ADM Energy PLC has made a significant investment in Vega Oil and Gas, LLC, a Texas-based company with assets in Moore County, Texas. The investment includes the acquisition of 100% of the membership interest of Vega, which holds an interest in three wells in Moore County, Texas. The investment is being funded through a combination of capital commitment, borrowing facility, and issuance of warrants in the company. The Vega Wells have shown promising production potential, and the company plans to invest in infrastructure and work-over to restore production.

To finance the Vega transaction and other purposes, ADM Energy (USA), Inc., a subsidiary of ADM Energy PLC, has entered into a financing agreement with OFX Holdings, LLC, a substantial shareholder of the company. The financing agreement provides for up to US$600,000 in financing, of which an initial advance of $225,000 has already been received. The funds will be used for investments, capital requirements, and potential expansion of ADM USA's investments in other entities.

Additionally, ADM Energy PLC has entered into debt-for-equity conversion agreements with several entities, resulting in a total reduction of 532,752 in corporate debt. This has led to the issuance of 53,275,200 ordinary shares in the company at a price of 1.0p per share. The debt-for-equity conversions have been made with OFX Holdings, LLC, Ventura Energy Advisors, LLC, and Catalyse Capital Ltd, and have significantly reduced the company's liabilities.

The investment in Vega Oil and Gas, LLC, the financing agreement with OFX Holdings, LLC, and the debt-for-equity conversions mark significant developments for ADM Energy PLC, positioning the company for potential growth and expansion in the US oil and gas sector.