Canadian Overseas Petroleum Reports 2014 Year End Results

CALGARY, AB–(Marketwired – Mar 27, 2015) – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (TSX VENTURE: XOP) (LSE: COPL) has filed its results for the year ending December 31, 2014. The results and associated annual regulatory filing documents, including the Financial Statements and Management’s Discussion and Analysis, can be found under the Company’s name at www.sedar.com or at the Company’s website at www.canoverseas.com.

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