Canadian Overseas Petroleum outlines plans to raise £3.25mln
The proceeds will provide it with the working capital it needs as it executes on its business plan.
Company
Canadian Overseas Petroleum Limited
LON:COPL
Canadian Overseas Petroleum Limited is an oil and gas company, headquartered in Calgary, Canada. The company creates value through the acquisition, exploration, development and production of oil and natural gas reserves and holds interests in petroleum assets in the United States of America.
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FTSE 100 trades sideways as big oilers dented by OPEC decision
FTSE 100 closed at 7,517 - up 2.81. points, or 0.04% and failed to make a record close
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Faron Pharma weak on profit-taking after an uninspiring report on ongoing phase III trials
Analyst Julie Simmonds at broker Panmure Gordon said: “No negative or positive read through on the likely outcome of the trial can be made from the statement”
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COPL focussing on offshore Nigeria asset
As post-well evaluation continues for the Liberia asset, COPL is now focussing on OPL 226 offshore Nigeria where it is hoping to drill an appraisal well.
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Canadian Overseas Petroleum Limited's full-year results “contained no surprises," according to Shore Capital
The broker said: “Cash and cash equivalents amounted to $2.6m at the period end and COPL’s short term focus remains on matters including working with ExxonMobil to assess results from the previously-drilled Mesurado-1 well offshore Liberia
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FTSE 100 shares closed lower, dragged down by weaker US stocks and a flurry of ex-dividend stocks in London
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COPL will focus on exciting Noa project - Shard Capital
Exciting assets in Nigeria now take centre stage for COPL, according to Shard Capital analyst Barney Grey
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COPL to re-evaluate after Liberia well draws blank
Drill testing at Mesurado-1 failed to find any hydrocarbons and will now be plugged and abandoned