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Canadian Overseas Petroleum now poised for production in the Niger Delta

Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive London how his team's sheer hard work and patience over the last two years in Nigeria has now brought his company to a point where substantial progress is imminent. Millholland, whose experience in the UK North Sea means he's more than excited about the company's exploration finally leading to oil production, tells Proactive about a new jack rig he's managed to line up for the asset offshore west Africa.
Updates for investors here too on the company's numerous discovery wells and the data they'll be working with along with the telling comment that COP are now just about to launch into 'the fun bit'. 

Quick facts: Canadian Overseas Petroleum Limited

Price: 0.4533 GBX

LSE:COPL
Market: LSE
Market Cap: £15.79 m
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Canadian Overseas Petroleum CEO details terms of its new £2mln equity funding

Canadian Overseas Petroleum Limited's (LON:COPL) (CSE:XOP) Arthur Millholland discusses with Proactive London's Andrew Scott some of the detail of its £2mln equity-based funding facility with Yorkville and Riverfort. He says the funding is significant for them as it can give confidence to...

on 1/5/20

2 min read