2014 Year End Results

RNS Number : 6360I

Canadian Overseas Petroleum Ltd

27 March 2015

 



Canadian Overseas Petroleum

Reports 2014 Year End Results

Calgary, Canada, March 27, 2015 - Canadian Overseas Petroleum Limited ("COPL" or the

"Company") (TSX-V: XOP) & (COPL: LSE) has filed its results for the year ending December 31, 2014. The results and associated annual regulatory filing documents, including the Financial Statements and Management's Discussion and Analysis, can be found 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 has a Joint Venture agreement with Shoreline Energy International. Assets acquired through the JV will be held in a special purpose vehicle registered in Bermuda, called Shoreline CanOverseas Petroleum Development Corporation Limited ("ShoreCan" or "the JV"). COPL and Shoreline will each hold a 50% interest in ShoreCan.

ShoreCan is currently building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken positions in Tanzania and Namibia, and continues to evaluate a variety of assets in Nigeria, Ghana, and Mozambique.

For Further Information Please Contact:

CONTACT INFORMATION

Canadian Overseas Petroleum Limited  Mr. Arthur Millholland President and CEO Tel: + 1 [phone] Investor and Public Relations Bell Pottinger Henry Lerwill North America Toll Free: [phone] Phone: [phone]

CHF Investor Relations Robin Cook Senior Account Manager Tel: [phone] ext. 228 Email: [e-mail] www.chfir.com

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.

 

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