Columbus Energy Resources plc announced production and sales results for the fourth quarter of 2018. For the quarter, year-end target of peak production of 1,000 barrels of oil per day (bopd) achieved with production peaking at 1,021 bopd in late December 2018. Average production of 670 bopd. Average production was adversely affected by extreme weather conditions, with record rainfall and extensive flooding witnessed during the period, severely hampering both routine operations and incremental well work.

For the quarter, the company reported gross revenues of $3.23 million achieved compared to $3.85 million for the third quarter of 2018, reduction due to lower average production and lower oil price achieved over the quarter.