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Canadian Overseas Petroleum

Contacts

Canadian Overseas Petroleum Limited
3200, 715 - 5th Avenue SW
Calgary, Alberta
Canada T2P 2X6

Tel: 403 262 5441

Description

Canadian Overseas Petroleum is an international oil and gas exploration and development company focused in offshore West Africa.

The Company is actively pursuing opportunities in Nigeria in partnership with Shoreline Energy International Limited as part of its strategy to generate stable cash flow from secure offshore assets. The Company and Shoreline, through their jointly held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation's ("ShoreCan"), have acquired 80% of the share capital, and have taken over the management, of Essar Exploration and Production Limited (Nigeria) ("Essar"). Essar holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100% holding in OPL 226. Drilling of the first appraisal well is planned to commence in late 2017. ShoreCan is currently waiting for final approval from the Government of Nigeria for the acquisition.

ShoreCan is building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Nigeria. It continues to evaluate a variety of additional assets in Nigeria, Mozambique and Equatorial Guinea.

The Common Shares are listed under the symbol "XOP" on the TSXV and under the symbol "COPL" on the London Stock Exchange.

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Related news

COPL Announces US$2.5 Million Equity Financing
30/12/2023
Canadian Overseas Petroleum Announces CEO Resignation
27/12/2023
COPL Announces Q3-2023 Operational and Financial Results
15/11/2023
COPL appoints new CEO and Chairman
11/09/2023
COPL Reports Second Quarter Results
15/08/2023
Canadian Overseas Petroleum Provides Operations Update
06/07/2023
Canadian Overseas Petroleum Operations and Production Update
05/06/2023
Commentary: Oil price, San Leon, COPL
14/03/2023
COPL Announces Frontier 1 Oil at Cole Creek
23/01/2023
COPL Announces Third Quarter 2022 Financial Results & Update
15/11/2022
COPL Announces Q2 2022 Financials and Operations Update
16/08/2022
COPL Resource Report Confirms Wyoming Oil Discovery
05/08/2022
COPL Completes Acquisition of Cuda Energy
27/07/2022

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