LONDON (ShareCast) - (Sharecast News) - Diversified Gas and Oil told investors on Thursday that trading in the final quarter of 2018 had "remained strong".
The AIM-listed natural resources outfit expects to trade in line with its revised guidance from December, where it told shareholders its results would be "materially ahead" of expectations, thanks to the increased scale and capacity of the business.

DGO dropped just shy of $1bn on wells, acreage and infrastructure in 2018 and now produces around 70,000 barrels of oil equivalent per day - far ahead of its fellow AIM-constituents.

The US-based production firm expects to receive a significant boost from its Core Appalachia operations, acquired in October, and a continued strong performance from its previously integrated operations.

DGO recorded an EBITDA of $23.6m for October alone, pushing it to an EBITDA of $96.3m for the first ten months of 2018.

Diversified Gas and Oil intends to release its fully audited results for the year ended 31 December on 28 February.

As of 1140 GMT, DGO shares had picked up 1.75% to 116p.

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