Diversified Gas & Oil plc (LON:DGOC) CEO Rusty Hutson talks to DirectorsTalk about its positive interim results for the six-month period ended 30 June 2018. Rusty talks us through the key points, how its major acquisitions play in, how the integration process is going for EQT assets, a robust pipeline of opportunities in Appalachia and confidence in reaching an agreement on decommissioning.
Diversified Gas & Oil Plc owns and operates gas and oil producing wells in the Appalachian Basin in the United States. The Company’s operations are based in the neighbouring states of Pennsylvania, Ohio and West Virginia, which cover part of the largest and oldest hydrocarbon producing field in the US, known as the Appalachian Basin. DGO’s strict focus on cost controls, maintained through a combination of labour and cost efficiencies, ensures they maintain low-cost operations, thereby maximising profitability and enabling the company to generate free cash flow and pay a stable dividend, even in a low commodity price environment.