CALGARY, AB--(Marketwired - July 23, 2014) - Canadian Overseas Petroleum Limited ("COPL" or "the Company") (
Highlights
As part of COPL's strategy in West Africa the company is providing an update on some of its activities as it expands its regional footprint:
Liberia
West Africa Transform Margin (WATM)
Nigeria
Arthur Millholland, Chief Executive Officer, commented:
"The Company continues to be motivated by the opportunity that exists in West Africa for exploration and development of the WATM as regional companies look to partner with experienced management teams.
The COPL team has been part of the evaluation of deep water prospects and the development of midwater production schemes over the last 30 years. It is this combination of experience and access to undeveloped assets that are creating these opportunities.
We continue to make significant progress with the technical evaluation of Liberia. Whilst the possible delay in the commencement of drilling is regrettable, the safety of the partnership's staff is paramount and we are confident that staff numbers in country will return to normal levels in the near future."
About the Company
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 as part of its strategy to generate stable cash flow from secure offshore assets.
For Further Information Please Contact:
COPL
Mr. Arthur Millholland, President and CEO
Phone: +1 403 262 5441
Investor and Public Relations
Bell Pottinger
Mark Antelme or Henry Lerwill
North America Toll Free: +1 866 834 8330
Phone: +44 (0) 207 861
Joint Brokers
GMP Securities Europe
Phone: +44 (0)20 7647 2800
finnCap
Phone: +44 (0)20 7220 0500
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.
This information is provided by RNS
The company news service from the London Stock Exchange
Contact Information:
Contact:
RNS
Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com