ADM Energy plc (GB:ADME) has released an update.
ADM Energy PLC has reported progress in their oil reclamation business, JKT Reclamation, with the installation of new equipment at their Wilson, Oklahoma facility expected to enhance processing capacity and efficiency. The company, holding a 30.6% economic interest in JKT, highlighted a steady increase in oil production over recent months and anticipates a rise in cash distributions following facility upgrades. Additionally, ADM Energy has received a $14,000 cash distribution for April’s production and is exploring the possibility of a second facility in Texas.
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