Reports First Quarter Results

RNS Number : 8468M

Canadian Overseas Petroleum Ltd

12 May 2015

 

Canadian Overseas Petroleum

Reports First Quarter Results

Calgary, Canada, May 11, 2015 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX-V: XOP) & (COPL: LSE) announces its first quarter results for the three months ended March 31, 2015. The Interim Financial Statements and the Management's Discussion and Analysis for the first quarter can be viewed 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 formed a joint venture company with Shoreline Energy International Limited ("Shoreline"). Assets acquired through this joint venture company are held in a special purpose vehicle registered in Bermuda, called Shoreline CanOverseas Petroleum Development Corporation Limited ("ShoreCan" or "the JV"). COPL and Shoreline 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, Equatorial Guinea 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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