Canadian Overseas Petroleum Limited
Canadian Overseas Petroleum Limited (the “Company”) is an international oil and gas exploration and development company that is currently focused in Africa. The Company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited (“Shoreline”) as part of its strategy to generate stable cash flow from secure offshore and onshore assets. The Company and Shoreline, through their jointly-held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation (“ShoreCan”), have acquired 80% of the share capital, subject to the receipt of formal consent from NNPC, and have taken over the management of Essar Exploration and Production Limited (Nigeria) (“Essar Nigeria”). Essar Nigeria holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100% holding in OPL 226. ShoreCan continues building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Nigeria and the Company and Shoreline have been indicatively awarded the PT-5B exploration license onshore Mozambique in the 5th Licensing Round adjacent to the producing PandeTemane Gas and light oil field complex.
Canadian Overseas Petroleum Limited (XOP)
Le 29 octobre/October 2018
The common shares of Canadian Overseas Petroleum Limited, have been approved for listing on the CSE.
Listing and disclosure documents will be available at www.thecse.com on the trading date.