The natural resources investing Company with an existing asset base in Nigeria has reported FY December 2021 results. The Company reported a revenue uplift of 125% to £1.8m reflecting a recovery in the oil price and ADM’s increased profit interest in the Aje Field. The loss after tax decreased 64% to £2.5m largely due to the non-recurrence of 2020’s £4.6m impairment. We remind you that there is significant potential for expanded development at Aje. A crucial step forward in the future developme ....
23 Jun 2022
Hybridan Research: 23/06/2022: ADM Energy plc: Revenue up 125% as ADM seeks to build on existing asset base
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Hybridan Research: 23/06/2022: ADM Energy plc: Revenue up 125% as ADM seeks to build on existing asset base
ADM Energy plc (ADME:LON) | 0.4 0 (-6.7%) | Mkt Cap: 1.98m
- Published:
23 Jun 2022 -
Author:
Derren Nathan -
Pages:
8
The natural resources investing Company with an existing asset base in Nigeria has reported FY December 2021 results. The Company reported a revenue uplift of 125% to £1.8m reflecting a recovery in the oil price and ADM’s increased profit interest in the Aje Field. The loss after tax decreased 64% to £2.5m largely due to the non-recurrence of 2020’s £4.6m impairment. We remind you that there is significant potential for expanded development at Aje. A crucial step forward in the future developme ....