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Diversified Gas & Oil PLC's latest deal 'fits like a glove' with Appalachia assets

Rusty Hutson, Diversified Gas's (LON:DGOC)  chief executive, tells Proactive that Core Appalachia fits perfectly with its recent purchases in the Appalachian Basin.

The deal also brings 4,100 miles of gas pipelines with associated transmission fees plus the opportunity to add revenue from non-gas liquids (NGLs).

DGOC is now a 70,000 boe per day producer, he says, which makes it among the top of those listed in London and the largest on AIM.

Quick facts: Diversified Gas & Oil PLC

Price: 103 GBX

AIM:DGOC
Market: AIM
Market Cap: £673.06 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,...

on 14/11/19

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