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LSE:DECOTCQX:DECPFFRA:DG2
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Diversified Gas & Oil hikes dividend 7% and is 'well placed to capitalise on compelling new deals'

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 first half rate averaging 95,100 boepd. First-half earnings came in at US$146mln with net income of US$18mln. An interim dividend's also been confirmed at 3.75 cents per share, up 7% on last year.

Quick facts: Diversified Energy Company PLC

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LSE:DEC

Price: 113 GBX

Market Cap: £960.05 m

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Diversified Energy close first half with acquisitions of three asset...

Diversified Energy (LON:DEC) CEO Rusty Hutson joins Proactive London's Katie Pilbeam to go through some of the key themes from their first half of 2021. Hutson also explains the pre-tax loss as a result of non-cash impairment caused by their hedging positions, a common occurrence for all...

on 12/8/21

2 min read