ADM Energy (ADME)

Sector:

Mining

 0.43p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 0.55p
  • 52 Week Low: 0.33p
  • Currency: UK Pounds
  • Shares Issued: 564.59m
  • Volume: 0
  • Market Cap: £2.40m
  • RiskGrade: 360

MX Oil gains permission from Grenada to explore boundary between Trinidad, Tobago

By Maryam Cockar

Date: Tuesday 20 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Oil and gas investor MX Oil signed a memorandum of understanding with the Grenadian government to explore in the maritime boundary between Trinidad and Tobago.
The company agreed to invest in the exploration and development of hydrocarbons in a subterranean area which adjoins the two islands.

It covers the underexplored prospective territory in the Grenada Tobago basin acreage, which is adjacent to the Venezuelan and Trinidadian Patao-Poinsettia gas trend.

The memorandum is pre-text to negotiate a more detailed production sharing agreement, likely in the first half of next year, which will cover a tenure and work programme and, if preliminary work proves encouraging, further exploration.

MX Oil stressed that the memorandum of understanding does not guarantee a production sharing agreement.

Chief executive Stefan Olivier, said: "We are very pleased that we have now signed a memorandum of understanding with the government of Grenada. We believe that this agreement provides us with the scope for an early entry in an exciting but underdeveloped region underpinned by the strong support of the Grenadian government."

Shares in MX Oil were down 2.33% to 1.05p at 0836 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ADM Energy Market Data

Currency UK Pounds
Share Price 0.43p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 0.55p
52 Week Low 0.33p
Volume 0
Shares Issued 564.59m
Market Cap £2.40m
RiskGrade 360

ADM Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.20% above the market average57.20% above the market average57.20% above the market average57.20% above the market average57.20% above the market average
14.96% above the sector average14.96% above the sector average14.96% above the sector average14.96% above the sector average14.96% above the sector average
Value
57.20% above the market average57.20% above the market average57.20% above the market average57.20% above the market average57.20% above the market average
14.96% above the sector average14.96% above the sector average14.96% above the sector average14.96% above the sector average14.96% above the sector average
Income Not Available
Growth
31.76% below the market average31.76% below the market average31.76% below the market average31.76% below the market average31.76% below the market average
42.37% below the sector average42.37% below the sector average42.37% below the sector average42.37% below the sector average42.37% below the sector average

ADM Energy Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

ADM Energy Key Personnel

CEO Stefan Olivier

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