RE: What have I missed6 May 2020 13:23
An excellent summary from this morning.............!
Wailun_90
Posts: 32
Price: 2.30
No Opinion
RE: First impressionsToday 07:26
Columbus energy brought in Leo 3 years ago thanks to Gordon our cfo, at that time Cerp was operating on just 1 field which was goudron. They also had SWP but the terms wasn’t negotiated by previous team. Their first priority was to get gourdron field assets producing cash flow positive which they achieved 550bopd, then they went onto renegotiate swp they achieved that with far better terms in our favour, Shortly after they Cerp expanded their footprint in southern Trinidad with the acquisition of Steeldrum to derisk their portfolio as they operated in the same region and it made sense. They went from operating 1 field to 5 fields. If I remember correctly they bought out another company operating a field with Cerp 50/50 to have full control over the swp don’t remember who that company is now. They sorted out issues in Spain Left by previous team. After that it’s new country entry they signed psc for weg naar zee block in Suriname last year. Then it’s drilling saffron well In swp and most people knows what happened next. I’m happy with how far they have come and looking forward to the future, the company is going in the right direction with Leo and team on board.
All the best (I'm sure Wailun_90 won't mind me c/p'ing it for ya all ............:()