ADM Energy PLC, 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.
Further to the announcement on 23 May 2024, the Company has now taken delivery of its 550-barrel capacity mixing tank and the two new pumps, which will be installed at the site imminently. JKT has initiated a work program that includes reconfiguring existing storage capacity, installing the new equipment and other projects designed to improve the processing capacity and efficiency of its facility in Wilson, Oklahoma.
