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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, keeping costs down through its Smarter Well Management program, and the integration of acquired assets. He adds the company has been able to maintain a flat production profile in its legacy assets for the last 16 months.

Quick facts: Diversified Gas & Oil PLC

Price: 106 GBX

LSE:DGOC
Market: LSE
Market Cap: £749.71 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