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Columbus Energy Resources PLC

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 putting the finishing touches to.

First quarter 2019 production was down ( 602 bopd on average )
however Koot says this is a reflection of their strategy focusing on profit over production - particularly in the current lower oil price environment.

Quick facts: Columbus Energy Resources PLC

Price: £0.03

Market: AIM
Market Cap: £23.85 m
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'It's the year we've been waiting for' - Columbus Energy's Leo Koot on 2019

Leo Koot, chairman of Columbus Energy Resources PLC (LON:CERP), tells Proactive London's Andrew Scott the company achieved its targeted end of year peak production rate of 1,000 barrels of oil per day. Koot says output hit 1,021 bopd in late December while the average rate for the fourth...

on 9/1/19

2 min read