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Diversified Gas & Oil 'very close' to Pennsylvania decommissioning agreement

Rusty Hutson, chief executive of Diversified Gas & Oil PLC (LON:DGOC), tells Proactive's Andrew Scott the integration of the large batch of oil and gas assets acquired from EQT in the Appalachian Region is on track.

The acquisition, in June, cost US$575mln and more than doubled production to around 60,000 barrels a day equivalent.

Hutson also discusses their decommissioning policies in the states where they mainly operate  - Ohio, Pennsylvania, Virginia, West Virginia, Kentucky and Tennessee.

Talks are underway with the Department of Environmental Protection in Pennsylvania over a decommissioning programme.

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Price: 102 GBX

AIM:DGOC
Market: AIM
Market Cap: £670.54 m
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