Diversified Gas & Oil (DGO) has grown exponentially since listing on AIM in February 2017. The company’s acquisition-led strategy has enabled it to amass over 6.5m net acres in the US Appalachian Basin, taking net production to 32.5kboed in FY18, underpinned by a 1P PDP 393mmboe net reserve base. We see potential for further inorganic growth, diligent management of existing well stock and infill drilling in the event of a gas price recovery to provide a platform for further growth.
01 Oct 2018
Diversified Gas & Oil - Mature US onshore production consolidation
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Diversified Gas & Oil - Mature US onshore production consolidation
Diversified Energy Company PLC (DEC:LON) | 1,082 -216.3 (-1.8%) | Mkt Cap: 514.5m
- Published:
01 Oct 2018 -
Author:
Sanjeev Bahl -
Pages:
23
Diversified Gas & Oil (DGO) has grown exponentially since listing on AIM in February 2017. The company’s acquisition-led strategy has enabled it to amass over 6.5m net acres in the US Appalachian Basin, taking net production to 32.5kboed in FY18, underpinned by a 1P PDP 393mmboe net reserve base. We see potential for further inorganic growth, diligent management of existing well stock and infill drilling in the event of a gas price recovery to provide a platform for further growth.