Saturday, April 1, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Market

ADM Energy PLC mulls fundraising, investment in Nigerian discovery

10 months ago
in Market
ADM Energy PLC mulls fundraising, investment in Nigerian discovery
Share on FacebookShare on Twitter


The firm said the fundraise will likely be concluded at a premium to the current share price at the time of this announcement

Latest Oil News

Chickens are ‘coming home to roost’ in the shale patch

Chickens are ‘coming home to roost’ in the shale patch

March 31, 2023
Vitol profits soar to record $15bn on back of energy crisis

Vitol profits soar to record $15bn on back of energy crisis

March 30, 2023
US natural gas prices: déjà vu all over again

US natural gas prices: déjà vu all over again

March 29, 2023
Is the oil price bounce on?

Is the oil price bounce on?

March 28, 2023

() announced it is considering a fundraising for a possible investment in Nigeria as it noted the recent movement in its share price.

The natural resources investing company confirmed it was in discussions with its shareholders, funding partners and prospective and new investors in connection with a possible equity fundraising, such as a placing, and investment opportunity in an existing discovery in the African country.

WATCH: ADM Energy remains bullish on oil, predicting prices to rise $70, ‘making projects more profitable’

The AIM-listed firm confirmed it has terminated the discussions in respect of the placing but remains in discussion with one of its funding partners and certain other potential investors in respect of a possible subscription.

It added that the fundraise will likely be concluded at a premium to the current share price at the time of this announcement and it is the intention of the directors to take part.

However there is no certainty the fundraise will go ahead, the company noted.

It also said that it is continuing discussions in respect of the investment opportunity which are at an advanced stage, but there is no certainty that the investment will be made.

Completion of the investment opportunity is not conditional on the fundraise but it is expected that any proceeds would be put towards the investment opportunity and provide the company with additional working capital.

Shares shot up 14% to 4.38p on Thursday before close.



www.proactiveinvestors.co.uk

Tags: ADMdiscoveryEnergyfundraisingInvestmentmullsNigerianPlc
Previous Post

Shares of Oil Producer ConocoPhillips Hit Record High on Q4 Earnings Beat

Next Post

Equinor ‘surpasses’ oil, gas majors in renewables investments – reNews

Related Posts

Chickens are ‘coming home to roost’ in the shale patch

Chickens are ‘coming home to roost’ in the shale patch

by Oil Market News
March 31, 2023
0

This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to...

Vitol profits soar to record $15bn on back of energy crisis

Vitol profits soar to record $15bn on back of energy crisis

by Oil Market News
March 30, 2023
0

Vitol, the world’s largest independent commodity trader, has emerged as one of the biggest winners of the energy crisis, reporting...

US natural gas prices: déjà vu all over again

US natural gas prices: déjà vu all over again

by Oil Market News
March 29, 2023
0

This time was supposed to be different. Last summer, the price of US natural gas hit a high of $10...

Is the oil price bounce on?

Is the oil price bounce on?

by Oil Market News
March 28, 2023
0

This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to...

‘Full investigation’ promised into UK wildlife haven oil spill

‘Full investigation’ promised into UK wildlife haven oil spill

by Oil Market News
March 27, 2023
0

The UK government has promised a “full investigation” into the causes of an oil spill over the weekend into Poole...

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

by Oil Market News
March 26, 2023
0

The head of Libya’s state oil company said he had the backing of both the government in Tripoli and the...

Next Post
Equinor ‘surpasses’ oil, gas majors in renewables investments – reNews

Equinor ‘surpasses’ oil, gas majors in renewables investments - reNews

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Could This Be One Of The Top Electric Vehicle Stocks Of 2021?

Could This Be One Of The Top Electric Vehicle Stocks Of 2021?

10 months ago
Sensex Ends 460 Pts Higher, Nifty50 Reclaims 17,550 As Market Cheers Rbi Policy;

Sensex Ends 460 Pts Higher, Nifty50 Reclaims 17,550 As Market Cheers Rbi Policy;

11 months ago
Indonesia president reshuffles cabinet, names new trade minister

Bahrain hails election turnout, rights groups criticise ‘repressive’ climate

5 months ago
Investment Giants Want Exchanges to Enforce Labeling System for ETFs

Investment Giants Want Exchanges to Enforce Labeling System for ETFs

11 months ago
Trans Mountain expansion delayed, needs $8.8B more: report

Trans Mountain expansion delayed, needs $8.8B more: report

11 months ago
ADVERTISEMENT
Chickens are ‘coming home to roost’ in the shale patch

Chickens are ‘coming home to roost’ in the shale patch

March 31, 2023

Vitol profits soar to record $15bn on back of energy crisis

March 30, 2023

US natural gas prices: déjà vu all over again

March 29, 2023

Is the oil price bounce on?

March 28, 2023

‘Full investigation’ promised into UK wildlife haven oil spill

March 27, 2023

Libyan state oil chief stresses support across divided country

March 26, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Chickens are ‘coming home to roost’ in the shale patch

Chickens are ‘coming home to roost’ in the shale patch

March 31, 2023
Vitol profits soar to record $15bn on back of energy crisis

Vitol profits soar to record $15bn on back of energy crisis

March 30, 2023
US natural gas prices: déjà vu all over again

US natural gas prices: déjà vu all over again

March 29, 2023
Is the oil price bounce on?

Is the oil price bounce on?

March 28, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.