Columbus Energy Resources PLC Operations update - Goudron renewal (1257I)
March 31 2020 - 2:00AM
UK Regulatory
TIDMCERP
RNS Number : 1257I
Columbus Energy Resources PLC
31 March 2020
31 March 2020
COLUMBUS ENERGY RESOURCES PLC
("Columbus", "CERP" or the "Company")
Operations Update - Goudron renewal
Columbus, the oil and gas producer and explorer with operations
in Trinidad and Suriname, notes that the current term of the
Goudron Incremental Production Service Contract ("IPSC") with
Heritage Petroleum Company Limited ("Heritage") is due to expire on
31 March 2020.
The Company confirms that it has reached an agreement with
Heritage to extend the term to 3 April 2020, allowing time for the
Company and Heritage to finalise the agreements for the longer term
extension.
Leo Koot, Executive Chairman, commented:
"We are in the process of negotiating and agreeing with Heritage
the terms and conditions for a long term extension of the Goudron
IPSC. We expect these negotiations to be complete shortly. We are
pleased with the progress we are making and we will update the
market when the agreements are finalised."
Enquiries :
Columbus Energy Resources Plc +44 (0) 207 203 2039
Leo Koot / Tony Hawkins
Beaumont Cornish Limited +44 (0) 20 7628 3396
Nomad
Roland Cornish / Rosalind Hill
Abrahams
VSA Capital +44 (0) 20 3005 5000
Broker
Andrew Monk / Andrew Raca
Notes to Editors:
Columbus Energy Resources Plc is an oil and gas producer and
explorer focused on onshore Trinidad and Suriname. In Trinidad, the
Columbus Energy group has five producing fields, one
appraisal/development project 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. In Suriname, the Company has recently secured an
onshore appraisal/development project. Columbus 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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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contact rns@lseg.com or visit www.rns.com.
END
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