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

Published: 15:46 11 Oct 2018 BST

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.

Diversified Energy announces closing of innovative deal to unlock current...

  Diversified Energy CEO Rusty Hutson joined Steve Darling from Proactive to share news regarding an innovative transaction that the company has closed. This transaction has allowed Diversified Energy to unlock additional value from its existing asset base while also improving liquidity and...

on 1/2/24