18 October 2019
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to confirm that an updated Company Presentation has been made available on its website.
The updated presentation provides details on the Company in general, including on the Saffron Prospect and the South West Peninsula, and now includes details of the Weg Naar Zee Block onshore Suriname which was announced by the Company on 4 October 2019. The presentation also shows the various catalysts for growth which the Company will be progressing over the next 15 months and beyond and can be accessed from the following link
Leo Koot, Executive Chairman of Columbus, commented:
"The Company is pleased to provide further details on the portfolio of opportunities available to Columbus in the next 12 - 18 months. We remain excited by the many catalysts for growth, in particular the Saffron well in the South West Peninsula, the CO2 project we are progressing with Predator Oil & Gas and our new country entry on the Weg Naar Zee Block which the presentation shows is part of the Guyana/Suriname basin.
With regard to the Saffron well, we are going through final preparations at the drill location and would expect to announce the spud of the well next week".
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
Public and Investor Relations
Mark Antelme / Jimmy Lea
+44 (0) 20 8434 2643
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname 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 has also recently secured an onshore appraisal/development project in Suriname.
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.
Quick facts: Columbus Energy Resources PLC
Market Cap: £22.05 m
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