Columbus Energy Resources (CERP LN) delivered robust H1 2019 results, continuing its steady progress in earnings improvement despite sluggish WTI oil prices which traded within a narrow range averaging US$58.24/bbl in H1 2019. In H1 2019 CERP received an average price of US$57.6/bbl (down 6% YoY) which was partially offset by a 3.7% YoY increase in sales of 92kbbl resulting in net revenues after royalties of £3.4m, a 6% decline YoY. However, as we have previously highlighted the impact
