An oil & gas investing company with an aggressive growth strategy
ADM Energy is a natural resources investing company with an existing multi-asset base in the Aje (OML 113) and Barracuda (OML 141) fields, offshore Nigeria. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date. Barracuda has four existing wells drilled on the swamp oilfield located in the hydro-carbon rich Bayelsa State, with plans for a fifth well to be drilled in Q4 2021.
ADM Energy is targeting investment opportunities across West Africa in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure, route to early cash flow.
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ADM Energy holds a 9.2% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria. Aje is an oil producing asset rich in gas and condensate reserves and currently has two producing wells, Aje-4 and Aje-5.
ADM Energy also has a controlling interest in a risk sharing agreement for the development of the Barracuda Field, which sits in the northwest part of OML 141, covering 1,295km² in the swamp/shallow waters of the Niger Delta in Nigeria. Four wells have been drilled to date at Barracuda and a fifth well is planned in Q4 2021 to take the asset into production.