ADM Energy Plc's (LON:ADME) chief executive Osamede Okhomina speaks to Proactive London's Andrew Scott after agreeing a deal to increase its stake in the OML 113 asset - which includes the Aje field offshore Nigeria.
ADM is paying US$3mln of which US$2mln will be shares, priced at 7p each – and, the first US$250,000 of cash will be paid as deposit.