Diversified Gas & Oil PLC (OTCMKTS:DGOCF – Get Rating)’s stock price traded down 3.1% during trading on Thursday . The stock traded as low as $1.15 and last traded at $1.18. 124,678 shares traded hands during trading, an increase of 697% from the average session volume of 15,638 shares. The stock had previously closed at […]
Diversified Gas & Oil PLC (LON:DGOC – Get Rating)’s share price rose 1% during mid-day trading on Thursday . The company traded as high as GBX 121.20 ($1.47) and last traded at GBX 120.80 ($1.47). Approximately 1,092,649 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,727,757 shares. […]
Diversified Gas & Oil PLC (LSE: DGOC) 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 31 March 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: • Acquisition Highlights ◦ ~2.9x multiple on ~$40MM of Adjusted EBITDA (Hedged)
(a) before anticipated synergies
(b) ◦ PV10 ~$175MM as of 1 March 2021 effective date and based on 16 April 2021 NYMEX strip price
A
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Final Results for the Year Ended 31 December 2020 Diversified Gas & Oil PLC (LSE: DGOC) is pleased to announce its annual results for the full-year ended 31 December 2020. Key Highlights ◦ Exceptionally low corporate annual decline rate of ~7% including both conventional and unconventional wells ◦ DGO stands as the largest independent producer on the London Stock Exchange ( LSE ) • Hedged Adjusted EBITDA
1 of $301 million (up 10% over $273 million in 2019) bolstered by hedge cash settlements of $145 million that significantly offset low natural gas prices ◦ Indicative of the improved natural gas pricing outlook that creates a non-cash pre-tax mark-to-market hedge valuation loss of $239 million, the Group reported a net loss of $23 million in 2020 (2019: $99 million net income inclusive of a pre-tax non-cash mark-to-market hedge valuation gain of $20 million)