CALGARY, AB–(Marketwired – Nov 2, 2015) – Canadian Overseas Petroleum (
TSX-V: XOP; LSE: COPL
Canadian Overseas Petroleum Limited
Calgary, Canada, November 2, 2015 – Canadian Overseas Petroleum Limited (“COPL” or the “Company“) (TSX-V: XOP; LSE: COPL), announces that Mr. Richard H. Schmitt, has resigned from the Board of Directors effective October 31, 2015. On behalf of the Board of Directors, we wish Mr. Schmitt success in his endeavours.
COPL is an international oil and gas exploration and development company focused in the offshore West Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83% working interest. COPL is actively pursuing opportunities in Nigeria in partnership with Shoreline Energy as part of its strategy to generate stable cash flow from secure offshore assets.
ShoreCan is building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Nigeria, Namibia and an option to take a position in Tanzania. It continues to evaluate a variety of assets in Nigeria, Equatorial Guinea and Mozambique.
COPL’s Common Shares are listed under the symbol “XOP” on the TSXV and under the symbol “COPL” on the London Stock Exchange.
For further information on Canadian Overseas Petroleum, please link here: http://canoverseas.com/
For further information about Shoreline Energy, please link here:
For Further Information Please Contact:
Arthur Millholland, President and CEO
Phone: + 1 403 262 5441
Investor and Public Relations
|Bell Pottinger||CHF Investor Relations|
|Henry Lerwill||Cathy Hume|
|+44 (0) 207 861 3800||+1 (416) 868 1079 ext. 231|
|North America Toll Free: +1 866 834 8330||Toll Free: +1 877 838 1079|
|GMP Securities Europe||finnCap|
|Phone: +44 (0)0 7647 2800||Phone: +44 (0)20 7220 0500|
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