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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.

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Price: 102 GBX

AIM:DGOC
Market: AIM
Market Cap: £671.37 m
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Full interview: Diversified Gas & Oil boosts production by 10% in third quarter

Diversified Gas & Oil PLC (LON:DGOC) CEO Rusty Hutson tells Proactive New York that the company has flagged up third-quarter production growth of 10%, at 91,100 barrels oil equivalent per day (boepd) compared to its 2Q. Hutson says growth is being driven by its current hedge program,...

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