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Energy

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

January 2018 — 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.

Our role in the transaction

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

Talk to the deal team

Carolina Coquim

Manager
London, United Kingdom
Oaklins S&W

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