Diversified Gas & Oil is paying $575m for further oil and gas assets in the Appalachia basin. This will enhance earnings as well as enable a significant increase in dividend. The deal is partly financed by a placing raising £189.5m at 97p a share. This is the third time in little more than 12 months that Diversified has raised cash at a share price above the flotation price.
10 Jul 2018
AIM Journal
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- Published:
10 Jul 2018 -
Author:
Marriott Harrison -
Pages:
12
Diversified Gas & Oil is paying $575m for further oil and gas assets in the Appalachia basin. This will enhance earnings as well as enable a significant increase in dividend. The deal is partly financed by a placing raising £189.5m at 97p a share. This is the third time in little more than 12 months that Diversified has raised cash at a share price above the flotation price.