11th Oct 2019 10:00
(Alliance News) - Columbus Energy Resources PLC on Friday said it is ready to start drilling operations at the Saffron well in the south west peninsula, Trinidad.
The oil & gas producer said the drilling rig to be used for drilling the Saffron well is now on location and ready to commence drilling operations, which is expected to occur in the next "few days", following official Ministry inspection and approval.
"The company is pleased that the rig is on site and we are ready to commence drilling operations in the next few days," said Executive Chair Leo Koot.
"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," Koot added.
Columbus shares were trading flat on Friday in London at 4.00 pence each.
By Evelina Grecenko; [email protected]
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