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Columbus Energy Resources PLC

LGO Energy 'beginning to take shape again', says Neil Ritson

LGO Energy PLC (LON:LGO) expects to receive approval for the first well in a new drilling campaign in Trinidad before January after submitting a formal request to start work on the first infill well on the Goudron Field.

CEO Neil Ritson tells Proactive: ''We've made the application for the first, specific location on our programme of infill ... we've currently got 45 wells outlined approval and we're going in for the first one of those''.

''Further applications for additional wells for a programme of maybe 10 initial wells, from the 45, will be filed over the next few weeks and months and we're negotiating on a rig so we're beginning to take shape again''.

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Price: £0.05

Market: AIM
Market Cap: £38.32 m
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Columbus Energy's Koot details upcoming drill programme and significant new deal

Leo Koot, chief executive of Columbus Energy Resources PLC (LON:CERP), talks Proactive London's Andrew Scott through the plans for an upcoming drill campaign on the South West Peninsula as well as touches on some of the early detail around an 'exclusive M&A deal' which he's currently...

on 17/4/19

2 min read