Canadian Overseas Petroleum Ltd: 2015 Year End Results

CALGARY, AB–(Marketwired – Mar 29, 2016) – Canadian Overseas Petroleum Limited (TSX VENTURE: XOP) (LSE: COPL)

TSX-V: XOP

Canadian Overseas Petroleum
Reports 2015 Year End Results

Calgary, Canada, March 28, 2016 – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (TSX-V: XOP) & (COPL: LSE) has filed its results for the year ending December 31, 2015. The results and associated annual regulatory filing documents, including the Financial Statements and the Management’s Discussion and Analysis, 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 called Shoreline CanOverseas Petroleum Development Corporation Limited (“ShoreCan”), of which each hold a 50% interest. The Company, through ShoreCan, is actively pursuing opportunities in Nigeria as part of its strategy to generate stable cash flow from secure offshore assets.

ShoreCan is currently building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Namibia while it continues to evaluate a variety of assets in Nigeria, Equatorial Guinea and Mozambique.

For further information about Canadian Overseas Petroleum Limited, please link here:
http://www.canoverseas.com/

For further information about Shoreline Energy International Limited, please link here:
http://www.shoreline-group.com/

For Further Information Please Contact:

Canadian Overseas Petroleum Limited   Mr. Arthur Millholland President and CEO Tel: + 1 (403) 262 5441 Investor and Public Relations Bell Pottinger Henry Lerwill Phone: +44 (0) 207 861 3800 North America Toll Free: +1 866 834 8330

CHF Investor Relations Cathy Hume Tel: +1 (416) 868 1079 ext. 231 North America Toll Free: +1 877 838 1070

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.