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Diversified Gas & Oil plc

INTERVIEW: Diversified Gas and Oil Another material acquisition

Diversified Gas & Oil plc (LON:DGOC) CEO Rusty Hutson talks to DirectorsTalk about the acquisition of Core Appalachia Holding Co LLC for a total consideration of $183 million. Rusty talks us through the highlights of the transaction, explains how this helps to optimise the assets bought previously in the year, the rationale behind the move and further opportunities in the Appalachian Basin.

Diversified Gas & Oil PLC is an operator of oil and gas producing assets. Its innovative, disciplined investment strategy is focused on the acquisition of mature, low-decline and low-risk wells, enhancement of operations with a focus on efficiency, and maximization of profitability for shareholders. Founded in 2001, DGO has deep roots in the mineral-rich Appalachian United States, and currently produces approximately 500,000 mcfe/day of natural gas.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.