AIM-listed Diversified Gas & Oil has signed a non-binding letter of intent to buy a network of gas and oil producing assets in the Appalachian Basin in western Pennsylvania and eastern Ohio, for $575m in cash. The assets comprise around 11,350 wells with current net total gas production of 32.1 million barrels of oil equivalent per day, which will represent an increase in the net daily output of around 114% over the company's daily production levels at the end of March. The consideration for the ...Den vollständigen Artikel lesen ...