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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: 103.8 GBX

LSE:DGOC
Market: LSE
Market Cap: £734.15 m
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Diversified Gas & Oil hikes dividend 7% and is 'well placed to capitalise on...

Diversified Gas & Oil PLC’s (LON:DGOC) Rusty Hutson tells Proactive that despite the recent volatility in commodity prices – the company is well positioned to capitalise on opportunities. The company produced 109,000 barrels oil equivalent per day (boepd) for the month of June, with the...

on 10/8/20

2 min read