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Diversified Gas & Oil completes on Alliance Petroleum acquisition

Rusty Hutson from Diversified Gas & Oil (LON:DGO) tells Proactive daily gas production has doubled following the acquisition of Appalachian Basin gas producer Alliance Petroleum.

The deal has now completed for a total consideration of US$95mln (£66.9mln) comprising the purchase price of US$70mln plus US$25mln of debts.

Hutson also says the planned acquisition of CNX in on track to be completed by the end of March.

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