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.

As of 19 September 2024 operations recommended at JKT's Wilson, Oklahoma site following completion of certain facility maintenance and upgrade projects, with the first post-restart load of 174.1 gross barrels sold on 23 September 2024. From re-start of operations through 31 October 2024 approximately 1,042 gross barrels of oil have been sold by JKT.

The Company announced on the 5 July 2024 that production at JKT's Wilson, Oklahoma site was halted in order for the installation of its 550-barrel capacity mixing tank and additional separation and heating equipment to take place. Whilst production was paused, JKT took the opportunity to reevaluate the efficacy of the production line, address legacy issues, and make further amendments to the site. This included: the installation of the mixing tank and pumps; the clean-out of storage/sales tanks to avoid contaminating sale-able product; the addition of vertical and horizontal separation equipment; the addition of a vertical heater-treater; the installation of metering and chemical injection equipment; and the reconfiguration of oil tanks to help improve the efficiency of process.

Table 1 - Summary of JKT produced oil volumes

* indicates months where production at the site had been partially or fully halted for the completion of works to take place

The total costs of the works carried out was approximately US$100,000 and was paid for from cash available to JKT from previous operations and a US$50,000 loan to JKT from a private third-party investor. US$30,600 of the total was attributable to ADM USA.

Commenting on the developments related to JKT, Stefan Olivier, CEO, stated: "We are very pleased with the re-start of operations at the Wilson facility and the expectation of increasing sales volumes and renewed distributions to ADM in coming months."

About JKT Reclamation LLC

JKT Reclamation is the owner of a 20-acre facility in Wilson, Oklahoma with fixed assets including a workshop and office structure, ten 410-barrel storage tanks and other related separation and material handling equipment. In addition to the property, plant and equipment, other assets include two proprietary chemical formulae with additional potential commercial applications.