ADM Energy Upgrades Facility, Eyes Texas Expansion

ADM Energy plc (GB:ADME) has released an update.

ADM Energy PLC, a natural resource investing company, announces the temporary suspension of production at its JKT Reclamation oil facility in Oklahoma for upgrades, with resumed operations expected mid-July. Despite no distributions in June due to reinvestment and none expected in July because of minimal sales, the company has received US$35,000 in cumulative distributions from JKT and anticipates increased production and cash flow post-upgrades. Additionally, ADM is exploring the potential for a second facility in Texas.

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