RE: Lgo tweet12 Jun 2017 16:44
Interesting Extract for us
When the opportunity to head LGO came around, Koot admits he took his time to think about it before deciding to grab the chance. “This is definitely something that fell between the cracks, I said to myself.”
The company, re-branded as Columbus Energy Resources, is now in the process of expanding its reach beyond Trinidad, where its focus has been so far.
“First steps will involve work on pumps, infrastructure and water injection," Koot says.
"The plan is to build from there and get production from 400 barrels per day of oil to 2000 bpd and beyond.
“We will then work out future exploration opportunities and decide if we want to bring in other partners or farm-out. I would be interested to bring in Big Oil,” he adds.