Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) told investors that its operating affiliate, COPL America, has received continued support from its senior lender and has been granted a covenant waiver, following winter closures in January and February 2023.
“Our principal stakeholders are working together with the company to exit this period stronger than it entered with a further update expected in the days ahead," chief executive Arthur Millholland said in a statement.