LGO Energy PLC’s (LON:LGO) much talked about reboot officially comes into effect on Thursday, with the name change to Columbus Energy Resources Plc.
New chief executive Leo Koot is steering the ship to new opportunities, seen in South America rather than the West Indies, where the group’s core assets presently are.
“I am excited about the inherent value that I see in this business and look forward to implementing a strategy to unlock that value,” Koot said last month.
“The company's current asset portfolio is strong, we are growing our production and generating cash.
“We are seeing ever more investment flowing back in to the sector. These are excellent fundamentals from which to grow the business.”
The shares start trading on London’s AIM market under the new name on Thursday morning.
Columbus will, meanwhile, pitch the group’s new plans at a re-branding launch event in the City.
Thursday’s agenda
Interim: Safestore Holdings PLC (LON:SAFE)
Finals: Majestic Wine PLC (LON:WINE); Consort Medical PLC (LON:CSRT)
Trading Statements: Drax Group PLC (LON:DRX); PZ Cussons PLC (LON:PZC)