logo-loader
viewColumbus Energy Resources PLC

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

AIM:CERP
Market: AIM
Market Cap: £34.15 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Columbus Energy Resources PLC named herein, including the promotion by the Company of Columbus Energy Resources PLC in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Zoetic reports 'significant' first half as CBD shift continues

Headlines from the Proactive UK newsroom. Zoetic International plc (LON:ZOE) reported higher revenues in its first half as the company continued its pivot towards the cannabidiol (CBD) markets. In a trading update the firm posted revenues of £1.15mln in the six months to the end of September,...

2 weeks, 1 day ago

2 min read