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ADM Energy announce ‘fantastic deal’ with new venture in Nigeria, in development Barracuda field

ADM Energy’s () Osamede Okhomina talks to Proactive London about their oversubscribed fundraising which will be used for the firm’s new venture in Nigeria, an interest in the development of the Barracuda field.

The placing and subscription offer raised £1.22mln through the sale of 28.71mln new shares priced at 4.25p.

Speaking from the location, Osameda says ‘it’s completely geologically de-risked’ and ‘one of the best assets we’ve seen in a long time’.

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Read More: ADM Energy announce ‘fantastic deal’ with new venture in Nigeria, in development Barracuda field

2021-03-24 08:13:00

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