Canadian Overseas Petroleum raises £700,000 as it focusses on Nigeria opportunity
It comes after the share price surged earlier in June, following a settlement deal in the Nigerian joint venture.
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 rockets higher on settlement with Essar over offshore Nigeria prospect
Arthur Millholland, COPL’s president and chief executive, said: "This is a great outcome for the company in these uncertain times"
Canadian Overseas Petroleum authorised to issue shares to creditors
COPL last week agreed an equity funding facility for up to £2mln over two years
COPL arranges up to £2mln of equity funding to boost confidence
“We now have the ability to press on with discussions with relevant stakeholders and accelerate efforts to deliver the clear potential of OPL 226 by the end of 2020," said chief executive Arthur Millholland
Canadian Overseas Petroleum comments on “merely opportunistic” legal action against Nigeria joint venture
“Time will tell how this plays out in Nigeria as it involves Shoreline, a prominent and well respected indigenous Nigerian shareholder," said COPL boss Arthur Millholland
Wyoming assets transform COPL
The company is diversifying through a deal to buy Atomic Oil & Gas.
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Canadian Overseas Petroleum raises C$200,000 as strategic investor talks continue
Chief executive Arthur Millholland is providing a C$200,000 loan which will be used for working capital as talks continue
Canadian Overseas Petroleum releases third quarter results
In the summer COPL raised £500,000 as the junior oiler continued to advance preparations for new drilling.
Canadian Overseas Petroleum to raise £500,000
The new funds will help bridge the financial gap until the company can conclude its project financing plans, said chief executive Arthur Millholland
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Canadian Overseas Petroleum boosts working capital ahead of Nigeria programme
"This placing will help ensure the company is able to realise the significant potential with OPL 226,” said Arthur Millholland, COPL chief executive
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COPL releases results as investors await drilling news
The explorer wants to drill up to four wells at OPL 226.
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Canadian Overseas Petroleum secures US$7mln performance bond from Nigerian bank
“The company expects the performance bond to be in place to the satisfaction of the regulatory authorities in the coming weeks, at which point activities on OPL 226 can be commenced in earnest”
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