In line with the Company's strategy of acquiring non-core, cash accretive assets, Diversified Gas & Oil (DGO) has this week, announced several bolt-on acquisitions. In West Virginia and Pennsylvania, the Company announced the acquisition of two separate natural gas gathering systems for an aggregate consideration of US$7.5m. This complementary acquisition will provide an additional US$3m per annum in revenue and provide beneficial optionality, allowing the Company to re-route gas to sales points ....
30 Aug 2019
Cenkos: Diversified Gas & Oil Plc - Strategic Acquisitions
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Cenkos: Diversified Gas & Oil Plc - Strategic Acquisitions
Diversified Energy Company PLC (DEC:LON) | 1,094 -21.9 (-0.2%) | Mkt Cap: 520.7m
- Published:
30 Aug 2019 -
Author:
James McCormack -
Pages:
7
In line with the Company's strategy of acquiring non-core, cash accretive assets, Diversified Gas & Oil (DGO) has this week, announced several bolt-on acquisitions. In West Virginia and Pennsylvania, the Company announced the acquisition of two separate natural gas gathering systems for an aggregate consideration of US$7.5m. This complementary acquisition will provide an additional US$3m per annum in revenue and provide beneficial optionality, allowing the Company to re-route gas to sales points ....