Adm Energy

What Adm Energy does

ADM Energy PLC is an AIM-listed natural resources investment company headquartered at 60 Gracechurch Street, London, that targets near-term production assets in proven oil and gas jurisdictions with a primary focus on West Africa. The company's principal asset is a 9.2% profit interest in the Aje Field within OML 113 offshore Nigeria, operated by YFP via the Front Puffin FPSO, which produced more than 407,000 barrels in 2021 at a combined average of 1,117 bopd. ADM also invested in the development of the Barracuda Field in OML 141 (Niger Delta) in March 2021.

In 2025-2026 ADM has executed a deliberate geographic pivot into the United States, incorporating Vega Energy USA, Inc. in Texas and Eco Oil Disposal, LLC in Oklahoma, and forming the Vega Upstream JV with Covenant Oil Group Corp to acquire Midcon Assets (28 operated and approximately 250 non-operated producing wells in Oklahoma) for around $14.9 million. The company's existing US oilfield waste disposal subsidiary, JKT Reclamation, operates a facility in Wilson, Oklahoma whose monthly revenue rose from approximately $30,000 in 2024 to $71,000 during July-November 2025. ADM additionally controls OFX Technologies / Efficient Oilfield Solutions (EOS), a free-to-download mobile SaaS application (iOS/Android) for tracking produced water from oil and gas operations, initially deployed in NW Louisiana.

The business model combines capital-light investing (profit interests in producing fields, JV equity with operators such as YFP, Covenant Oil Group and historically Trafigura) with operational subsidiaries (JKT Reclamation disposal fees, EOS subscription revenue). ADM serves investors and JV partners seeking exposure to producing offshore West African assets and US onshore production, while EOS targets oil and gas operators needing compliance tracking for produced water disposal. Reported financials are weak and the company is in operational distress: AIM trading is suspended pending delayed 2024 and 2025 reports, HMRC filed a winding-up petition in July 2026, market capitalization is approximately £664,544 at GBX 2 per share, and net margin is -320.54% with ROE of -583.57%.

Name

Adm Energy

Legal name

ADM Energy PLC

Website

https://admenergyplc.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

ADM Energy PLC is an AIM-listed natural resources investment company holding a 9.2% profit interest in Nigeria's Aje Field and expanding into US onshore production via the Vega Upstream JV (Oklahoma Midcon Assets) and oilfield waste disposal (JKT Reclamation, EOS software).

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Oil and Gas Investment Returns: ADM Energy generates returns through investment in producing oil and gas assets. Revenue is derived from profit interests in producing fields (e.g., 9.2% profit interest in Aje Field, OML 113) and joint venture structures. Expected net revenue of approximately $850,000 over twelve months from Midcon Assets (Vega Upstream JV, Oklahoma).
2. SaaS / Technology Services (EOS): OFX Technologies / Efficient Oilfield Solutions generates recurring revenue through its Software-as-a-Service (SaaS) model — a free-to-download mobile app for produced water management supported by subscription/service fees from oil and gas operators for compliance tracking and reporting.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

ADM Energy PLC is a natural resources investment company that acquires and holds interests in upstream oil and gas assets, primarily the Aje Field (OML 113) offshore Nigeria and the Vega Upstream joint venture in Oklahoma, while also operating oilfield waste management services through JKT Reclamation. The company sells the EOS mobile SaaS application via its OFX Technologies subsidiary to oil and gas operators for tracking and reporting produced water and waste handling. Revenue is generated from production entitlements, joint venture interests, waste disposal fees, and software sales.

Product overview

ADM Energy is a natural resources investing company focused on West Africa, particularly Nigeria. The company operates a portfolio of oil and gas assets including the Aje Field (OML 113) with a 9.2% profit interest, and holds investments in the Barracuda Field (OML 141). In the technology space, ADM Energy owns OFX Technologies, LLC, which operates Efficient Oilfield Solutions (EOS) - a Software-as-a-Service (SaaS) mobile application for iOS and Android that tracks and manages produced water from oil and gas operations to help companies comply with regulatory requirements. The EOS product currently focuses on the NW corner of Louisiana with expansion potential.

Differentiator

Problem solved

Functional benefit

Brands

• Efficient Oilfield Solutions (EOS): Mobile phone app solution for tracking and managing produced water from oil and gas operations, helping with regulatory compliance and replacing costly invoicing and audit processes
• OFX Technologies
• Vega Upstream JV

Products and services

• Aje Field Interest (OML 113) Participating equity interest in the producing Aje Field (OML 113) offshore Nigeria, providing ADM Energy with a share of hydrocarbon production revenue and exposure to a West African producing asset.
• Vega Upstream Joint Venture Joint venture interest in upstream oil and gas production in Oklahoma, expanding ADM Energy's portfolio into the US mid-continent alongside its West African assets.
• JKT Reclamation Oilfield Waste Disposal Permitted oilfield waste disposal operation that handles and disposes of produced water and related oilfield waste streams for upstream operators.
• EOS Mobile Application Mobile SaaS application (sold via OFX Technologies) used by oil and gas operators to track, monitor, and report the handling and disposal of produced water and other oilfield waste streams.

Quantifiable outcome

• 407,000+ bo produced in 2021; 1,117 bopd combined average in 2021
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• Covenant Oil Group CorpcoreStrategic or Co-development Partner · 29 April 2026Formation of Vega Upstream JV with Covenant Oil Group Corp to acquire a portfolio of producing oil and gas wells in Oklahoma (Midcon Assets) for approximately $14.9 million. ADM contributes $100,000 for a 50% membership and voting interest. Acquisition financed primarily through an institutional credit facility of ~$14 million, expected to close by May 31, 2026. Portfolio includes working interests in 28 operated wells and ~250 non-operated wells.
• TrafiguraminorStrategic or Co-development Partner · 29 January 2021Extended alliance memorandum with Trafigura (as of January 2021). Trafigura is a major commodity trading house, and the alliance was intended to support offtake, marketing, or financing arrangements for ADM's oil and gas assets.
• YFP (Operator) — OML 113 Joint VenturecoreStrategic or Co-development PartnerYFP is the operator of the Aje Field (OML 113) with 69.0% equity interest and 41.9% profit share. ADM holds 9.2% profit interest. The joint venture covers an 835 sq km offshore Nigeria licence with five wells drilled and two currently producing (Aje-4, Aje-5) via Front Puffin FPSO since May 2016.
• New Age (OML 113 JV Partner)coreStrategic or Co-development PartnerNew Age holds 12.8% equity and 24.1% profit share in OML 113 / Aje Field.
• EER (OML 113 JV Partner)coreStrategic or Co-development PartnerEnergy Exploration & Resources (EER) holds 6.8% equity and 12.6% profit share in OML 113 / Aje Field. ADM completed transaction to acquire further interest in OML 113 from EER.
• PetroNor (OML 113 JV Partner)coreStrategic or Co-development PartnerPetroNor holds 6.5% equity and 12.2% profit share in OML 113 / Aje Field.
• Cairn Financial Advisers LLPcoreOthersNominated Adviser to ADM Energy PLC for AIM compliance purposes. Address: 9th Floor, 107 Cheapside, London, EC2V 6DN.
• Hybridan LLPcoreChannel Partner/ Reseller/ DistributorLead Broker for ADM Energy PLC. Address: 2 Jardine House, The Harrovian Business Village, Beesborough Road, Harrow, Middlesex, HA1 3EX.
• ODDO BHF GroupcoreChannel Partner/ Reseller/ DistributorDesignated Sponsor for ADM Energy on Frankfurt Stock Exchange. Address: Schillerstraße 27-29, D-60313 Frankfurt am Main, Germany.
• Kreston Reeves LLPcoreOthersChartered Accountants and Statutory Auditor for ADM Energy PLC. Address: 168 Shoreditch High Street, London, E1 6RA.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Tullow Oil plc: FTSE-listed UK E&P with material West African (Ghana, Côte d'Ivoire) operations. Broad incumbent analogue: ADM's Nigeria strategy sits in the same upstream/west-Africa thematic space, but Tullow is materially larger and more diversified.
• EnQuest plc: Main Market-listed UK E&P focused on mature North Sea and Malaysian assets. Comparable as a UK-listed small/mid upstream peer, though with a much more developed asset base and broader portfolio than ADM.

Others

• Trafigura Pte Ltd: Major commodity trading house that signed an alliance memorandum with ADM in Jan 2021 for offtake/marketing/financing support. Adjacent rather than competing — useful as a comparable for oil & gas investment companies with trading-house backing.

Emerging players

• SEK SpA: Oilfield services firm with produced-water and upstream-water management solutions. A comparable for ADM's EOS mobile-app initiative to digitize oilfield produced-water tracking, though SEK operates at a more industrial scale.
• PetroNor E&P ASA: Small-cap E&P listed in Oslo that is also a partner in OML 113 alongside ADM. Directly comparable as an Aje Field co-investor and as a small listed vehicle of similar scale.

Direct peers

• Eco (Atlantic) Oil & Gas: AIM-listed E&P focused on offshore West Africa (Namibia, Guyana, South Africa). Comparable in scale, listing venue, and West African upstream focus to ADM Energy.
• Tower Resources plc: AIM-listed micro-cap E&P with West African and other frontier exposure. Closely comparable in size, listing, and strategy to ADM's small African upstream focus.
• Savannah Energy plc: AIM/ESM-listed upstream company with West and North African E&P focus (Nigeria, Cameroon, South Sudan), directly comparable to ADM's Nigerian asset base and small-cap, multi-JV strategy.
• Pantheon Resources plc: AIM-listed micro-cap E&P pursuing appraisal/development assets. Comparable in scale, listing venue, and risk profile to ADM Energy as a small AIM upstream vehicle.
• Afentra plc: AIM-listed Africa-focused upstream company (Angola, Equatorial Guinea), pursuing late-life asset acquisitions — comparable investment-thesis model to ADM's producing-asset strategy.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/ADMEPLC
• LinkedInlinkedin.com/company/adm-energy-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adm Energy