Diversified Gas & Oil PLC Announces Conditional Acquisition in New Regional Focus Area and Trading Update
BIRMINGHAM, AL / ACCESSWIRE / April 30, 2021 / London LSE-quoted Diversified Gas & Oil PLC (LSE:DGOC) ("DGO" or "the Company"), announces the $135 million (gross) conditional acquisition of certain Cotton Valley upstream assets and related facilities primarily in the state of Louisiana ("the Assets") from Indigo Minerals LLC ("Indigo"), (the "Acquisition") and the following operations and trading update for the quarter ended March 31, 2021.
The Acquisition represents the first for the Company in its newly identified "Central" Regional Focus Area ("RFA") where it expects to replicate its proven business model on an expanded opportunity set: