logo-loader
viewDiversified Gas & Oil PLC

DGOC delivering on growth strategy as production exceeds 60,000 barrels

Rusty Hutson, chief executive of Diversified Gas & Oil PLC (LON:DGOC), caught up with Proactive's Andrew Scott to discuss the first half of 2018 - what the group's described as “a period of transformative growth” following the Alliance and CNX acquisitions.

July’s deal to acquire US$575mln of assets from EQT Corporation came after the reporting period ended.

Daily production averaged 19,300 barrels of oil equivalent per day, and, the period’s ‘exit rate’ measured 27,000 boepd – whereas the EQT deal's expected to lift the daily rate above 60,000 boepd.

Quick facts: Diversified Gas & Oil PLC

Price: 99.5 GBX

LSE:DGOC
Market: LSE
Market Cap: £703.74 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Diversified Gas & Oil PLC named herein, including the promotion by the Company of Diversified Gas & Oil PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Diversified Gas & Oil makes big move to advance to the Main Market

Diversified Gas & Oil PLC (LON:DGOC) CEO Rusty Hutson tells Proactive the company has made the move to the premium segment of the London Stock Exchange. Hutson says the move will potentially improve liquidity and the valuation of its shares, and a larger number of institutional investors...

on 18/5/20

2 min read