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Published on Sep 16, 2016
Arthur
Millholland, president and chief executive at Canadian Overseas Petroleum Limited (LON:COPL, CVE:XOP) talks to Proactive Investors about
the acquisition of 80% of the share capital of Essar Exploration and
Production Limited in Nigeria, which gives COPL 100% interest and
operatorship of OPL 226, a block 50 kilometres offshore in the central
area of the Niger Delta.
" This is an opportunity that does not come along very often" he notes.
"We have been working on this transaction for 2-1/2 years and (...) this allows us to get access to high-quality light crude oil reserves in shallow to medium waters that we can get on to production fairly quickly" he says. "It gives our shareholders a very good buffer" he adds.
http://www.4-traders.com/CANADIAN-OVERSEAS-PETROLE-16252974/
www.canoverseas.com/
" This is an opportunity that does not come along very often" he notes.
"We have been working on this transaction for 2-1/2 years and (...) this allows us to get access to high-quality light crude oil reserves in shallow to medium waters that we can get on to production fairly quickly" he says. "It gives our shareholders a very good buffer" he adds.
http://www.4-traders.com/CANADIAN-OVERSEAS-PETROLE-16252974/
www.canoverseas.com/
Canadian Overseas Petroleum Limited targeting near-term production in Nigeria https://t.co/aTsQc3rPvb— COPL (@COPLinvestor) September 14, 2016
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