CALGARY, AB--(Marketwired - Aug 14, 2014) - Canadian Overseas Petroleum Limited (TSX VENTURE: XOP) (LSE: COPL)

LSE: COPL; TSX-V: XOP

The following amendment has been made to the 'Second Quarter Results' announcement:

The text relating to the disclosure of Interim Financial Statements and Management's Discussion and Analysis has been amended to refer to the second quarter.

All other details remain unchanged.

The full amended text is shown below.

Canadian Overseas Petroleum Reports Second Quarter Results

Calgary, Canada, August 13, 2014 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: TSX-V) & (COPL: LSE) announces its second quarter results for the three and six months ended June 30, 2014. The Interim Financial Statements and Management's Discussion and Analysis for the second quarter can be viewed on the Company's website at www.canoverseas.com or on SEDAR at www.sedar.com under the COPL listing.

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 evaluating opportunities in Nigeria as part of its strategy to generate stable cash flow from secure offshore assets.

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.

Contact Information:

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
Henry Lerwill
Phone: +44 (0) 207 861 3160

Joint Brokers
GMP Securities Europe
Phone: +44 (0)20 7647 2800

finnCap
Phone: +44 (0)20 7220 0500