Diversified Gas & Oil (DGO) has announced that the Company's bank lending group has completed the semi-annual redetermination of the Company's senior secured credit facility and reaffirmed the existing US$425m borrowing base with no changes to pricing, covenants or other material terms. Despite a challenging market and a backdrop of many borrowing base reductions, DGO has once again proved the strength of its production-led long-life, low-decline business model.
Elsewhere, the US Energy Informa ....
09 Apr 2021
Cenkos: Diversified Gas & Oil Plc -- Reaffirmation of Borrowing Base and EIA Energy Outlook
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Cenkos: Diversified Gas & Oil Plc -- Reaffirmation of Borrowing Base and EIA Energy Outlook
Diversified Energy Company PLC (DEC:LON) | 1,084 -97.5 (-0.8%) | Mkt Cap: 515.2m
- Published:
09 Apr 2021 -
Author:
James McCormack -
Pages:
7
Diversified Gas & Oil (DGO) has announced that the Company's bank lending group has completed the semi-annual redetermination of the Company's senior secured credit facility and reaffirmed the existing US$425m borrowing base with no changes to pricing, covenants or other material terms. Despite a challenging market and a backdrop of many borrowing base reductions, DGO has once again proved the strength of its production-led long-life, low-decline business model.
Elsewhere, the US Energy Informa ....