ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, has announced that the second hearing of a winding-up petition presented by HMRC was adjourned on 28 October 2026 for a further 77 days. The petition has been relisted for hearing at 10:30 a.m. on Wednesday, 13 January 2027 at the Rolls Building, London, under case number CR-2026-004486. No winding-up order was made at the hearing, though the company's shares remain suspended from trading on AIM pending overdue financial disclosures.

Key Points

  • ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with assets including a 9.2% profit interest in the Aje Field offshore Nigeria and multiple US-based investments.
  • The second hearing of the HMRC winding-up petition, held on 28 October 2026, was adjourned for 77 days with no winding-up order made.
  • The relisted hearing is scheduled for 13 January 2027 at the Rolls Building, London, under case number CR-2026-004486.
  • Investors should watch for publication of the annual report for the year ended 31 December 2025 and the half-year report for the six months ended 30 June 2026, which are required to lift the AIM trading suspension.

HMRC Winding-Up Petition Hearing Adjourned Following 28 October 2026 Appearance

ADM Energy confirmed in its 3 November 2026 announcement that the second hearing of the winding-up petition, brought by the Commissioners for His Majesty's Revenue and Customs, took place on 28 October 2026 and was subsequently adjourned. The petition has been relisted under case number CR-2026-004486 to be heard on 13 January 2027. The company stated clearly that no winding-up order was made at the hearing. This follows an earlier announcement dated 18 September 2026, which first disclosed the existence of the HMRC petition, marking a prolonged period of legal uncertainty for the company and its shareholders.

AIM Trading Suspension Tied to Overdue Annual and Half-Year Financial Reports

Trading in ADM Energy's ordinary shares remains suspended from AIM, and the announcement states that this suspension will persist pending publication of the company's annual report and accounts for the year ended 31 December 2025 and its half-year report for the six months ended 30 June 2026. Both documents remain outstanding. The continued absence of these financial disclosures means investors have limited visibility into the company's current financial position, representing a significant risk factor. ADM Energy has stated it will make a further announcement without delay upon any material development and following the January 2027 relisted hearing.

ADM Energy's Asset Portfolio Spans Offshore Nigeria and US Onshore Oil and Gas

ADM Energy holds a diversified portfolio of natural resource interests. These include a 9.2% profit interest in the Aje Field, part of OML 113, covering 835km² offshore Nigeria, with multiple oil, gas, and gas condensate reservoirs and five wells drilled to date. The company also holds a 100% ownership interest in Vega Oil and Gas, LLC, a 60% economic interest in Eco Oil, a 42% economic interest in OFX Technologies, LLC, and a 25% asset interest in the Vega Upstream JV, focused on identifying US onshore oil and gas investment opportunities.

Inside Information Disclosure and MAR Obligations Met Through Regulatory Filing

ADM Energy confirmed that the information contained within this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014, as retained in UK domestic law through the European Union (Withdrawal) Act 2018. The company satisfied its disclosure obligations by releasing the update via a Regulatory Information Service, bringing the inside information into the public domain. Investors may be watching for any further regulatory filings as the January 2027 hearing date approaches, particularly regarding the status of the outstanding financial reports required for the trading suspension to be lifted.