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BOLT restructuring propels Columbus Energy into a 'different league'

Leo Koot, executive chairman of Columbus Energy PLC (LON:CERP), discusses with Proactive the restructuring of the Beach Oilfield Limited (BOLT) transaction in the South West Peninsula of Trinidad.

''Up until now we've been focused on Goudron and Goudron production ... this deal gives us the opportunity to allow Goudron to do what it does ... but the big growth is in this deal in the South West Peninsula.

''What we've now achieved in this new deal is that we've got contractual relationships with the landowners as opposed to a company which is between us and the landowners ... that gives us way more security and control over what we're going to do''.

Quick facts: Columbus Energy Resources PLC

Price: 4.1 GBX

Market: AIM
Market Cap: £34.15 m

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