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CALGARY, AB–(Marketwired – May 12, 2015) – Canadian Overseas Petroleum Limited (TSX VENTURE: XOP) (LSE: COPL)
Canadian Overseas Petroleum
Reports First Quarter Results
Calgary, Canada, May 11, 2015 – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (TSX-V: XOP; LSE: COPL) announces its first quarter results for the three months ended March 31, 2015. The Interim Financial Statements and the Management’s Discussion and Analysis for the first quarter can be viewed 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 formed a joint venture company with Shoreline Energy International Limited (“Shoreline”). Assets acquired through this joint venture company are held in a special purpose vehicle registered in Bermuda, called Shoreline CanOverseas Petroleum Development Corporation Limited (“ShoreCan” or “the JV”). COPL and Shoreline 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, Equatorial Guinea and Mozambique.
For Further Information Please Contact:
CONTACT INFORMATION
| Canadian Overseas Petroleum Limited Mr. Arthur Millholland President and CEO Tel: + 1 (403) 262 5441 |
CHF Investor Relations
Robin Cook |
| Investor and Public Relations Bell Pottinger Henry Lerwill North America Toll Free: +1 866 834 8330 Phone: +44 (0) 203 772 2500 |
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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.
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http://www.rns.com]]> Tue, 12 May 2015 06:00:00 GMT LSE:COPL TSX VENTURE:XOP