Update on Proposed Acquisition

RNS Number : 3887E

Diversified Gas & Oil PLC

09 February 2018

 

9 February 2018

Diversified Gas & Oil PLC

("DGO" or the "Company")

Update on Proposed Acquisition of certain Appalachian oil and gas assets

Diversified Gas & Oil PLC (AIM: DGOC), announced on 31 January 2018 details of the proposed acquisition of certain Appalachian producing gas and oil assets (the "Assets") from CNX Gas Company LLC ("CNX"), an NYSE listed energy company.  DGO is pleased to confirm that it has entered into a conditional sale and purchase agreement with CNX in relation to the Assets and that the transaction is expected to be completed on 30 March 2018.

Further details of the transaction will be announced in due course.

Unless otherwise stated, defined terms used in this announcement have the same meaning as set out in the Company's circular dated 1 February 2018 available on the Company's website at www.diversifiedgasandoil.com.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information contact:

Diversified Gas & Oil PLC Rusty Hutson Jr., Chief Executive Officer Brad Gray, Finance Director Eric Williams, Chief Financial Officer www.diversifiedgasandoil.com	+ 1 [phone]
Smith & Williamson Corporate Finance Limited Nominated Adviser & Joint Broker Russell Cook Katy Birkin	[phone]
Mirabaud Securities Limited Joint Broker Peter Krens Edward Haig-Thomas	[phone]
Stifel Nicolaus Europe Limited  Joint Broker Callum Stewart Nicholas Rhodes Ashton Clanfield	[phone]
Buchanan Financial Public Relations Ben Romney Chris Judd Henry Wilson [e-mail]	[phone]

 

END

 

 

ACQTPMMTMBJMTFP