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ADM Energy continues to 'hunt' for deals 'after radical overhaul of management

ADM Energy's (LON:ADME) Osamede Okhomina explains the latest news of appointing Lionel Therond as its new Chief Financial Officer in a non-Board role with immediate effect.

Osa says he is now 'liberated as the hunter' now able to go into the market and look for more transactions.

He also addresses recent oil price forecasts and believes the price will exceed $50/bbl next year towards the mid sixties in 2022 and further accelerate towards $70/bbl by 2023.

Quick facts: ADM Energy PLC

Price: 5.2 GBX

AIM:ADME
Market: AIM
Market Cap: £5.1 m
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ADM Energy has 'transformed the company' and 'doubled reserves'

ADM Energy PLC (LON:ADME) CEO Osa Okhomina tells Proactive operations at the Aje field continued largely uninterrupted by COVID-19 and costs were significantly reduced. Okhomina reflects on a transformative six months which has involved storing oil to ensure the asset remains profitable even...

on 30/9/20

2 min read