Buy
Sell
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
  -0.05 -7.14% 0.65 0.60 0.70 0.70 0.65 0.70 2,016,263 11:05:15
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 4201 to 4223 of 4625 messages
Chat Pages: Latest  173  172  171  170  169  168  167  166  165  164  163  162  Older
DateSubjectAuthorDiscuss
06/5/2022
12:08
Nice one ;-)
stockriser
06/5/2022
12:07
Injunction has been granted!
tomboyb
06/5/2022
12:06
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
www.admenergyplc.com

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

tomboyb
06/5/2022
10:23
Hardly any shares left at 0.80p -

court news expected? -

tomboyb
06/5/2022
09:21
Very nice buy
rangenoresources
06/5/2022
08:11
Someone picking up xs stock -

NT at 0.80p -

tomboyb
05/5/2022
21:16
Fake Arnie is jealous because Winny only pays 10p a post.
rangenoresources
05/5/2022
19:10
Looks like the whole adme crew are back together with the emergence of Rudolf. You obviously had the password to that dormant ramping account handy mate. The next con is on as they say ;-)
terminator101
05/5/2022
18:17
The wheels are moving RNS tomorrow or Monday
rangenoresources
05/5/2022
16:13
Nice big buy just showed up
tommygriff
05/5/2022
16:13
share price up 3% when dow is down 3% wonders never cease, i see someone bought 1.2 million on the quiet .... the court case must have went well.
ruedolf
05/5/2022
16:03
So long as there are no new share issues then they are not living on PI money.
pwhite73
05/5/2022
15:19
Lovely blue day
rangenoresources
05/5/2022
06:47
Good slap up meals take a lot of planning but you wouldn't know that Fake Arnie
rangenoresources
05/5/2022
06:24
I wonder if OSA and the lads will descend into Lek oil levels of litigation if shareholders ever get wise to how useless they have been. They appear to have dug in for the long term and really couldn't give a toss about creating value, just milking this goose for all they can get.
terminator101
02/5/2022
16:17
I agree OPM (Other Peoples Money)
londonikan5
01/5/2022
21:11
Osa has something up his sleeve
rangenoresources
01/5/2022
10:53
Hasn't stopped CHLL doing a placing at a massive discount (60%) and a shed load of conversion shares that need approval at a GM. Same coming here?
terminator101
01/5/2022
08:08
they cannot place without a capital restructure of
some kind as share price way below the 1p nominal.

spikeyj
01/5/2022
07:36
What do you think spikeyJ? Placing at a massive discount or some death spiral conversion?
terminator101
01/5/2022
06:44
court news re barracuda should come in may, even if that’s only another deferral.

& there will need to be some kind of fundraising news, since they have zero cash left.

spikeyj
01/5/2022
06:17
What news you expecting Range? General trading update or something more specific?New transaction maybe
tommygriff
30/4/2022
09:58
News is due so perhaps something has leaked
rangenoresources
Chat Pages: Latest  173  172  171  170  169  168  167  166  165  164  163  162  Older
Your Recent History
LSE
ADME
Adm Energy
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20221130 05:18:21