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columbus
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Columbus Energy Resources
Termination of coverage
Termination | Oil & Gas | 10 Sep 2018
Edison Investment Research is terminating coverage on Columbus Energy Resources (CERP). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
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Columbus Energy Resources
Management and strategy changes
QuickView | Oil & Gas | 02 Aug 2017
Columbus Energy Resources (CERP) has a new name, new management and new strategy. Leo Koot, an experienced and well respected CEO, has joined the company to reassess and revitalise the assets in Trinidad, bringing in new personnel. Management overheads have already been cut and a programme of in-fill wells has been put on hold. Instead, a series of low-cost interventions should increase production in the short term, moving the company towards a virtuous cash flow circle; we should see the results of the initial work programme in Q417. Any cash flow can be recycled into further development and potentially fund a material exploration programme, which could be game changing (SWP holds an estimated 1.3bnbbls OIP across a number of targets).
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Nordgold
Montagne d'Or earn-in
Update | Mining | 25 Sep 2013
Nordgold (NORD) signed an agreement with Columbus Gold (TSX: CGT) whereby it could earn a 50.01% interest in the Paul Isnard gold project in French Guiana by spending US$30m over the next three years. The project, which currently has 4.2Moz in NI 43-101 resource grading 2.2g/t and is expected to be brought through the BFS by the end of 2016, could be viewed as a relatively inexpensive long-term opportunity to add low-cost production capacity in the promising and low-risk mining jurisdiction.
