Diversified Gas & Oil (DGO) has announced its H120 production, which averaged 95.1kboed. DGO's Smarter Well Management programme continues to offset the natural declines in its legacy assets, delivering average production of 69.4kboed during the period. The financial results were not vastly affected by COVID-19 since DGO’s strong hedging programme protects cash flows. Historically low commodity prices led to a decline in unhedged revenues; however, derivative contract settlements st
09 Sep 2020
Diversified Gas & Oil - Strong balance sheet allows for dividend increase
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Diversified Gas & Oil - Strong balance sheet allows for dividend increase
Diversified Energy Company PLC (DEC:LON) | 946 0 0.0% | Mkt Cap: 449.8m
- Published:
09 Sep 2020 - Author:
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Diversified Gas & Oil (DGO) has announced its H120 production, which averaged 95.1kboed. DGO's Smarter Well Management programme continues to offset the natural declines in its legacy assets, delivering average production of 69.4kboed during the period. The financial results were not vastly affected by COVID-19 since DGO’s strong hedging programme protects cash flows. Historically low commodity prices led to a decline in unhedged revenues; however, derivative contract settlements st