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Energy

Diversified Gas & Oil Plc has raised funds to acquire two oil and gas producing businesses

Diversified Gas & Oil Plc (DGO) has raised US$189 million through an equity share placing to fund the acquisition of two oil and gas producing businesses located in the north east of the US: Alliance Petroleum Corporation for US$95 million (including repayment of US$25 million of debt) and the proposed acquisition of a group of gas and oil producing assets from a NYSE listed energy group for a cash consideration of US$85 million.

DGO is an independent gas and oil producer in the Appalachian Basin in the US.

Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor (Nomad) to DGO on the acquisitions and the share placing.

Service
Funding, debt advisory & ECM
Parties

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 Brian  Livingston

Brian Livingston

Managing Director

London, United Kingdom
Oaklins Smith & Williamson

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