Canadian Overseas Petroleum Ltd 2020 Year End Results (1483X)
April 30 2021 - 1:00AM
UK Regulatory
TIDMCOPL
RNS Number : 1483X
Canadian Overseas Petroleum Ltd
30 April 2021
Canadian Overseas Petroleum
Reports 2020 Year End Results
Calgary, Canada, April 30, 2021 - Canadian Overseas Petroleum
Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an
international oil and gas exploration, production and development
company with production and development operations focused in
Converse County Wyoming USA, announces its results for the year
ending December 31, 2020.
The results and associated annual regulatory filing documents,
including the Financial Statements, Management's Discussion and
Analysis, and Statement of Reserves Data and Other Oil and Gas
Information (National Instrument 51-101 Forms 51-101F1, 51-101F2,
51-101F3) for the year ending December 31, 2020, can be viewed
under the Company's name at www.sedar.com or at the Company's
website at www.canoverseas.com .
Arthur Millholland, President & CEO, commented:
"Our Company had a remarkable year in 2020. The first half of
the year was difficult, but was truly outstanding at year-end. The
acquisition of Atomic Oil and Gas LLC which closed in March of this
year was transformative for COPL. In 2020 we managed to
recapitalize the Company which allowed for the acquisition of
Atomic and the associated equity and debt financings. We look
forward to the Q1 2021 reporting as it will be the first one to
include the operating results of our Atomic group as well as an
update on their operations."
About the Company:
COPL is an international oil and gas exploration, development
and production company actively pursuing opportunities in the
United States with operations in Converse County Wyoming, and in
sub-Saharan Africa through its ShoreCan joint venture company in
Nigeria, and independently in other countries.
For further information, please contact:
Mr. Arthur Millholland, President & CEO
Canadian Overseas Petroleum Limited
Tel: + 1 (403) 262 5441
Cathy Hume
CHF Investor Relations
Tel: +1 (416) 868 1079 ext. 251
Email: cathy@chfir.com
Charles Goodwin
Yellow Jersey PR Limited
Tel: +44 (0) 75 4427 5882
Email: copl@yellowjerseypr.com
The Common Shares are listed under the symbol "XOP" on the CSE
and under the symbol "COPL" on the London Stock Exchange.
This news release contains forward-looking statements. The use
of any of the words "initial, "scheduled", "can", "will", "prior
to", "estimate", "anticipate", "believe", "should", "forecast",
"future", "continue", "may", "expect", and similar expressions are
intended to identify forward-looking statements. The
forward-looking statements contained herein are based on certain
key expectations and assumptions made by the Company, including,
but not limited to, the ability to raise the necessary funding for
operations, delays or changes in plans with respect to exploration
or development projects or capital expenditures. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements since the
Company can give no assurance that they will prove to be correct
since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties most of which are beyond the control of Canadian
Overseas Petroleum Ltd. For example, the uncertainty of reserve
estimates, the uncertainty of estimates and projections relating to
production, cost overruns, health and safety issues, political and
environmental risks, commodity price and exchange rate
fluctuations, changes in legislation affecting the oil and gas
industry could cause actual results to vary materially from those
expressed or implied by the forward-looking information.
Forward-looking statements contained in this news release are made
as of the date hereof and Canadian Overseas Petroleum undertakes no
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
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