Adm Energy PLC. Stock Analysis ADME.L

ADM Energy Plc is an investment company, which engages in investing in natural resources, minerals, metals, and oil and gas projects. The firm focuses on identifying investment opportunities that are near-term producing assets in proven oil and gas jurisdictions to enhance its investment portfolio. The firm holds a 9.2% profit interest in the oil-producing Aje Field, part of OML 113, which covers an area of 835 square kilometers (km2) offshore Nigeria. The firm has a 100% membership interest in Vega Oil and Gas, LLC (Vega), which owns an interest in three wells in Moore County, TX - the Sneed 415, Thompson 7330 and 7331 wells. The firm owns a 30.6% interest in JKT Reclamation LLC (JKT Reclamation), which is engaged in the purchase, processing and sale of residual oil from oil tanks (tank bottoms) and other oilfield waste streams containing significant concentrations of crude oil.