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ADM Energy PLC - London-based natural resource investor - Federal High Court of Nigeria further adjourns legal proceedings over its Barracuda oil field until June 30. Back in December, ADM and KOHN (UK) Ltd were granted an interim injunction against Noble Hill-Network Ltd, preventing the company or any associated person from ‘selling, disposing, divesting or tampering with’ KOHN's 70% shareholding interest in NHNL to any third-party investors. NHNL challenged the order, but this was rejected by the court, ADM says.
Current stock price: 0.84 pence, up 12% on Friday
12-month change: down 77%
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