JKT Reclamation Facility Operations Update

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, is pleased to provide the following update with respect to operations of JKT Reclamation, LLC ("JKT"), the revenue and cash flow generating oil reclamation business in which the Company owns a 30.6% economic interest.

Following ADM's investment in SW Oklahoma Reclamation, LLC, the parent company of JKT (as announced on 8 April 2024), JKT has leased the following equipment for the reclamation site: (1) a 550-barrel capacity mixing tank in order to combine and agitate the processing fluids. Prior to this acquisition the mixing of the fluids was done manually, therefore this purchase will significantly increase the mixing capabilities in the reclamation process; and (2) two new fluid pumps that are able to move 20 gallons per minute, which will increase the movement of fluids between the different phases of the reclamation process.

This new equipment will assist in increasing the processing capacity of the JKT's reclamation facility in Wilson, Oklahoma and is scheduled to be delivered and installed in early June 2024.

The gross barrels of oil produced at the facility from 1 January 2024, the effective date of the JKT transaction, is as follows:

Following delivery and installation of the new equipment, JKT is targeting to expand production to 3,500 to 4,000 barrels of oil per month. JKT has also entered into a short-term working capital facility ("Facility") that allows for short-term advances against oil sold, payable within 90 days, at a cost of 1.75% per month on the quantum of funds borrowed. The Facility will provide JKT the short term funds required to expedite its growth.

Additionally, JKT has started evaluating properties for a second reclamation facility in the State of Texas. Further details regarding the second reclamation facility will be provided in due course.

ADM is further pleased to announce that it has received its first cash distribution from JKT in the amount of US$21,000.00. The Company expects cash distribution levels to grow with production in the coming months. The Company will receive 42.0% of cash distributions until it has received US$356,250.00 and 30.6% thereafter

Commenting on the monthly JKT operations update Stefan Olivier, CEO, stated: "With the new equipment that has been purchased and will be installed in June 2024, we anticipate increased production, revenue and profitability with growing net cash distributions."

About JKT Reclamation LLC