Completion of acquisition

RNS Number : 8155J

Diversified Gas & Oil PLC

30 June 2017

 

30 June 2017

Diversified Gas & Oil PLC

("DGO" or the "Company")

Completion of acquisition of certain gas and oil assets of Titan Energy, LLC (the "Acquisition")

Diversified Gas & Oil PLC, the US based gas and oil producer, is pleased to announce that it has completed the acquisition of $72.8 million of assets from the total $84.2 million of assets that comprise the Acquisition.

The remaining $11.4 million of assets are held within a public partnership structure which will be transferred to the Company after Completion, on or before 30 September 2017. A further announcement will be made once the Acquisition of the remaining assets has been completed.

Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Brad Gray, Finance Director www.diversifiedgasandoil.com	+ 1 [phone]
Smith & Williamson Corporate Finance Limited (Nominated Adviser & Joint Broker) Russell Cook Katy Birkin	[phone]
Mirabaud Securities LLP (Sole Bookrunner & Lead Broker) Peter Krens Edward Haig-Thomas	[phone]
Buchanan (Financial Public Relations) Ben Romney Chris Judd Henry Wilson [e-mail]	[phone]

Defined terms used in this announcement have the same meaning as set out in the Company's Admission Document dated 16 June 2017.

 

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