ADM Energy plc (GB:ADME) has released an update.
ADM Energy PLC has announced positive developments for its wholly-owned subsidiary Vega Oil and Gas, highlighting the successful production of 450 gross barrels of oil in July 2024 by the Sneed 415 well in Texas, with construction underway to restore production from two additional wells. The company expects these developments to significantly boost cash flow in the upcoming fourth quarter, as stated by CEO Stefan Olivier.
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