000. The Company Sec didn't say '100% owned' they just confirmed the owner of those shares.

The other 70,000,000 went to Karra couple years back. NHNL now says Karra own nothing and is going to some lengths to get this across, none of which passes the smell test.

atossa
20/1/2022
10:03
I am not denying anything you say because all of these companies are liars. They have no interest in one another what they are seeking is international money from major oil companies and finance houses. The share register means nothing they will doctor it at the drop of a hat. Wait for the court hearing for KONH to prove their claim.
pwhite73
20/1/2022
09:56
If NHNL is a subsidiary of KONH then please let them show the Shares and or corporate documents? They cant as this is all a failed story, just another storyline to take in Investors money. NHNL showed to the AIM Regulators their CAC Share ownership, certified by their Corporate Secretary in November 2021 that NHNL is 100% owned by NHEP and MWN Nigeria. That some one miss-represents the truth on the AIM Market, No could not be true!
londonikan5
20/1/2022
09:44
LondonIkan5 - "How could KONH own 70% of NHNL"

This is the unknown and don't confuse this with funding that may or may not have taken place. KONH are claiming that NHNL is a subsidiary company of themselves of which they own 70%. The court will determine whether or not this is true and it should be reasonably easy to prove. For KONH to claim it owns 7% of NHNL is one thing but to claim it owns 70% is something completely different.

I would also add this is not uncommon among Nigerian licence squatting companies. Company A makes an investment in Company B. Company C makes a bigger investment in Company B. Company B turns round to Company A and says "when did you invest in us?"

pwhite73
20/1/2022
08:14
Re-read the court case, ADME did not respond to NHNL Outside Counsel Fraud Charges but begged the courts for more time to respond to NHNL response, the court gave them time as stipulated by law. How could KONH own 70% of NHNL when they have neve put a Naira in NHNL and or the NW OML 141 RSC? Do they have any board seats, do they have any shares of NHNL? EERL the Operator only recognizes NHNL as the Service Provider, the stories that they are in direct communication on the FDP is BS. I think we will all see the truth on March 1 unless ADME/KONH tries to delay the case. ADME as you state fraudulently presented the DBI letter as funding and then when it proved to be invalid is basically trying to stop NHNL proceeding with the NHNL Planned Field Development as a basic shakedown, a classic Yahoo Boy move,
londonikan5
19/1/2022
23:13
LondonIkan5 - "ADME/KONH never closed with NHNL, ADME closed with KONH but neither KONH or ADME is reported to have closed or contributed any money or consideration to NHNL"

You misunderstand the relationship between ADME, KONH and NHNL. KONH owns 70% of the shares in NHNL. By acquiring a controlling interest in KONH ADME by default owns the 70% interest in NHNL. Osa sits on the board of KONH. KONH stands for Karra Oil Noble Hill.

NHNL are attempting to sell stakes in OML 141 that it does not have the authority to without the permission of the 70% majority share holder KONH. The court has agreed that there is merit in what KONH are claiming so has imposed an injunction on NHNL preventing the sale of licenses or portions thereof until it is established who actually owns NHNL. This will be heard by the court on 1st March 2022.

All three companies are license squatters none has any money to develop anything. All three are awaiting US, UK and European oil giants to take an interest in OML 141.

pwhite73
19/1/2022
19:15
PWhite73, I agree with what you say and your definition of what ADME was created to do. However first i would like to propose a different scenario, ADME claims to have an interest in Barracuda Field (NW OML 141 RSC) but I propose a different option; ADME/KONH never closed with NHNL, ADME closed with KONH but neither KONH or ADME is reported to have closed or contributed any money or consideration to NHNL. Please let ADME show a single Naira compensation to NHNL or the NW OML 141 RSC, they can not as they never did and unfortunately, as you pointed out never planned to. This was an Investment Company pure and simple bait and switch play. Good luck to all that have invested in ADME
londonikan5
19/1/2022
18:14
Spikeyj - They own 9.5% of the AJE field and the right to acquire a percentage of the of the Barracuda Field.

ADME is not an exploration company it does not and will never have the finance to participate in any drill work. The company is essentially what is termed as a "licence squatter". It sits there waiting for somebody to approach it for its licences whilst pretending to its shareholders it participates in oil/gas development programmes. However the licences are valuable for that is how the natural resources business in Nigeria works. Everybody wants a piece of the cake but nobody is prepared to take the plunge and invest fully to extract oil/gas.

The international price of gas and oil for the foreseeable future makes the risk commercially viable for now. This is why the major shareholders sided with Osa at the EGM. ADM like many licence squatters are simply waiting for a major oil company to make an offer. In the meanwhile the directors hope to continue to live a luxury lifestyle at the expense of mug PIs. The problem is the gravy train has come to a halt whilst the price is under the nominal value of 1p. This is why you should expect some fireworks shortly so directors can be kept in the lifestyle they are accustomed to.

pwhite73
19/1/2022
17:27
“… or sell some of the licences.”

how many licences do you think they own, PW?

spikeyj
19/1/2022
13:11
This will be over 1p and beyond this week
rangenoresources
19/1/2022
10:36
Looks like Align or Moncor are off loading sharesCheerio and hopefully ADME can then start to motor on.
rangenoresources
18/1/2022
22:38
not many rampers there really. just ginksy, who appears,
jmv, to be on the BoD, or to work for the BoD directly
or indirectly, or sleeps with one (or more) of the BoD.

spikeyj
17/1/2022
21:09
Imagine acquiring a holding company of a holding company instead of a direct interest.

Imagine refusing a $1.75m cash call and expecting the Nigerians to be happy with that.

Imagine a company where a tipsheet owner taking Board control was the upside scenario.

Welcome to ADM Energy

atossa
17/1/2022
14:18
Only good thing for the current share price is there are hardly any sellers at this level -
tomboyb
17/1/2022
14:08
Lets hope Align and this management can come to some sort of resolution for both parties -
tomboyb
17/1/2022
14:00
re #2620, anyone who decides to “take a punt” should take into
account the distinct possibility that this company will simply fail
altogether as a going concern and shares head to a big fat zero.

spikeyj
17/1/2022
14:00
What conflict is this?
pwhite73
17/1/2022
13:51
Pwhite -

You definitely have a point there and I've time and time again -

Those with no interest will simply change the ord, those with a vested interest will not want to do that to their own holdings -

But circumstance can dictate that as well -

Lets see what transpires -

tomboyb
17/1/2022
13:26
Pwhite is the share price stays below nominal they the management can elect to change the ord to say 0.1p which will require a GM -

Thats if they give a sh*t -

tomboyb
17/1/2022
13:24
tomboyb - Yes you can do a premium placing but it has to be above the nominal value of 1p.

T101 - There is a reason why Align requisitioned the GM and its purely for financial gain. There is also a reason why the company has sought an injunction against NHNL and again its purely for financial gain. The only concern here for those who decide to take a punt now is that they cannot dilute you below 1p everything else is irrelevant.

pwhite73
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