Update on Saffron Well
Updated : 07:03
11 October 2019
COLUMBUS ENERGY RESOURCES PLC
("Columbus" or the "Company")
Update on Saffron well - Rig ready to commence drilling operations
Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, provides the following update about the Saffron well in the South West Peninsula, Trinidad.
The drilling rig to be used for drilling the Saffron well (Talon #38) is now on location and ready to commence drilling operations. The drilling operations will commence in the next few days following official Ministry inspection and approval.
Leo Koot, Executive Chairman of Columbus, commented:
"The Company is pleased that the rig is on site and we are ready to commence drilling operations in the next few days. The Company notes that its preferential access to the Talon #38 rig means there is no material cost whilst waiting for the drilling operations to commence."
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Contact Information
Columbus Energy Resources plc Leo Koot / Gordon Stein | +44 (0)20 7203 2039 |
VSA Capital Limited Financial Adviser and Broker Andrew Monk / Andrew Raca | +44 (0)20 3005 5000 |
Beaumont Cornish Limited Nominated Adviser Roland Cornish / Rosalind Hill Abrahams | +44 (0)20 7628 3396 |
Celicourt Communications Public and Investor Relations Mark Antelme / Jimmy Lea | +44 (0)20 8434 2643 |
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. The Columbus Energy group has five producing fields, two appraisal/development projects and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. Columbus is operationally cashflow positive and aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.
Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.
The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business. To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP.
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