Acquisitive oiler Diversified Gas & Oil PLC (LON:DGOC) has confirmed that trading in the final weeks of 2018 “remained strong”.
Having spent almost US$1bn on parcels of wells, acreage and infrastructure, the AIM company currently produces around 70,000 barrels of oil equivalent per day (boepd) – a level of output beyond the dreams of even the junior market’s most ambitious explorers.
Last month, Diversified told investors that its 2018 results would be “materially ahead” of expectations. Given the solid finish to the year, it still expects to meet the improved guidance.
Full-year results for the 12 months ended 31 December will be published on 28 February.
Shares climbed 1.1% to 115.3p in early deals on Thursday.