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The latest announcement is out from ADM Energy plc ( (GB:ADME) ).
ADM Energy plc announced its half-yearly results for the six months ending 30 June 2024, highlighting significant investments in JKT Reclamation, LLC and Vega Oil and Gas, LLC. The company acquired a 30.6% interest in JKT Reclamation and a 100% membership interest in Vega, both of which contributed to revenue generation. Despite a constrained capital position, ADM Energy is optimistic about achieving positive cash flow with these investments, reflecting a pivotal phase in its strategy to rebuild and expand. These acquisitions are expected to drive growth and improve operating cash flow by 2025, positioning ADM for long-term expansion in the oil and gas sector.
More about ADM Energy plc
ADM Energy plc is a natural resources investing company focused on identifying investment opportunities in producing assets within proven oil and gas jurisdictions. The company has interests in oil and gas operations, aiming to enhance its investment portfolio with strategic acquisitions like JKT Reclamation, LLC and Vega Oil and Gas, LLC.
YTD Price Performance: 21.43%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.67M
Learn more about ADME stock on TipRanks’ Stock Analysis page.
