IN BRIEF: ADM Energy notes Panoro and PetroNor extend OML 113 sale

ADM Energy PLC - London-based natural resources investing company - Notes that Panoro Energy ASA ...

Alliance News 31 December, 2021 | 9:30AM
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ADM Energy PLC - London-based natural resources investing company - Notes that Panoro Energy ASA and PetroNor E&P Ltd have agreed to further extend the long-stop date for Panoro to sell 100% of its interest in OML 113 to PetroNor. Long-stop date now January 31. States that it holds 9.2% profit interest in Aje field in OML 113, which covers an area of 835 kilometres offshore Nigeria.

Current stock price: 0.84 pence

Year-to-date change: down 84%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ADM Energy PLC 0.33 GBX 0.00 -

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