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ADM Energy PLC - London-based natural resource investor - Federal High Court of Nigeria adjourns legal proceedings over its Barracuda oil field further until May 5.
In December, ADM and KOHN Ltd were granted an interim injunction against NHNL, preventing the company or any associated person from ‘selling, disposing, divesting or tampering with’ KOHN's shareholding interest in NHNL to any third-party investors.
KONH, a company in which ADM acquired 51% equity interest, holds a 70% interest in NHNL, which is the subject of the ongoing legal dispute.
Current stock price: 0.74 pence
12-month change: down 82%
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