REG-ADM Energy Plc: Corporate Update, Delay to the Publication of Annual Results and Half-year Report, Continued Suspension to Trading on AIM

Adm EnergyAnnouncement

02/10/2025 07:02

02 October 2025

ADM Energy PLC

("ADM" or the "Company")

Corporate Update

Delay to the Publication of 2024 Annual Results and 2025 Half-year Report

and Continued Suspension to Trading on AIM

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing
company, provides the following update in relation to trading activity of its
investee company, JKT Reclamation, LLC, working capital position and its
continued suspension.

The Company was advised that on 29 September 2025, JKT Reclamation,
LLC (”JKT”), ADM’s investee company, signed an 18 month funded ISDA
(International Swaps and Derivatives Association, Inc.) swap agreement
(effective 25 November 2025)  with a large privately held US corporation
(“Purchaser”) for the forward sale of 1,200 barrels of oil a month (the
“Swap Agreement”). The proceeds of the Swap Agreement, approximately
US$223,000, which were received on 30 September 2025, will be used by  JKT to
continue to develop the reclamation operations at the site and the Company
expects to provide further updates on JKT’s development as the funds are
deployed. The Company has a 41.4% economic interest in JKT Reclamation, LLC,
through its subsidiary ADM Energy (USA), Inc.

In March 2025, the Company raised £587,000 via a Subscription and Broker
Option, which was used to provide further capital to increase the Company’s
interest in its portfolio of investments, including JKT and the Altoona Lease
in Kern County, California. Despite the positive progress made by its investee
companies and the recent funding being sourced by the Swap Agreement for
JKT,  limited funds are being returned to the Company to support its ongoing
operations and the Company’s working capital remains very constrained as
previously announced.

Since this fundraise, the Board has been carefully managing the Company’s
working capital while it explores longer-term structured solutions. It has
reduced creditor liabilities and remains in discussions with key stakeholders
to manage the financial position of the Company.  Further, the Company is in
continued discussions with an interested party in relation to further funding
of its investee companies, and at the PLC level. However, in the event that
these discussions do not progress, the Board will need to carefully consider
the company’s financial position and solvency.

Delay to the Publication of 2024 Annual Results and 2025 Half-year Report

Further to the announcement made on 1 July 2025, the Company announces that it
anticipates being able to publish its Annual Report and Financial Statements
for its financial year ended 31 December 2024 ("2024 Annual Report") and its
Half-year Report for the six months ended 30 June 2025 ("2025 Half-year
Report") by 31 December 2025.

As announced previously, pursuant to Rule 19 of the AIM Rules for Companies
(the "AIM Rules"), the Company was required to publish its 2024 Annual Report
by 30 June 2025 and its 2025 Half-year Report by 30 September 2025. Trading in
the Company's ordinary shares on AIM will remain suspended pending publication
of its 2024 Annual Report and Accounts and its 2025 Half-year Report.

The Company will continue to make announcements regarding any developments
that need to be disclosed in accordance with its obligations under the AIM
Rules, whilst the temporary suspension is in place.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service, this inside information is
now considered to be in the public domain.

Enquiries:

 ADM Energy plc                                  +1 214 675 7579   
 Randall Connally, Chief Executive Officer                         
 www.admenergyplc.com                                              
                                                                   
 Cairn Financial Advisers LLP                    +44 207 213 0880  
 (Nominated Adviser)                                               
 Jo Turner / Liam Murray / Ed Downes                               
                                                                   
 Novum Securities Limited                        +44 207 399 9400  
 (Broker)                                                          
 Gavin Burnell / Colin Rowbury                                     
                                                                   
                                                                   
 ODDO BHF Corporates & Markets AG                 +49 69 920540    
 (Designated Sponsor, Frankfurt Stock Exchange)                    
 Michael B. Thiriot                                                

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing
company with investments including a 100% interest in Vega Oil and Gas, LLC
(“Vega”) and through Vega holds a 25% carried working interest in the
Altoona Lease, California (“Altoona”); a 41.4% economic interest in JKT
Reclamation, LLC (“JKT”); a 42.2% economic interest in OFX Technologies,
LLC (www.ofxtechnologies.com) (“OFXT”), and through OFXT holds 100% of
Efficient Oilfield Solutions, LLC (“EOS”); and, a 9.2% profit interest in
the Aje Field, part of OML 113, which covers an area of 835km² offshore
Nigeria. Aje has multiple oil, gas, and gas condensate reservoirs in the
Turonian, Cenomanian and Albian sandstones with five wells drilled to
date.  

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be,
forward-looking statements. Forward looking statements are identified by their
use of terms and phrases such as "believe", "could", "should", "envisage'',
"estimate", "intend", "may", "plan", "potentially", "expect", "will" or the
negative of those, variations or comparable expressions, including references
to assumptions. These forward-looking statements are not based on historical
facts but rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations, performance,
future capital and other expenditures (including the amount, nature and
sources of funding thereof), competitive advantages, business prospects and
opportunities. Such forward-looking statements reflect the Directors' current
beliefs and assumptions and are based on information currently available to
the Directors.



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