Canadian Overseas Petroleum Ltd Update on Cancellation of LSE Listing (0489V)
12 April 2021 - 4:00PM
UK Regulatory
TIDMCOPL
RNS Number : 0489V
Canadian Overseas Petroleum Ltd
12 April 2021
Canadian Overseas Petroleum Limited
Update on Cancellation of LSE Listing
Calgary, Canada & London, United Kingdom, April 12, 2021 -
Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP:
CSE) & (COPL: LSE), an international oil and gas exploration
and production company, is pleased to provide an update on the
timing for the cancellation and re-admission of its common shares
on the London Stock Exchange (the "LSE"). Despite its previous
announcement on 19 March 2021 that its shares would be cancelled on
21 April 2021, the Company has now postponed the formal
cancellation date to a date, yet to be determined, that will
coincide with the re-admission of the shares on the LSE.
Subject to regulatory approval, the Company now expects the
re-admission of its common shares to occur towards the end of May
or in June 2021. It is now intended that the cancellation and
re-admission will occur simultaneously at such time.
About the Company:
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.
For further information, please contact:
Mr. Arthur Millholland, President & CEO
Mr. Ryan Gaffney, CFO
Canadian Overseas Petroleum Limited
Tel: + 1 (403) 262 5441
Cathy Hume
CHF Investor Relations
Tel: +1 (416) 868 1079 ext. 251
Email: cathy@chfir.com
Charles Goodwin
Yellow Jersey PR Limited
Tel: +44 (0) 77 4778 8221
Email: copl@yellowjerseypr.com
Peter Krens
Equity Capital Markets, Tennyson Securities
Tel: +44 (0) 20 7186 9033
Email: peter.krens@tennysonsecurities.co.uk
The Common Shares are listed under the symbol "XOP" on the CSE
and under the symbol "COPL" on the London Stock Exchange.
This news release contains forward-looking statements. The use
of any of the words "initial, "scheduled", "can", "will", "prior
to", "estimate", "anticipate", "believe", "should", "forecast",
"future", "continue", "may", "expect", and similar expressions are
intended to identify forward-looking statements. The
forward-looking statements contained herein are based on certain
key expectations and assumptions made by the Company, including,
but not limited to, the ability to raise the necessary funding for
continued operations, delays or changes in plans with respect to
exploration or development projects or capital expenditures.
Although the Company believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements since the Company can give no assurance that they will
prove to be correct since forward-looking statements address future
events and conditions, by their very nature they involve inherent
risks and uncertainties most of which are beyond the control of
Canadian Overseas Petroleum Ltd. For example, the uncertainty of
reserve estimates, the uncertainty of estimates and projections
relating to production, cost overruns, health and safety issues,
political and environmental risks, commodity price and exchange
rate fluctuations, changes in legislation affecting the oil and gas
industry could cause actual results to vary materially from those
expressed or implied by the forward-looking information.
Forward-looking statements contained in this news release are made
as of the date hereof and Canadian Overseas Petroleum undertakes no
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
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END
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