SOURCE: Canadian Overseas Petroleum Ltd

November 11, 2016 02:20 ET

Canadian Overseas Petroleum Ltd: Interim Consolidated Financial Statements

CALGARY, AB--(Marketwired - Nov 11, 2016) - Canadian Overseas Petroleum Ltd (TSX VENTURE: XOP) (LSE: COPL)


Canadian Overseas Petroleum Limited
Unaudited Condensed Interim Consolidated Financial Statements
As at September 30, 2016 and the for the three and nine month periods ended September 30, 2016 and 2015

Management's Responsibility for Consolidated Financial Statements

The information provided in these unaudited condensed interim consolidated financial statements is the responsibility of management. In the preparation of the statements, estimates are sometimes necessary to make a determination of future values for certain assets or liabilities. Management believes such estimates have been based on careful judgments and have been properly reflected in the accompanying consolidated financial statements.

Management maintains a system of internal controls to provide reasonable assurance that the Company's assets are safeguarded and to facilitate the preparation of relevant and timely information.

The audit committee has reviewed the unaudited condensed interim consolidated financial statements with management and the auditors, and has reported to the Board of Directors. The Board of Directors has approved the unaudited consolidated interim financial statements as presented.

Signed "Arthur S. Millholland"   Signed "Aleksandra Owad"
Arthur S. Millholland   Aleksandra Owad
President and Chief Executive Officer   Chief Financial Officer
November 10, 2016   November 10, 2016

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