Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
   2. Issuer Name and Ticker or Trading Symbol
COLOMBIA ENERGY RESOURCES, INC. [CERX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
95 WELLINGTON STREET WEST, SUITE 800		 3. Date of Earliest Transaction (Month/Day/Year)
01/18/2013
(Street)

TORONTO, A6 M5J 2N7		 4. If Amendment, Date Original Filed(Month/Day/Year)
01/22/2013		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant to Purchase Common Stock (1) 01/18/2013   J(1)   8,381,725 (1)   01/18/2013   (1) Common Stock 8,381,725 (1) 8,381,725 I See Footnote (2)
Series A Convertible Preferred Stock (3) 01/18/2013   J(3)   600,000 (3)   06/01/2011   (4) Common Stock 40,000,000 (3) (3) 600,000 I See Footnote (5)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7		     X    
WATSA V PREM ET AL
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7		     X    
1109519 ONTARIO LTD
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7		     X    
SIXTY TWO INVESTMENT CO LTD
1600 CATHEDRAL PLACE
925 WEST GEORGIA ST.
VANCOUVER, A1 V6C 3L3		     X    
810679 ONTARIO LTD
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7		     X    
ODYSSEY REINSURANCE CO
300 FIRST STAMFORD PLACE
STAMFORD, CT 06902		     X    

Signatures

 /s/ Paul Rivett, Vice President, Operations   02/06/2013
**Signature of Reporting Person Date
 /s/ V. Prem Watsa   02/06/2013
**Signature of Reporting Person Date
 /s/ V. Prem Watsa, President   02/06/2013
**Signature of Reporting Person Date
 /s/ V. Prem Watsa, President   02/06/2013
**Signature of Reporting Person Date
 /s/ V. Prem Watsa, President   02/06/2013
**Signature of Reporting Person Date
 /s/ Kirk M. Reische, Vice President   02/06/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On January 18, 2013, Odyssey Reinsurance Company ("Odyssey"), a subsidiary of Fairfax Financial Holdings Limited ("Fairfax"), purchased $105,000 aggregate principal amount of the Issuer's 15% secured promissory notes due January 18, 2014 and warrants (the "Warrants") to purchase 8,381,725 shares of the Common Stock of the Issuer for cash consideration of $100,000 (the "Transaction"). The Warrants may be exercised at any time, in whole or in part, at an exercise price of $0.01 per share of Common Stock. The Transaction was previously reported on Form 4 filed by the reporting persons on Jan 22, 2013, as amended hereby.
(2) All of the Warrants are held directly by Odyssey, a subsidiary of Fairfax.
(3) In connection with the Transaction, the issuer amended certain rights, preferences and privileges of its outstanding Series A Convertible Preferred Stock (the "Series A Stock"). The consent of the reporting persons was not solicited or required. As a result of the amendment, the conversion price of the Series A Stock was reduced, and each previously reported share of Series A Stock held by the reporting persons, which was initially convertible into 5 shares of Common Stock, is currently convertible into 66.7 shares of Common Stock.
(4) The Series A Stock has no expiration date, but is subject to certain Common Stock automatic conversion features beginning 18 months from the date of issuance.
(5) 600,000 shares of Series A Stock are held by Odyssey, a subsidiary of Fairfax.

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