Canadian Overseas Petroleum raises £14mln to hit the ground running with Atomic assets
The acquisition of Atomic Oil & Gas is set to close on March 15, with the injection of funds the company intends to kick-off development projects
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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Canadian Overseas Petroleum’s Atomic deal moves closer as US$65mln is financing approved by lender
"Approval of the credit facility by the lender's investment committee is a key milestone to completing the Atomic acquisition,” said Ryan Gaffney
Canadian Overseas Petroleum says Shoreline venture extends agreement with Essar
“When the restrictions are relaxed, we and our partners will act as soon practical to arrange and continue these discussions"
COPL says new Biden executive order will have “largely positive” effect as it advances Atomic acquisition
In December, COPL unveiled its transformational US$65mln deal to acquire privately-held onshore US producer Atomic Oil and Gas
Canadian Overseas Petroleum secures finance for Atomic acquisition
“The quality of the assets we are acquiring has allowed the company to attract the debt necessary to complete under better terms than other proposals," said Ryan Gaffney, CFO
Canadian Overseas Petroleum advances Atomic Oil & Gas acquisition
The company has cleared key milestones towards completing the 'game-changing' acquisition
Canadian Overseas Petroleum raises cash to fund Atomic Oil & Gas acquisition
The company said it has raised £6mln through a non-brokered private placement of units with both institutional and private investors
COPL does not expect suspension while it acquires Atomic Oil & Gas
COPL said it recently filed an approved prospectus with the FCA and had already produced a current competent person report on Atomic's assets
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Canadian Overseas Petroleum soars on “game changing” acquisition in Wyoming
"This is a game-changing acquisition which will materially reposition COPL as a production company with assets that have a long-term lifecycle and rapid production opportunity,” said chief executive Arthur Millholland
Canadian Overseas Petroleum Limited extends deadline date for settlement with Essar
Coronavirus (COVID-19) restrictions on travel and meetings have delayed the process, COPL said
Canadian Overseas Petroleum confident OPL 226 exploration licence will be extended
Chief executive Arthur Millholland believes the delay is due to coronavirus (COVID-19) bureaucracy pressures
Canadian Overseas Petroleum says it continues to focus on growing its business
The strategy continues to look at new and existing assets for growth
Canadian Overseas Petroleum formally settles Essar dispute
Each party will bear their own costs of the legal actions
Canadian Overseas Petroleum’s JV extends deadline to conclude documents for Essar dispute settlement
“We continue to look forward to the future working relationship with Essar to unlock the potential of OPL 226," said chief executive Arthur Millholland
Canadian Overseas Petroleum raises £1.3mln in placing
Chief executive Arthur Millholland said the company would now have a firmer financial footing going forward
Canadian Overseas Petroleum extends deadline to sign-off Essar agreements
“With the commercial terms settled in the agreement in principle, the legal language over a number of agreements has taken time to conclude," said chief executive Arthur Millholland
COPL makes interim chief financial officer Ryan Gaffney permanent, completes financing
"He will be a great addition to the company's management team as the company moves forward with its business plan”, COPL president and chief executive Arthur Millholland said
COPL refinanced after share price soars, posts quarterly results
COPL has refinanced itself through two placings to raise £1.2mln
COPL inks non-brokered subscription agreement for a £500,000 equity placing with one investor
The international oil and gas exploration and development company, which is focused on sub-Sahara Africa, said the subscription is an upsize, or similar, of a previous placement announced on June 23 with the same investor