First of all, I think you're confusing "Administrative Termination" (Wade Energy) with a company that is "in administration" (Antares).
The former - Wade Energy - was terminated by the State of Louisiana because it failed to file proper documentation (annual reports, etc), not because it was going broke. This fits with Wade Energy being basically a nothing company, with no one really running it and paying much attention to it.
So, no. There is no evidence that JC made a deal with a company in administration, firstly because Wade Energy is not "in administration" and secondly, the deal was made well before Wade Energy's deadline to lodge proper statutory documentation.
