Columbus has the opportunity to create exceptional shareholder value using the current producing Trinidad assets as its foundation. Since mid-2017, the then new experienced leadership team has been implementing robust cost control measures, has introduced new decision making processes and build a solid production base. This will create free cash which can then be invested in further production growth and add to both proven and prospective hydrocarbon reserves. Intelligent use of funds will allow the business to pace the company’s growth, making sure maximum value is created from our present market capitalization.
Whereas the producing assets will create the necessary cash for organic growth, the exploration portfolio is envisaged to create the opportunity to truly transform our business.
Please refer to the strategy road map giving more depth to our journey and highlighting the various options along the way.