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Full interview: Diversified Gas & Oil generating 'strong levels of free cash' as it prepares for Main Market move

Diversified Gas & Oil PLC's (LON:DGOC) chief executive Rusty Hutson speaks to Proactive's Andrew Scott following the release of its 2019 results.

DGOC exited the year with production of around 94,800 barrels oil equivalent per day from its long-lived wells.

Hutson says dividends are protected by a hedging programme which sees 90% of 2020 production at a floor gas price of US$2.70 per mmbtu and 66% of next year currently covered with a floor of US$2.66 per mmbtu.

Quick facts: Diversified Gas & Oil PLC

Price: 102.8 GBX

LSE:DGOC
Market: LSE
Market Cap: £727.08 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