COPL Canadian Overseas Petroleum Limited

 
TIDMCOPL 
 
COPL Announces CEO Resignation 
 
LONDON and CALGARY, AB, Dec. 22, 2023 -- Canadian Overseas Petroleum Limited 
("COPL" or the "Company") (CSE: XOP) & (LSE: COPL), an international oil and gas 
exploration, production and development company with production and development 
operations focused in Converse and Natrona Counties, Wyoming, USA, announces 
that John Cowan has resigned as the Chief Executive Officer of the Company but 
will remain on the board of directors of the Company for the time being while a 
replacement is found. 
 
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. 
 
The Common Shares are listed under the symbol "XOP" on the CSE and under the 
symbol "COPL" on the London Stock Exchange. 
 
Market Abuse Regulation disclosure 
The information contained within this announcement is deemed by the Company to 
constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as 
it forms part of UK domestic law by virtue of the European Union (Withdrawal) 
Act 2018 as amended ("MAR") encompassing information relating to the Placing 
described above, and is disclosed in accordance with the Company's obligations 
under Article 17 of MAR. In addition, market soundings (as defined in MAR) were 
taken in respect of the Placing with the result that certain persons became 
aware of inside information (as defined in MAR), as permitted by MAR. This 
inside information is set out in this Announcement. Therefore, upon publication 
of this announcement, those persons that received such inside information in a 
market sounding are no longer in possession of such inside information relating 
to the Company and its securities. 
 
Caution regarding forward looking statements 
 
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. 
 
This announcement has been issued by and is the sole responsibility of the 
Company. No representation or warranty, express or implied, is or will be made 
as to, or in relation to, and no responsibility or liability is or will be 
accepted by the Company (apart from the responsibilities or liabilities that may 
be imposed by the Financial Services and Markets Act 2000, or the regulatory 
regime established thereunder) or by any of its affiliates or agents as to, or 
in relation to, the accuracy or completeness of this announcement or any other 
written or oral information made available to or publicly available to any 
interested party or its advisers, and any liability therefore is expressly 
disclaimed. 
 
Mr. Tom Richardson, Chairman, Mr. Ryan Gaffney, CFO, 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) 77 4778 8221, Email: copl@yellowjerseypr.com 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

December 27, 2023 02:01 ET (07:01 GMT)

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