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Diversified Energy Company PLC: Diversified Energy Announces Conditional Acquisition With Oaktree Participation

Diversified Energy Company PLC: Diversified Energy Announces Conditional Acquisition With Oaktree Participation
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Diversified Energy Announces Conditional Acquisition With Oaktree Participation

Diversified Energy Announces Conditional Acquisition With Oaktree Participation
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Diversified Energy Company PLC: Diversified Energy Announces Second Acquisition of Assets in Newly Defined Central Regional Focus Area

BIRMINGHAM, AL / ACCESSWIRE / May 28, 2021 / London LSE-Listed Diversified Energy Company (LSE:DEC) ("Diversified" or the "Company"), announces that on May 21, 2021 it entered into a conditional agreement

Diversified Energy Announces Second Acquisition of Assets in Newly Defined Central Regional Focus Area

Diversified Energy Announces Second Acquisition of Assets in Newly Defined Central Regional Focus Area
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Diversified Energy Company PLC raises a further US$225mln as it doubles up in new focus area

Follow Jamie on: Diversified Energy raises a further US$225mln as it doubles up in new focus area Two quickfire deals see the company establish 32,000 boepd of production in a new focus area for just over US$300mln Diversified Energy Company PLC (LON:DEC) confirmed it has raised US$225mln in a placing and retail offer as it advances its latest acquisition. It will issue 141.5mln new shares at 112p per share. Proceeds will cover the cost of the newly announced Blackbeard acquisition which sees the company pick up another 820 wells producing 16,000 barrels oil equivalent per day (boepd) in its recently established Central regional focus area (RFA). The deal consideration is US$166mln.

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