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IN BRIEF: ADM Energy Cuts Costs At OML 113 Amid Oil Price Falls

15th Jun 2020 15:44

ADM Energy PLC - Nigeria-focused oil and gas investor - Says work at OML 113 asset in offshore Nigeria continued uninterrupted. Operational costs at project chopped by 38% and breakeven cost of production reduced to USD28 million.

Current stock price: 2.76 pence

Year-to-date change: down 43%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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