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Nigeria: ADM Energy completes Barracuda field transaction

Nigeria: ADM Energy completes Barracuda field transaction
28 Apr 2021
ADM Energy has completed its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale
Barracuda field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria.
Highlights
ADM acquires a 51% interest in K.O.N.H. UK Limited ( KONH ), which holds a 70% indirect interest in the rights, benefits and obligations under the RSA relating to the Barracuda area of OML 141
ADM will provide technical and financial support to the RSA Consortium in return for favourable accelerated economics and a 15% Net Profit Interest in the Field ....

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ADM Energy PLC: Completion of Barracuda Field Transaction

ADM Energy PLC: Completion of Barracuda Field Transaction
dgap.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dgap.de Daily Mail and Mail on Sunday newspapers.

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Investegate |ADM Energy PLC Announcements | ADM Energy PLC: Completion of Barracuda Field Transaction

Investegate |ADM Energy PLC Announcements | ADM Energy PLC: Completion of Barracuda Field Transaction
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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ADM Energy PLC (AIM:ADME) | RNS | ADM Energy PLC - Completion of Barracuda Field Transaction

ADM Energy PLC (AIM:ADME) | RNS | ADM Energy PLC - Completion of Barracuda Field Transaction
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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