Watson Farley & Williams (“WFW”) has advised Diversified Gas & Oil PLC (“DGO”) in connection with its US$84.2m reverse takeover of certain oil and gas assets of Titan Energy, LLC. This transaction was funded through a new US$110m loan facility and a share placing on AIM to raise US$35m.
Headquartered in Birmingham, Alabama, DGO has grown dramatically in recent years, acquiring conventional low-risk oil and gas assets in the Appalachian Basin in the north-east of the US from larger production and exploration companies that are increasingly focusing on shale production.
The WFW London corporate team advising DGO was led by Martin Thomas (Picture), assisted by Senior Associate Danny Heathwood, Associate Andrea Bhamber and Trainee Clementine Freeth.
Law Firms: Watson Farley & Williams;
Clients: Diversified Gas & Oil PLC;