On Thursday, DGO announced that it had entered into a “stalking horse” conditional asset purchase agreement with EdgeMarc Energy Holdings LLC, to acquire certain oil and natural gas development assets in Ohio for US$50m. The acquisition will be fully funded from the Company's existing cUS$335m of liquidity. EdgeMarc Energy Holdings and eight affiliated debtors each filed for Chapter 11 bankruptcy relief on the 15 May, with the Company's Pennsylvania production having been significantly curtailed ....
29 Jul 2019
Cenkos: Diversified Gas & Oil Plc - EdgeMarc Energy Holdings
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Cenkos: Diversified Gas & Oil Plc - EdgeMarc Energy Holdings
Diversified Energy Company PLC (DEC:LON) | 1,079 0 0.0% | Mkt Cap: 513.1m
- Published:
29 Jul 2019 -
Author:
James McCormack -
Pages:
4
On Thursday, DGO announced that it had entered into a “stalking horse” conditional asset purchase agreement with EdgeMarc Energy Holdings LLC, to acquire certain oil and natural gas development assets in Ohio for US$50m. The acquisition will be fully funded from the Company's existing cUS$335m of liquidity. EdgeMarc Energy Holdings and eight affiliated debtors each filed for Chapter 11 bankruptcy relief on the 15 May, with the Company's Pennsylvania production having been significantly curtailed ....