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Canadian Overseas Petroleum announce extension of settlement with Essar deadline

Canadian Overseas Petroleum Limited's (LON:COPL) Arthur Millholland catches up with Proactive London.

He explains the context behind the extension deadline for the settlement date for the agreement between its 50%-owned joint venture Shorecan and Essar Mauritius.

This agreement involves the OPL 226 prospect which has been extended until January 29, 2021 due to the limitations of Covid-19 on travel which means the parties are unable to meet in person.

Quick facts: Canadian Overseas Petroleum Limited

Price: 0.1975 GBX

LSE:COPL
Market: LSE
Market Cap: £9.62 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