It is acquiring a package of 390 wells currently producing 14,000 barrels oil equivalent per day (boepd), of which 96% is natural gas, alongside co-investor Oaktree Capital Management.
Hutson explains how these various acquisitions complement each other and details the operating efficiencies and synergies. Diversified is focussed on natural gas which he says has an important role in the energy transition.
He says, ‘my goal is to develop size and scale that puts us up in 2-3bln market range, with possible dual listing’.
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