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ADM Energy remains bullish on oil, predicting prices to rise $70, 'making projects more profitable'

ADM Energy PLC's (LON:ADME) Osamede Okhomina talks to Proactive London about their extended its agreement with Trafigura, over a US$120mln financing, for a further 12 months.

He also discusses the latest on the Nigerian Marginal Field Bid Round, with 'results out very soon'. 

Okhomina references the latest oil prices, as Brent oil went past $65 a barrel, he says 'I wouldn't be surprised if oil went to $70-75 this year'.

Quick facts: ADM Energy PLC

Price: 4.1 GBX

AIM:ADME
Market: AIM
Market Cap: £5.03 m
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ADM Energy finalise transaction to increase profit interest in OML 113 to 9.2%

ADM Energy PLC's (LON:ADME) Thato Mngomezulu, Head of New Ventures at ADM speaks to Proactive London about the completion of its transaction to acquire an additional 2.25% interest in OML 113. The company’s stake in the project increases to 4.9% as a result of the transaction. The...

on 15/12/20

2 min read