– UK, London – ADM Energy PLC (LON: ADME | BER: P4JC | FSE: P4JC), an oil and gas investing company, today announced the appointment of Sir Henry Bellingham to its Board as Non-executive Director with immediate effect.
“It is a great pleasure to welcome Sir Henry to ADM Energy, which further strengthens the Board following the appointment of Dr Stefan Liebing earlier this month. The addition of Sir Henry, with his high-ranking contacts and expertise in Africa, will be a great asset to ADM as we push forward our strategy to expand our investment portfolio across Nigeria and West Africa,” said Non-Executive Chairman, Peter Francis.
About Sir Henry Bellingham
In a distinguished Parliamentary career of almost 40 years, Sir Henry held a number of senior positions including Foreign Office Minister for Africa, The UN, Caribbean, Overseas Territories and Conflict Issues; Chairman of the Westminster Foundation for Democracy; Chairman of the All-Party Group on the Commonwealth; and the Prime Minister`s Trade Envoy to Libya. In 2016, Sir Henry was Knighted in the New Year Honours list for Parliamentary and political service.
In addition to his Parliamentary career, Sir Henry has held several non-executive roles on AIM companies and, until recently, was Non-Executive Chairman of Pathfinder Minerals plc since 2014. Prior to entering Parliament, Sir Henry practised as a barrister having graduated from Magdalene College, Cambridge with a master’s degree in Law.
Sir Henry Bellingham commented: “It is an exciting time to join ADM and work alongside an ambitious team determined to drive forward its expansion plans in West Africa. I have gained a great understanding of the region throughout my various roles in Parliament, including as a former Minister for Africa, and I look forward to supporting ADM as it enters the next stage of its development.”
About ADM Energy PLC
ADM Energy PLC is a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 5% profit interest in the Aje Field, part of OML 113, which covers an area of 858km² offshore Nigeria, and in February 2020 entered into an agreement with EER Nigeria Limited to acquire a further 4.2% profit interest. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk-reward profiles such as proven nature of reserves, level of historic investment, established infrastructure, the route to early cash flow and exploration upside.
For more information: http://www.admenergyplc.com
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