Co-founder and CEO Rusty Hutson Jr. and CFO Eric Williams will provide an introduction to Diversified Gas and Oil and will present the HY results covering the six month period ending 30th June 2020 which will be released on 10 August.
Diversified Gas & Oil PLC (DGO) is an established, independent owner and operator of producing natural gas & oil wells concentrated in the Appalachian Basin in the United States. Their field operations are densely located throughout the neighboring states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, and Pennsylvania, where they are one of the largest independent conventional producers.
They have grown rapidly over the last few years, capitalising upon opportunities to acquire and enhance producing assets in our region of focus, and leveraging the operating efficiencies that come with economies of scale.
Diversified has distributed regular and increasing dividends to shareholders and targets shareholder returns of 40% of Free Cash Flow