ADM Energy Reports Progress on Texas Wells
Company Announcements

ADM Energy Reports Progress on Texas Wells

ADM Energy plc (GB:ADME) has released an update.

ADM Energy PLC has successfully brought the Sneed 415 well in Moore County, Texas back into production, with June sales generating $25,591 after taxes and royalties. The company is also finishing a new tank battery expected to be completed in August 2024, which will enable the remaining two wells acquired through Vega Oil and Gas, LLC to resume production. CEO Stefan Olivier expressed satisfaction with the investment progress and anticipates further production following the infrastructure completion.

For further insights into GB:ADME stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskADM Energy Resumes Oil Operations, Eyes Growth
TipRanks UK Auto-Generated NewsdeskADM Energy Updates on Texas Oil Production Progress
TipRanks UK Auto-Generated NewsdeskADM Energy Faces Delays and Continued Trading Suspension
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App