ADM Energy plc (GB:ADME) has released an update.
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ADM Energy PLC has reported progress with its 100% owned subsidiary Vega Oil and Gas, noting successful oil sales from the Sneed 415 well in Texas and the imminent completion of a new tank battery to restore production at two more wells. The company anticipates all three Vega wells will contribute to oil sales in Q4 2024, marking a positive advancement in their resource investment strategy.
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