Canadian Overseas Petroleum Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Peter Kravitz
- Full Time Employees
- 23
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 715–5th Avenue SW Calgary AB Canada T2P 2X6
- IPO Date
- Nov 28, 2018
- Website
- canoverseas.com
- Similar Companies
- Business
- Canadian Overseas Petroleum Limited is a junior international oil and gas company focused on the acquisition, exploration, development, and production of petroleum and natural gas reserves. The company operates primarily in Wyoming, USA, through its subsidiary COPL America Inc., producing crude oil via environmentally responsible methods including minimal gas flaring, low methane emissions, and electricity from an adjacent wind farm; it pursues opportunities in sub-Saharan Africa, notably offshore Nigeria via its joint venture affiliate Shoreline Canadian Overseas Petroleum Development Corporation (ShoreCan), which holds an 80% interest in Essar Exploration and Production Limited's OPL 226 appraisal and development project. Shares trade on the London Stock Exchange (COPL), TSX Venture Exchange (XOP), and OTC (VELXF). Founded in 2009 and headquartered in Calgary, Alberta, Canada, the company serves energy markets in North America and Africa. In recent developments, it completed a US$2.5 million equity financing in December 2023, executed a forbearance agreement with its senior lender extending to February 2024, and appointed a Chief Restructuring Officer; production efforts emphasized increased NGL injection at the Big Forest Sawyer Unit (BFSU) in Wyoming to boost output above 2,000 bbl/d, though Q4 2023 averaged 1,083 bbl/d gross amid operational challenges; the company and related entities entered Companies' Creditors Arrangement Act (CCAA) proceedings in March 2024 due to an over-leveraged balance sheet, curtailed Wyoming production from market conditions, weather issues, and hedging losses.
CSE Bulletin: Delist - Canadian Overseas Petroleum Limited (XOP)
Canadian Overseas Petroleum Limited - Order Granted Approving a Sales and Investment Solicitation Process as well as Order Amending and Restating the Initial Order
COPL bankruptcy process proceeds, agrees restructuring agreement with senior lenders
COPL tells shareholders there's ‘little prospect for a return' as business enters administration
Canadian Overseas Petroleum shares rally as lender extends forbearance deadline
Canadian Overseas Petroleum Ltd Extends Forbearance Agreement
COPL liquidity problem persists, warns shareholders as strategic options sought
Canadian Overseas Petroleum Ltd Announces Business and Financial Performance Update
COPL notifies market of latest share issue to bondholders
COPL Action Group: Shareholders in Canadian Overseas Petroleum Limited Require Answers as Company Loses 98% of Value
Canadian Overseas Petroleum appoints new interim chief exec
Canadian Overseas Petroleum Ltd Announces Interim CEO and Changes to Board of Directors
Canadian Overseas Petroleum confirms close of $2.5mln funding
Canadian Overseas Petroleum Ltd Announces Announces Closing of $2.5M Financing
Canadian Overseas Petroleum updates investors on funding process
Canadian Overseas Petroleum Ltd Announces Share Price Movement
Canadian Overseas Petroleum says convertible bond funding was critical for working capital - letter to shareholders
Canadian Overseas Petroleum Ltd Announces Update in Response to Shareholder Queries
Canadian Overseas Petroleum Ltd Announces Conversion of Bond Payments
Canadian Overseas Petroleum Ltd Announces Notice of Default from Affiliate's Senior Lender