ADM Energy PLC: Appointment of REYL Group
ADM Energy plc +44 20 7786 3555 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 (Lead Broker) Claire Louise Noyce Pello Capital Limited +44 20 3700 2500 (Joint Broker) Dan Gee Oddo Seydler Bank AG +49 69 920540 (Designated Sponsor) Michael B. Thiriot Luther Pendragon +44 20 7618 9100 (Financial PR) Harry Chathli, Alexis Gore, Joe Quinlan
About ADM Energy PLC ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 5% profit interest in the Aje Field, part of OML 113, which covers an area of 858km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date. ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure, route to early cash flow and exploration upside.About the REYL Groupwww.reyl.com Founded in 1973, the REYL Group is an independent diversified banking group with offices in Switzerland (Geneva, Zurich, Lugano), Europe (London, Luxembourg, Malta) and the rest of the world (Singapore, Dubai). The REYL Group manages assets in excess of CHF 13.5 billion and employs more than 220 professionals. Developing an innovative approach to banking, the Group serves a clientele of international entrepreneurs and institutional investors through its Wealth Management, Entrepreneur & Family Office Services, Corporate Advisory & Structuring, Asset Services and Asset Management business lines. REYL & Cie Ltd is licensed as a bank in Switzerland and performs its activities under the direct control of the independent Swiss Financial Market regulator (FINMA) and the Swiss National Bank (SNB). The REYL Group's subsidiaries are also regulated by the LPCC in Switzerland, the FCA in the UK, the CSSF in Luxembourg, the MFSA in Malta, the MAS in Singapore, the DFSA in Dubai and the SEC in the United States.
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31.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: ADM Energy PLC 60 Gracechurch street EC3V 0HR London
United Kingdom Phone: +44 (0)2077863555 E-mail: firstname.lastname@example.org Internet: www.admenergyplc.com ISIN: GB00BJFDXW97 WKN: A2PLC1 Listed: Foreign Exchange(s) London EQS News ID: 1107563 End of News DGAP News Service