Diversified Gas & Oil PLC Appointment of Chief Financial Officer
July 07 2017 - 2:00AM
RNS Non-Regulatory
TIDMDGOC
Diversified Gas & Oil PLC
07 July 2017
7 July 2017
Diversified Gas & Oil PLC
("DGO" or the "Company")
RNS REACH
Strengthening Management Team
Appointment of Chief Financial Officer
Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and
oil producer, is pleased to announce the appointment of Eric M.
Williams CPA to the management team with immediate effect as Chief
Financial Officer. Eric will support the team headed by Finance
Director Brad Gray and his responsibilities will include accounting
operations, financial reporting and investor relations
communications.
Eric joins from Callon Petroleum (NYSE: CPE), an oil and gas
company with annual revenues of US$200 million, where he was
Manager of Finance and responsible for the company's investor
relations and related corporate finance activities.
During Eric's more than 7 years with Callon Petroleum, the
company grew significantly from a market capitalisation of US$40
million, to over US$3.5 billion, successfully transforming itself
from a deep-water, non-operational company to an onshore, pure-play
operator. He was instrumental in enhancing and developing the
financial reporting streams and establishing a formal investor
relations function as Callon's communications requirements
increased. Eric began his career in the Birmingham, Alabama office
of PWC. Prior to his time at Callon Petroleum, Eric's career
included various audit, accounting and financial reporting roles
with several US publicly traded companies.
Rusty Hutson, Jr., Chief Executive Officer of DGO, said:
"I'm delighted to have Eric as part of the team at DGO. We have
undergone a significant period of growth and continue to look to
build on our experienced team to help support our objectives.
Eric's impressive wealth of financial accounting and investor
relations experience will be crucial as we continue to grow our
business, execute our stated strategy and deliver value to our
shareholders.
Brad Gray, Finance Director and Chief Operating Officer of DGO,
said:
"We welcome the big company experience that Eric is bringing to
DGO and our existing management team. Eric has all the skills that
we need at this exciting time in our company's development."
Eric assumed his role on 7 July 2017 and will be based in the
head office in Birmingham, Alabama.
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief Executive
Officer
Brad Gray, Finance Director + 1 (205) 408
www.diversifiedgasandoil.com 0909
Smith & Williamson Corporate
Finance Limited
(Nominated Adviser & Joint Broker)
Russell Cook
Katy Birkin +44 20 7131 4000
Mirabaud Securities LLP (Lead
Broker)
Peter Krens
Edward Haig-Thomas +44 20 3167 7221
Buchanan (Financial Public Relations)
Ben Romney
Chris Judd
Henry Wilson
dgo@buchanan.uk.com +44 20 7466 5000
About Diversified Gas & Oil
Diversified Gas & Oil PLC owns and operates gas and oil
producing wells in the Appalachian Basin, one of the largest oil
and gas fields in the US. The Company was founded in 2001 and has
grown rapidly in recent years, capitalising upon opportunities to
acquire conventional, low risk gas and oil producing assets. After
the completion of its most recent acquisition, DGO will have a
total, gross daily production of approximately 18,300 boepd. DGO
was admitted to trading on AIM in February 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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