04:30 Tue 20 Oct 2020
ADM Energy PLC - ADM agreement with Dubai Bridge Investments

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
ADM Energy PLC
("ADM" or the "Company")
ADM cooperation agreement with Dubai Bridge Investments
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce it has entered into a cooperation agreement with Dubai Bridge Investments LLC ("DBI"), a privately-owned Dubai-based investment vehicle, to source and develop upstream oil and gas field investment opportunities jointly in Sub-Saharan Africa.
Under the terms of the cooperation agreement, it is the intention of ADM and DBI (together, the "Parties") to identify opportunities and structure funding for new investments ("Projects"). In the event that the Parties mutually approve a Project, it is envisaged that any investment or acquisition will likely comprise a joint venture made by way of a newly incorporated vehicle, subject to separate agreement at the time, for each Project. ADM will be responsible for identifying upstream oil and gas field opportunities in Sub-Saharan Africa and DBI will be responsible for providing or sourcing funding.
ADM has identified several potential targets and will be progressing through the evaluation and due diligence process with DBI. Once a Project is agreed, the Parties will negotiate a definitive agreement for each Project that is approved.
HE
Enquiries:
ADM Energy plc | +44 20 7459 4718 |
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Cairn Financial Advisers LLP | +44 20 7213 0880 |
(Nominated Adviser) | |
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Hybridan LLP | +44 20 3764 2341 |
(Lead Broker) | |
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Pello Capital Limited | +44 20 3700 2500 |
(Joint Broker) | |
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Oddo Seydler Bank AG | +49 69 920540 |
(Designated Sponsor) | |
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| +44 20 7618 9100 |
(Financial PR) | |
Harry Chathli, | |
About ADM Energy PLC
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with an existing asset base in
ADM Energy is seeking to build on its existing asset base in
About Dubai Bridge Investments LLC
Dubai Bridge Investments ("DBI") is a privately owned sector agnostic Dubai based investment vehicle - managing and deploying its own family wealth into ventures deemed feasible by the AI Zubair Family & Board. DBI, has direct and passive placements within its exclusively chosen markets with an emphasis on
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