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Press releases & regulatory news

Press Contact: Buchanan, 107 Cheapside, EC2V 6DN, +44 (0)20 7466 5000, dgo@buchanan.uk.com

December 1, 2017

Acquisition of 550 Wells in Central Ohio

Diversified Gas & Oil PLC (AIM: DGOC),  an Appalachian Basin focused producer of gas and oil, today announces the acquisition of 550 wells in Central Ohio from NGO Development Corporation, Inc. (the “Acquisition”).  The Acquisition purchase price is $3.1 million met in cash from the Company’s existing resources. Net production of the acquired wells is approximately 1,300 mcfe/d or 220 boe/d. 

October 30, 2017

Trading Update

Diversified Gas & Oil PLC (AIM: DGOC), an Appalachian Basin focused producer of gas and oil, is pleased to provide the following production and trading update.

October 2, 2017

Transfer of remaining Titan Assets

Diversified Gas & Oil PLC, (AIM: DGOC) the Appalachian focussed gas and oil producer, announced on 16 June 2017 the proposed acquisition of certain gas and oil assets from Titan Energy LLC (the “Titan Assets”) for a total consideration of $84.2m (the “Acquisition”). The Acquisition was approved by shareholders and completed on 30 June 2017.

September 15, 2017

Director/PDMR Shareholdings

Diversified Gas & Oil PLC, the US based gas and oil producer, announces that it has been notified that yesterday, Martin Thomas and David Johnson, Non-executive Directors of the Company, have each purchased 33,500 ordinary shares of 1p each in the Company (“Ordinary Shares”), at a price of 74.68 pence per Ordinary Share.

July 28, 2017

Result of AGM

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, announces that at its Annual General Meeting held today, all the resolutions were duly passed.

July 28, 2017

AGM Statement Board reorganisation

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, provides the following trading update ahead of its Annual General Meeting to be held at 10.00 am today.

July 7, 2017

Appointment of Chief Financial Officer

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, is pleased to announce the appointment of Eric M. Williams CPA to the management team with immediate effect as Chief Financial Officer. Eric will support the team headed by Finance Director Brad Gray and his responsibilities will include accounting operations, financial reporting and investor relations communications.

June 30, 2017

Completion of Acquisition

Diversified Gas & Oil PLC, the US based gas and oil producer, is pleased to announce that it has completed the acquisition of $72.8 million of assets from the total $84.2 million of assets that comprise the Acquisition.

June 30, 2017

Result of Shareholder Meeting

Diversified Gas & Oil PLC, the US based gas and oil producer, is pleased to announce that all resolutions put to shareholders at the Company’s Shareholder Meeting held earlier today were duly passed.

June 22, 2017

Posting of Annual Report and Accounts and Notice of AGM

Diversified Gas & Oil PLC (“DGO”), the US based gas and oil producer, announces that the Company’s annual report and accounts for the year ended 31 December 2016, together with a Notice of AGM, are being posted to shareholders today. The AGM is to be held at 10.00 a.m. on 28 July 2017 at the offices of Buchanan Communications Limited, 107 Cheapside, London EC2V 6DN.

June 16, 2017

Acquisition, Placing and Readmission to Trading

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, is pleased to confirm that it has finalised the agreement to acquire certain gas and oil assets of Titan Energy, LLC which was announced on 5 May 2017. The Acquisition, which is subject to approval by Shareholders, has been funded through a $110m Loan Facility and a Placing to raise $35m. The Company has today published an Admission Document with details of the Acquisition and Fundraising, and expects that trading in the Company’s Shares on AIM will resume at 8.00am today.

June 15, 2017

Dividend announcement

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, announced its Final Results for the year ended 31 December 2016 on 7 June 2017. The Company stated that details of the recommended final dividend would be included in the Readmission Document and the Board is pleased to announce that it is recommending a final dividend of 1.99 cents per share to be paid to Shareholders on the register on Friday 7 July 2017. Shareholders will be able to elect to receive the dividend in pounds sterling at the US dollar exchange rate on 7 July 2017, being the dividend record date.

June 15, 2017

Update on proposed acquisition

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, is pleased to confirm that it has finalised the agreement to acquire certain gas and oil assets of Titan Energy, LLC (“Titan Assets”) which was announced on 5 May 2017 (the “Acquisition”). Details of the Acquisition will be set out in a new Admission Document and Circular to Shareholders which is expected to be published by not later than 7.00am on 16 June 2017 (the “Admission Document”).

May 31, 2017

Proposed Acquisition of certain gas and oil assets – update

The Company is pleased to confirm that it has made good progress with regard to completing the financing of the Acquisition and in preparing the information required to be included in the new AIM admission document. This exercise is now expected to be completed in mid-June 2017. Upon publication of the new AIM Admission Document the Board expects that trading in the Company’s ordinary shares on AIM will resume, with the only remaining conditionality relating to the closing of the Acquisition being DGO shareholder approval at a General Meeting to be held on or before 30 June 2017.

May 5, 2017

Proposed Acquisition of certain gas and oil assets for $84.2 million New $110m debt facility and proposed placing

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, is pleased to confirm that it has entered into a conditional sale and purchase agreement to acquire certain gas and oil assets of Titan Energy, LLC (the “Acquisition Agreement”) in the Appalachian Basin, principally the states of Ohio, Pennsylvania, southern New York and northeast Tennessee (the “Acquisition”).

April 18, 2017

Closing of Acquisition

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, is pleased to confirm the closing of the acquisition of the package of 1,300 producing oil and gas wells in the states of Ohio and Pennsylvania (the “Acquisition”), initially announced on 24 February 2017.

March 31, 2017

Acquisition of producing Gas and Oil Wells in Ohio and Pennsylvania

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, announced on 24 February 2017 the acquisition of the package of 1,300 producing gas and oil wells in the states of Ohio and Pennsylvania (the “Acquisition”). The Company is pleased to confirm that the Acquisition will close on or before 14 April 2017.

February 3, 2017

First Day of Dealings on AIM

Diversified Gas & Oil PLC, a US based gas and oil producer, is pleased to announce the admission of its issued share capital to trading on AIM. This follows the completion of a placing of 61,000,000 new Ordinary Shares at 65 pence per share to raise $50 million (approximately £39.7 million) (before expenses), giving the Company a market capitalisation of approximately $86.4 million (approximately £68.6 million) on Admission at the Placing Price. The funds raised will be used for the repurchase of Bonds, repayment of existing debt facilities, costs of Admission and working capital requirements of the Group.

January 31, 2017

Results of Offers to Bondholders and Admission to AIM

Further to the announcement made on 19 December 2016, Diversified Gas & Oil PLC, a US based gas and oil producer, confirms the results of the offers made to bondholders of the Company (“Bondholders”) which closed on 13 January 2017, conditional on the Company’s proposed admission to the AIM Market of the London Stock Exchange (“Admission”).