AIM-listed ADM Energy plans to rapidly expand its Nigerian asset base while targeting “other investment opportunities in the oil and gas sector, primarily in west Africa,” according to newly-elected chief executive Osamede Okhomina.
The selection this week of Nigerian national Okhomina, founder and former vice-chair of UK explorer Energy Equity Resources (EER), follows the non-board appointment last month of Dubai royal Sheikh Ahmed Bin Dalmook Al Maktoum as ADM president following a major investment.
