Canadian Overseas Petroleum Limited

Canadian Overseas Petroleum Limited

April 04, 2014 02:00 ET

Canadian Overseas Petroleum: Admission to Trading and First Day of Dealings

CALGARY, ALBERTA--(Marketwired - April 4, 2014) - Canadian Overseas Petroleum Limited ("COPL" or "the Company") (TSX VENTURE:XOP)(LSE:COPL), the offshore West Africa focussed oil and gas exploration and development company, is pleased to announce its admission to the standard listing segment of the Official List, and its admission to trading and first day of dealings today on the London Stock Exchange's Main Market for listed securities.

Mr. Arthur Millholland, President and CEO of COPL commented,

"Our listing on the Main Market of the LSE today and the successful fundraising is an important milestone in COPL's development as we move forward with our operations in West Africa."

About the Company

COPL is an international oil and gas exploration and development company focused in the offshore West Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83% working interest. COPL is carried by ExxonMobil for its share of the first $120 million of gross drilling costs of a two well exploration programme planned for 2014. COPL also holds exploration acreage with shale oil potential on the north island of New Zealand.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canadian Overseas Petroleum Limited
    Mr. Arthur Millholland
    President and CEO

    Canadian Overseas Petroleum Limited
    Rob Elgie
    Manager of Investor Relations

    Bell Pottinger, public relations
    Mark Antelme or Henry Lerwill
    +44 (0) 207 861 3160

    Financial Advisor and Joint Broker
    GMP Securities Europe
    +44 (0)20 7647 2800

    Joint Broker
    +44 (0)20 7220 0500