CALGARY, AB–(Marketwired – Mar 27, 2015) – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (
About the Company
COPL is an international oil and gas exploration and development company focused on sub-Saharan offshore Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83% working interest. The Company also has a Joint Venture agreement with Shoreline Energy International. Assets acquired through the JV will be held in a special purpose vehicle registered in Bermuda, called Shoreline CanOverseas Petroleum Development Corporation Limited (“ShoreCan” or “the JV”). COPL and Shoreline will each hold a 50% interest in ShoreCan.
ShoreCan is currently building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken positions in Tanzania and Namibia, and continues to evaluate a variety of assets in Nigeria, Ghana, and Mozambique.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
For Further Information Please Contact:
Canadian OverseasPetroleum Limited
Mr. Arthur Millholland
President and CEO
Tel: + 1 (403) 262 5441
Investor and Public Relations
North America Toll Free: +1 866 834 8330
Phone: +44 (0) 203 772 2500