's () Arthur Milholland talks to Proactive London about their 'game changing' acquisition of Atomic Oil & Gas LLC.
The transaction has a reported deal value of US$54mln - comprising a US$1mln deposit, US$26mln of assumed debt, US$23mln of debt and cash payments, plus US$4mln in shares.
Milholland believes that in just twelve months daily output will exceed 5000 barrels a day, from 400 barrels a day.
He goes on to say Canadian Overseas Petroleum is the 'most liquid stock on the London Stock Exchange'.
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