Columbus Energy ready to drill at Saffron well

Trinidad and Suriname-focussed oil and gas producer Columbus Energy Resources updated the market on the Saffron well in the South West Peninsula of Trinidad on Friday.

The AIM-traded firm said the drilling rig to be used for drilling the Saffron well, Talon #38, was now on location and ready to start drilling operations.

It said the drilling operations would commence 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 chairman 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.”