Diversified Gas & Oil Plc To Acquire Assets From EdgeMarc Energy Holdings

  • Aug 29, 2019 BST
  • Team Kalkine

Diversified Gas & Oil Plc (AIM: DGOC), has received the approval of the Seller and the United States Bankruptcy Court for the asset purchase agreement with EdgeMarc Energy Holdings, LLC, and certain of its subsidiaries. As per the agreement and further closing conditions, Diversified Gas & Oil Plc will acquire EdgeMarc's natural gas development, production and exploration assets for a total cash consideration of $50 million.

On 29th August 2019, at the time of writing, GMT 08:07 AM, DGOC shares were trading at GBX 103.50, up by 2.00 points or 1.97% against the previous day closing price.

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