Game-changing US deal transforms Canadian Overseas Petroleum into a producer

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  • COPL shares to restart trading on August 17
  • Canadian Overseas Petroleum completes acquisition of Atomic Oil and Gas
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Quick facts: Canadian Overseas Petroleum Ltd

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COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States through the acquisition of Atomic Oil and Gas LLC with operations in Converse County Wyoming, and in sub-Saharan Africa through its ShoreCan joint venture company in Nigeria, and independently in other countries.

16 Aug 2021

(, , , ) shares are set to resume trading on the London Stock Exchange on Tuesday following its transformational reverse takeover of Atomic Oil & Gas.

The deal reinvents COPL as “a versatile oil and gas exploration and production and development company”, highlighted chief executive Arthur Millholland.

“I am delighted today to see the company’s shares readmitted to trading on the London Stock Exchange following the completion of the Atomic acquisition in March and the subsequent readmission process which have together been an eight-month cumulative journey in the making,” Millholland said.

“I would like to thank our investors for their patience during this time and look forward to the opportunities and future the company has as a result of now becoming a versatile oil and gas exploration and production and development company as a result of the Atomic acquisition.”

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26 Jul 2021

(, , , ) told investors that production is up around 50% currently, as it filed first-quarter results.

Production presently measures around 1,800 barrels per day gross, with volumes boosted after the start of gas injection activities at the Barron Flats pro

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30 Apr 2021

Canadian Overseas Petroleum Ltd (LON:COPL, TSE:XOP) described a remarkable year as it filed its full-year results.

“The first half of the year was difficult, but was truly outstanding at year-end,” chief executive Arthur Millholland said in a statement.

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18 Mar 2021

Canadian Overseas Petroleum Ltd’s ()(CSE:XOP) Arthur Millholland joins Proactive London’s Katie Pilbeam to discuss the completion of the acquisition of Atomic Oil and Gas.

The Atomic deal is worth a total of US$54mln, comprising a US$1mln deposit, US$26mln of assumed debt, US$23mln of debt and cash payments, plus US$4mln in shares.

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Canadian Overseas Petroleum completes acquisition of Atomic Oil and Gas

Canadian Overseas Petroleum Ltd’s (LON:COPL)(CSE:XOP) Arthur Millholland joins Proactive London’s Katie Pilbeam to discuss the completion of the acquisition of Atomic Oil and Gas.

The Atomic deal is worth a total of US$54mln, comprising a US$1mln deposit, US$26mln of assumed debt, US$23mln of…

on 18/3/21

3 min read

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