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IN BRIEF: ADM Energy notes Panoro and PetroNor extend OML 113 sale

31st Dec 2021 09:30

ADM Energy PLC - London-based natural resources investing company - Notes that Panoro Energy ASA and PetroNor E&P Ltd have agreed to further extend the long-stop date for Panoro to sell 100% of its interest in OML 113 to PetroNor. Long-stop date now January 31. States that it holds 9.2% profit interest in Aje field in OML 113, which covers an area of 835 kilometres offshore Nigeria.

Current stock price: 0.84 pence

Year-to-date change: down 84%

By Abby Amoakuh; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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