Buchanan advised on largest oil and gas IPO in London for over two years
Buchanan advised on the AIM listing of Diversified Gas and Oil (“DGO”) which celebrated its first day of dealings on Friday 3 February. DGO, focused on production from the Appalachian Basin in United States, successfully raised $50m with blue chip institutional investors, making it the largest oil and gas listing in London for two and half years.
DGO is advised by Buchanan’s sector specialist team, led by Ben Romney and supported by Chris Judd and Henry Wilson.
Ben Romney, Partner at Buchanan, commented, “We are delighted to have provided strategic counsel for DGO’s listing. DGO offers a highly compelling investment proposition, as supported by the size of the Placing and quality of the participants. We look forward to providing DGO with our full communications offering as the company begins its life on AIM.”
Robert ‘Rusty’ Hutson, founder and CEO of DGO, added, “We’re extremely pleased with the service which Buchanan has provided and I have found their advice and communications support to have been of the highest quality.”