Drilling in the South West Peninsula
29 July 2019
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Drilling in the South West Peninsula
Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to provide further information on its planned drilling campaign in the South West Peninsula, Trinidad.
A consolidated presentation is available on the Company's website under the Investors tab, Reports, Documents & Presentations. https://columbus-erp.com/investors/reports-and-documents/
Leo Koot, Executive Chairman of Columbus, commented:
"The Company is continuing with the detailed planning for the drilling of a well in the South West Peninsula, Trinidad. Having identified the Saffron and Clove prospects, the Company is currently seeking the permits and negotiating the contracts necessary to drill each of those prospects. A final decision as to which prospect to drill will be made closer to the spud date. A successful well in the South West Peninsula will transform the Company and we look forward to keeping our shareholders updated as to progress. Consolidated information on the Saffron and Clove prospects can be found in a new presentation available on our website."
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Qualified Person's statement:
The information contained in this document has been reviewed and approved by Stewart Ahmed, Chief Technical Officer (Trinidad), for Columbus Energy Resources plc. Mr Ahmed has a BSc in Mining and Petroleum Engineering and is a member of the Society of Petroleum Engineers. Mr Ahmed has over 33 years of relevant experience in the oil industry.
Columbus Energy Resources plc
Leo Koot / Gordon Stein
+44 (0)20 7203 2039
VSA Capital Limited
Financial Adviser and Broker
Andrew Monk / Andrew Raca
+44 (0)20 3005 5000
Beaumont Cornish Limited
Roland Cornish / Rosalind Hill Abrahams
+44 (0)20 7628 3396
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America. The Columbus Energy group has five producing fields, an appraisal/development project and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. Columbus is cashflow positive and aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.
Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.
The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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Market Cap: £27.94 m
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