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Full interview: Diversified Gas & Oil generating 'strong levels of free cash' as it prepares for Main Market move

Diversified Gas & Oil PLC's (LON:DGOC) chief executive Rusty Hutson speaks to Proactive's Andrew Scott following the release of its 2019 results.

DGOC exited the year with production of around 94,800 barrels oil equivalent per day from its long-lived wells.

Hutson says dividends are protected by a hedging programme which sees 90% of 2020 production at a floor gas price of US$2.70 per mmbtu and 66% of next year currently covered with a floor of US$2.66 per mmbtu.

Quick facts: Diversified Gas & Oil PLC

Price: 106.4 GBX

AIM:DGOC
Market: AIM
Market Cap: £752.34 m
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Diversified Gas & Oil makes big move to advance to the Main Market

Diversified Gas & Oil PLC (LON:DGOC) CEO Rusty Hutson tells Proactive the company has made the move to the premium segment of the London Stock Exchange. Hutson says the move will potentially improve liquidity and the valuation of its shares, and a larger number of institutional investors...

2 weeks, 1 day ago

2 min read