News Releases

6
December

Appointment of Nigel Little as Non-Executive Director

22
November

Canadian Overseas Petroleum Announces Increased Oil Production at Barron Flats

15
November

Canadian Overseas Petroleum Reports Q3 2021 Results and Operations Update

1
October

Canadian Overseas Petroleum Limited Finalisation of Share Consolidation

27
September

Canadian Overseas Petroleum Limited Announces Share Consolidation

1
September

Canadian Overseas Petroleum Reports Q2 2021 Results and Operations Update

18
August

Canadian Overseas Petroleum Limited Announces Approval of Application of Management Cease Trade Order and Provides First Bi-Weekly Status Report

17
August

Canadian Overseas Petroleum Readmission to Trading and Operations Update

16
August

Canadian Overseas Petroleum Limited: Readmission to Trading on the London Stock Exchange Following the Reverse Takeover of Atomic Oil & Gas

13
August

Canadian Overseas Petroleum Affiliate Launches Foreclosure Proceedings Against Cuda Energy LLC

11
August

Canadian Overseas Petroleum Limited: Receipt of Final Prospectus, and Readmission of Common Shares for Trading

2
August

Canadian Overseas Petroleum Limited Requests Management Cease Trade Order to Allow for Additional Time to Prepare Interim Financial Statements for the Period Ending June 30, 2021

29
July

Canadian Overseas Petroleum Limited Exercise of Warrants & Share Issuance

26
July

Canadian Overseas Petroleum Reports Q1 2021 Results

16
July

Canadian Overseas Petroleum Limited Announces Management Cease Trade Order has been extended to July 26, 2021

14
July

Canadian Overseas Petroleum Limited Provides Fourth Bi-Weekly Status Report and Announces Application for Second Extension of Management Cease Trade Order

5
July

Canadian Overseas Petroleum Limited Exercise of Warrants & Share Issuance

30
June

Canadian Overseas Petroleum Limited Announces Management Cease Trade Order has been extended to July 14, 2021

29
June

Canadian Overseas Petroleum Limited Provides Third Bi-Weekly Status Report and Announces Application for Extension of Management Cease Trade Order

10
June

Canadian Overseas Petroleum Limited Provides Second Bi-Weekly Status Report

27
May

Canadian Overseas Petroleum Limited Announces Approval of Application of Management Cease Trade Order and Provides Bi-Weekly Status Report

12
May

Canadian Overseas Petroleum Limited Requests Management Cease Trade Order to Allow for Additional Time to Prepare Interim Financial Statements for the Period Ending March 31, 2021

30
April

Canadian Overseas Petroleum Reports 2020 Year End Results

15
April

Canadian Overseas Petroleum Limited Provides Second Bi-Weekly Status Report

13
April

Canadian Overseas Petroleum Limited: Exercise of Warrants

12
April

Canadian Overseas Petroleum Limited: Update on Cancellation of LSE Listing

1
April

Canadian Overseas Petroleum Limited Announces Approval of Application of Management Cease Trade Order and Provides Bi-Weekly Status Report

19
March

Canadian Overseas Petroleum Limited: Cancellation of Listing on the London Stock Exchange

18
March

Canadian Overseas Petroleum Limited: Completion of Atomic Acquisition

17
March

Canadian Overseas Petroleum Limited Requests Management Cease Trade Order to Allow for Finalization of Annual Financial Statements

17
March

Canadian Overseas Petroleum Limited: Completion of Atomic Acquisition, Suspension of Listing and Subsequent Application for Cancellation of Listing

16
March

Canadian Overseas Petroleum Limited: Conditional Suspension and Subsequent Cancellation of Listing

16
March

Canadian Overseas Petroleum Limited: Proposed Transaction and Conditional Suspension of Listing

16
March

Canadian Overseas Petroleum Limited Announces Atomic Acquisition Expected to Complete Today

9
March

Canadian Overseas Petroleum Limited Announces Completion of £14,000,000 Accelerated Bookbuild; Tennyson Appointed as Joint Broker

8
March

Canadian Overseas Petroleum Announces Proposed Fundraising for Net Proceeds of £13,000,000

18
February

Canadian Overseas Petroleum Limited Secures Senior Credit Facility for up to US$65 million

8
February

Canadian Overseas Petroleum Repays Riverfort Loan in Cash

1
February

Canadian Overseas Petroleum: ShoreCan and Essar Mauritius Agree to Extend Agreements and Atomic Update

28
January

Canadian Overseas Petroleum Limited Comments on the New US Federal Oil and Gas Lease Policy as It Pertains to the Atomic Acquisition

21
January

Canadian Overseas Petroleum Limited Secures Term Sheet for up to US$65 million Senior Credit Facility

8
January

Canadian Overseas Petroleum Limited Announces Atomic Acquisition Update and Additional £3,000,000 Placing

30
December

Canadian Overseas Petroleum Limited Announces £6,000,000 Placing

18
December

Canadian Overseas Petroleum Responds to Market Rumours Regarding Acquisition of Atomic Oil & Gas LLC

16
December

Canadian Overseas Petroleum Acquisition of Atomic Oil & Gas LLC

17
November

Canadian Overseas Petroleum Reports Third Quarter 2020 Results

26
October

Canadian Overseas Petroleum: ShoreCan and Essar Mauritius Agree to Extend Agreements

29
September

Canadian Overseas Petroleum Options Grant

24
September

Canadian Overseas Petroleum: Operations Update

15
September

Canadian Overseas Petroleum Reports Second Quarter 2020 Results

31
August

Canadian Overseas Petroleum Limited: Extension of Filing Date for Q2 Interim Financial Statements and MD&A

17
August

Canadian Overseas Petroleum Limited: Extension of Filing Date for Q2 Interim Financial Statements and MD&A

14
August

Canadian Overseas Petroleum Limited: Admission to Trading Following Exercise of Warrants

4
August

Canadian Overseas Petroleum: ShoreCan and Essar Mauritius Sign Definitive Agreements Resolving Dispute

22
July

Canadian Overseas Petroleum Limited Admission to Trading

21
July

Canadian Overseas Petroleum Limited ShoreCan and Essar Mauritius Agree to Extension

20
July

Canadian Overseas Petroleum Limited Announces £1,300,000 Placing & Successful Shares For Debt Proposal

14
July

Canadian Overseas Petroleum Limited Admission to Trading for Shares for Debt

10
July

Canadian Overseas Petroleum Limited: ShoreCan and Essar Mauritius Extend Backstop Date

7
July

Canadian Overseas Petroleum Limited Admission to Trading Following Exercise of Warrants

1
July

Canadian Overseas Petroleum Limited Admission to Trading and Appointment of CFO

30
June

Canadian Overseas Petroleum Reports First Quarter 2020 Results

23
June

Canadian Overseas Petroleum Limited Announces £700,000 Share Placing

15
June

Canadian Overseas Petroleum Limited Secured a Loan

4
June

Canadian Overseas Petroleum: ShoreCan and Essar Mauritius Agree to Resolve Dispute

13
May

Canadian Overseas Petroleum Reports 2019 Year End Results and Updates Timing of Annual Meeting and Filings Due to Covid-19

30
April

Canadian Overseas Petroleum Limited Secures Capital Investment

6
April

Canadian Overseas Petroleum Update on Disagreement between ShoreCan and Essar Mauritius

3
April

Canadian Overseas Petroleum Limited Provides Further Details Regarding Deferral of Filings

27
March

Canadian Overseas Petroleum Limited Electing to Defer Filings Following CSA Temporary Relief in Light of Coronavirus

21
February

Canadian Overseas Petroleum Limited Announcement of Secured Loan Facility to Progress OPL 226 Project

14
November

Canadian Overseas Petroleum Reports Q3 2019 Results

4
September

Canadian Overseas Petroleum Admission to Trading

21
August

Canadian Overseas Petroleum Limited Announces Placing

13
August

Canadian Overseas Petroleum Reports Q2 2019 Results

24
June

Canadian Overseas Petroleum Admission to Trading

21
June

Canadian Overseas Petroleum Update on Placing

18
June

Canadian Overseas Petroleum Update on Placing

4
June

Canadian Overseas Petroleum Limited Updates on Placing

28
May

Canadian Overseas Petroleum Limited, Placing

14
May

Canadian Overseas Petroleum Reports Q1 2019 Results

29
March

Canadian Overseas Petroleum Reports 2018 Year End Results and Q1 Update

28
January

Canadian Overseas Petroleum 2018 Year End Update and Outlook for 2019

8
November

Canadian Overseas Petroleum Files Q3 2018 Results

30
October

COPL Announces Listing on the Canadian Securities Exchange and Delisting from the TSX Venture Exchange

16
October

COPL Update on Disagreement between ShoreCan and Essar Mauritius

18
September

COPL Announces Expected Admission to Trading in London of Placing Shares Issued to Directors, Employees and Advisors

31
August

Canadian Overseas Petroleum Ltd Announces 3M Pounds Common Share Offering Admitted to Trading

23
August

Canadian Overseas Petroleum Publication of Prospectus

17
August

Canadian Overseas Petroleum 3 Million Pound Common Share Offering

16
August

Update on Disagreement between ShoreCan and Essar Mauritius

14
August

Canadian Overseas Petroleum Files Q2 2018 Results

30
July

Canadian Overseas Petroleum Limited Receives Project Financing Term Sheet for Nigerian Development Project

10
May

Canadian Overseas Petroleum Files Q1 2018 Results

23
March

Canadian Overseas Petroleum Reports 2017 Year End Results

15
December

Canadian Overseas Petroleum Ltd: Mozambique License Awarded and Nigeria Update

27
November

Canadian Overseas Petroleum Share Options Grant

13
November

Canadian Overseas Petroleum Ltd. Reports Q3 2017 Results

16
October

Canadian Overseas Petroleum Ltd: Admission to Trading in London of Shares

2
October

Canadian Overseas Petroleum Ltd: £2.5 million Common Share Offering

27
September

Canadian Overseas Petroleum Ltd: Operational Update

10
August

Canadian Overseas Petroleum Ltd: Reports Q2 2017 Results

12
June

Canadian Overseas Petroleum Ltd: Admission to Trading in London of Shares

9
June

Canadian Overseas Petroleum: Prospectus in Respect of a Second Tranche Offering

25
May

Canadian Overseas Petroleum: Common Share Offering

5
May

Canadian Overseas Petroleum Reports Q1 2017 Results

29
March

Canadian Overseas Petroleum Reports 2016 Year End Results

16
December

Canadian Overseas Petroleum Ltd : Liberia Well Reaches Final Total Depth

23
November

Canadian Overseas Petroleum Ltd: Mesurado-1 Well Commences Drilling Operations

16
November

Canadian Overseas Petroleum Limited Stock Options Grant

11
November

Canadian Overseas Petroleum Limited Reports Third Quarter Results

24
October

Canadian Overseas Petroleum Limited Responds to Recent Volume Increases

14
September

Canadian Overseas Petroleum Limited Completion of Acquisition in Nigeria

11
August

Canadian Overseas Petroleum Limited: Reports Second Quarter 2016 Results and Stock Options Grant

7
June

Canadian Overseas Petroleum Limited: Results of Annual and Special Meeting

13
May

Canadian Overseas Petroleum Appoints CFO, Grants Stock Options to Officers and Directors, and Reports Q1 2016 Results

5
May

Canadian Overseas Petroleum Limited Notice of Annual & Special Meeting of Shareholders

3
May

Canadian Overseas Petroleum Limited Announces Closing of Brokered Portion of Private Placement and Appointment of Broker to LSE Main Market

29
April

Canadian Overseas Petroleum Limited: Closing of UK Private Placement

27
April

Canadian Overseas Petroleum Limited Announces Expected Admission to Trading in London of Shares

26
April

Canadian Overseas Petroleum Limited Announces Expected Admission to Trading in London of Shares

26
April

Canadian Overseas Petroleum Limited Announces Increase to Private Placement from $6.0 Million to $8.25 Million

20
April

Canadian Overseas Petroleum Limited Announces Private Placement of First Tranche of Units

30
March

Canadian Overseas Petroleum Limited Announces Private Placement of Units

28
March

Canadian Overseas Petroleum Reports 2015 Year End Results

18
February

Canadian Overseas Petroleum Ltd: Directors Dealing

23
December

Canadian Overseas Petroleum Limited: Directors Dealing

16
November

Canadian Overseas Petroleum Limited: Board Addition

10
November

Canadian Overseas Petroleum Reports 3rd Quarter Results

2
November

Canadian Overseas Petroleum Limited Board Change

1
October

Canadian Overseas Petroleum Limited Strategy and Corporate Update

23
September

Canadian Overseas Petroleum Ltd: Liberia Update

13
August

Canadian Overseas Petroleum Limited Announces Admission to Trading in London of Shares

12
August

Canadian Overseas Petroleum Reports 2nd Quarter Results

23
July

Canadian Overseas Petroleum Ltd: Board Change

9
July

Canadian Overseas Petroleum Limited Closes Unit Offering for Approximately $7.2 Million

29
June

Canadian Overseas Petroleum Limited Files Final Short Form Prospectus for Unit Offering

9
June

Canadian Overseas Petroleum Limited Announces Offering of Units

2
June

Canadian Overseas Petroleum Limited Announces Liberia Update

14
April

Canadian Overseas Petroleum Board Change

26
February

Joint Venture with Shoreline Energy International

27
November

Canadian Overseas Petroleum Limited Liberia Update

11
November

Canadian Overseas Petroleum Reports Third Quarter Results

14
October

Canadian Overseas Petroleum Limited Update

16
September

Canadian Overseas Petroleum Limited Appoints Vice President Of Business Development and General Council

15
September

Canadian Overseas Petroleum Limited Engages CHF Investor Relations

21
August

COPL closes $10.1mm Financing

23
July

Corporate & Operational Update

6
May

Canadian Overseas Petroleum Announces Presentation Dates

16
April

Canadian Overseas Petroleum Files Year End Results

4
April

Canadian Overseas Petroleum Addition toTrading and First Day of Dealings

31
March

Canadian Overseas Petroleum Ltd. London Listing, Prospectus Offering, Corporate and Operational Update

12
February

Canadian Overseas Petroleum Recognized as a TSX Venture 50 for 2014

20
December

Canadian Overseas Petroleum Operational Update

3
December

Canadian Overseas Petroleum Issuance Pursuant to Shares for Debt Agreement

19
November

Canadian Overseas Petroleum Grants Common Share Options

15
November

Canadian Overseas Petroleum Reports Third Quarter Results

1
November

Canadian Overseas Petroleum Shares for Debt Agreement

18
October

Canadian Overseas Petroleum Announces Management Change

13
September

Canadian Overseas Petroleum Limited to Present at the FirstEnergy/Societe Generale Global Energy Conference – London

9
September

Canadian Overseas Petroleum Announces Upcoming Investor Events

28
August

Canadian Overseas Petroleum Completes Second Closing of Common Share Offering

12
August

Canadian Overseas Petroleum Reports Second Quarter Results

25
July

Canadian Overseas Petroleum Closes Common Share Offering for $6.0 Million

4
July

Canadian Overseas Petroleum Files Final Short Form Prospectus for Common Share Offering

27
June

Canadian Overseas Petroleum Files Amended and Restated Preliminary Prospectus for Common Share Offering

17
May

Canadian Overseas Petroleum Reports First Quarter Results

15
April

Canadian Overseas Petroleum Announces Offering of Common Shares

9
April

Canadian Overseas Petroleum Makes Management Changes

5
April

Canadian Overseas Petroleum Closes Liberia LB-13 Transaction

28
March

Canadian Overseas Petroleum Files Annual Information Form and Reserves Information

28
March

Canadian Overseas Petroleum Appoints New Director

27
March

Liberian Legislature Ratifies Amended Production Sharing Contract for LB-13

22
March

Canadian Overseas Petroleum Files Year End Results

8
March

NOCAL Approves Revised Production Sharing Contract for Block LB-13 Offshore Liberia; Canadian Overseas Petroleum Revises Agreements with Peppercoast Petroleum and ExxonMobil

7
March

Canadian Overseas Petroleum Acknowledges Speech by NOCAL CEO Regarding Block LB-13

13
November

Canadian Overseas Petroleum Reports Third Quarter Results

2
November

Canadian Overseas Petroleum’s Joint Venture Partner Awarded Block in New Zealand

17
October

Canadian Overseas Petroleum Updates BG Dispute

10
August

Canadian Overseas Petroleum Reports Second Quarter Results

11
May

Canadian Overseas Petroleum Reports First Quarter Results

18
April

National Oil Company of Liberia Accepts In-Principle the Proposed ExxonMobil and Canadian Overseas Petroleum Joint Venture for Block LB-13

29
March

Canadian Overseas Petroleum Files Year End Results

29
March

Canadian Overseas Petroleum Files Reserves Information

8
March

Canadian Overseas Petroleum Abandons Bluebell Well

27
February

Canadian Overseas Petroleum Begins Drilling in Bluebell Prospect

16
February

Canadian Overseas Petroleum Announces Termination of Agreement with BG for UK Blocks

30
December

Canadian Overseas Petroleum COO Retires

30
November

Canadian Overseas Petroleum Announces Esperanza Well Test Results

18
November

Canadian Overseas Petroleum Reports Third Quarter Results

16
November

Canadian Overseas Petroleum Signs Agreement with ExxonMobil for Offshore Liberia Block

9
November

Canadian Overseas Petroleum Makes Discovery at Esperanza

4
October

Canadian Overseas Petroleum Drilling Vessel On Site at UK North Sea Esperanza Prospect

26
August

Canadian Overseas Petroleum Files Second Quarter Results

24
August

Canadian Overseas Petroleum Makes Oil Discovery at Fulla

7
July

Canadian Overseas Petroleum Commences Drilling the First Well in its 2011 UKCS Drilling Program

30
June

Canadian Overseas Petroleum Continues Discussions for Closing the Acquisition of Offshore Liberian Block

7
June

Canadian Overseas Petroleum to Acquire Additional Interests in the UK North Sea

20
May

Canadian Overseas Petroleum Files First Quarter Results

18
May

Canadian Overseas Petroleum to Acquire Offshore Liberian Interest

31
March

Canadian Overseas Petroleum Files Year End Results

31
March

Canadian Overseas Petroleum Files Reserves Information

28
March

Canadian Overseas Petroleum Announces 2011 Drilling Schedule

24
February

Canadian Overseas Petroleum Grants Share Options

22
February

Canadian Overseas Petroleum Signs Earn-In Agreement

24
January

Canadian Overseas Petroleum Receives Transfer of License, DECC Approval

1
December

Canadian Overseas Petroleum Closes 130 Million Dollar Offering

29
November

Canadian Overseas Petroleum Releases Third Quarter Results

24
November

Canadian Overseas Petroleum Files Final Prospectus for 130 Million Dollars

22
November

Canadian Overseas Petroleum Sets Offering Price

29
October

Canadian Overseas Petroleum Files Preliminary Prospectus

12
October

Canadian Overseas Petroleum Signs Letter of Intent

30
September

Canadian Overseas Petroleum Receives Exclusivity Letter

27
August

Canadian Overseas Petroleum Issues Second Quarter Results

16
August

Canadian Overseas Petroleum Limited Signs Letter of Intent

3
August

Velo Energy is now Canadian Overseas Petroleum Limited, Stock Symbol XOP

16
June

Velo Energy Shareholders Approve Name Change, Share Consolidation

8
June

Velo Energy Repays Bridge Loan

1
June

Velo Energy Issues Share Options

28
May

Velo Issues First Quarter Results

21
May

Velo Energy Closes Non Brokered Private Placement

14
May

Velo Energy Closes Private Placement

6
May

Velo Energy Issues Shares to Lender

5
May

Velo Energy Announces Private Placement

30
April

Velo Energy Files Year End Results

30
April

Velo Energy Files Reserves Data

29
March

Velo Energy Appoints Director

4
March

Velo Energy Board Change

23
February

Velo Energy Provides North Sea Update

18
January

Velo Energy Files Amendment to Final Prospectus

6
January

UK Regulator Refuses Consent to Transfer of Offshore Licenses to Velo Energy

15
December

Velo Energy Files Final Prospectus

11
December

Velo Appoints Endeavour Financial as Advisor and Arranges 2 Million Bridge Financing

7
December

Velo Energy Update on Public Offering

27
November

Velo Announces Third Quarter Results

15
October

Velo Energy Files Prospectus to Fund North Sea Operations

7
October

Velo Energy Enters Into Agreements for UK North Sea Properties

5
October

Velo Energy Announces Board and Management Changes

17
August

Velo Energy Announces Board Appointments

7
August

Velo Energy Announces Management and Strategic Changes

27
May

Velo Energy Announces Annual and Special Meeting

7
May

Velo Energy Inc. Files NI 51-101

16
February

Velo Energy Announces New Director

28
October

Velo Energy Announces Change in Management

1
August

Velo Energy Provides Corporate Update

28
July

Velo Energy Provides Corporate Update

30
June

Velo Energy Provides Corporate Update

11
June

Private Placement

1
April

Business Plan

27
February

Velo Energy Provides Corporate Update

CONNECT WITH US

3200, 715 – 5th Avenue SW Calgary,
Alberta Canada T2P 2X6
Email: info@canoverseas.com
Phone: +1.403.262.5441

© COMPANY RIGHTS RESERVED

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Find out more on the Investor page

Canadian Overseas Petroleum Limited

Legal Disclaimer

Material contained in the Canadian Overseas Petroleum Limited web site is for information purposes only and is not intended to constitute an offering of securities in any jurisdiction. Information disclosed under the corporate and securities laws of Canadian jurisdictions applicable to Canadian Overseas Petroleum Limited is not intended to be in any way qualified, amended, modified or supplemented by the information available in, through, or on this web site. Due to the technical and security risks inherent on the Internet, and because the document you access may differ from the original depending on your browser software, the information set out in this web site should not be used for the purpose of making decisions with respect to Canadian Overseas Petroleum Limited securities. If you are contemplating trading in Canadian Overseas Petroleum Limited securities, you should contact Investor Relations to obtain printed copies of the documents you wish to review.

Canadian Overseas Petroleum Limited (“COPL”) maintains this web site as an informational service. This site is not intended to supplement or substitute for any legally required disclosure relating to COPL or its securities. Please read the LEGAL NOTICE section for this site before you proceed. Your use of this site constitutes acknowledgment and acceptance of the terms and conditions regarding its use as stated in the LEGAL NOTICE section

Use of Cookies When you click Agree below, a small amount of data (“a cookie”) will be written to your browser, which will enable you to review information contained on this web site. The cookie is valid for one week, after which you will be again prompted to accept the web site legal notice. The use of cookies is very common on commercial web site and web browsers normally accept cookies. If you have turned this function off in your browser’s preferences, you will need to turn it on to gain access to this portion of our web site. COPL respects your privacy and no personal information is collected or stored as part of this process.

LEGAL NOTICE This website is provided to you by Canadian Overseas Petroleum Limited (“COPL”) for informational purposes only and subject to the terms and conditions set forth below (the “Service Terms”). The website and the information (including changes to the terms herein) may be changed or updated from time to time without notice.

By using this website, you agree to be bound by and comply with the Service Terms, which are subject to and incorporate any additional terms and conditions elsewhere on this website. COPL may change the Service Terms at any time without notice. Your continued use of this website following such changes will mean that you agree to be bound by, and will comply with, the changes.

Limited Use This website is not intended to be used in a solicitation manner or for the offering of securities in any jurisdiction. The documents and information provided do not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of COPL and should not be used for the purpose of making investment decisions concerning securities of COPL. Information contained in this website is for information purposes only. The documents and materials on this website is not intended to modify, qualify, supplement, replace or update information disclosed under corporate and securities legislation of any jurisdiction related to COPL.

Trademark and Copyright All material and information found in this website is owned by or licensed to COPL and protected under the copyright and trademark laws of Canada and other applicable jurisdictions. The display of trademarks, tradenames or design marks in this website does not imply that a license of any kind has been granted to any other party.

Any unauthorized use regarding publication, copying or modification of information on this website, including trademarks, tradenames and design marks, may violate applicable legislation and may result in legal action.

Disclaimers of Warranties This website and its content are provided “as is” and use of this website or the information and documents contained therein is at your own risk. COPL does not make any representations, warranties or conditions about the quality, accuracy, reliability, completeness, currency, or timeliness of this website or any information or documentation contained therein. COPL does not assume any responsibility for any errors, omissions or inaccuracies of this website or any information or documentation contained therein. To the fullest extent permitted by law, COPL disclaims all warranties, representations and conditions of any kind with respect to this website and any information or documentation contained therein whether express, implied or collateral, including, without limitation, representations, warranties or conditions about the quality, accuracy, reliability, completeness, currency, or timeliness of the website or any information or documentation contained therein and implied warranties and conditions of merchantability, fitness for a particular purpose and non-infringement or that this website or any information or documentation contained therein are or will be error-free or will operate without interruption.

Currency and Accuracy of Information The content on this website may not always be the most current source of information about COPL, and COPL disclaims liability for any failure to update this website or the information or any document contained herein. In addition, the documents and information available on this website are not intended to provide specific legal, accounting, financial, investing or tax information or advice to you and are provided as a convenience only. Where any documents on this website have been filed in accordance with applicable securities laws, the documents on this website may not be the official versions of COPL’s securities laws disclosure documents.

Forward-Looking Statements COPL’s website contains certain forward-looking information and forward-looking statements (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are based on COPL’s current expectations, estimates, projections and assumptions that were made by COPL in light of information available at the time the statement was made and consider COPL’s experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. Some of the forward-looking statements may be identified by words such as “objective”, “targets”, “estimates”, “anticipated”, “plans”, “goal”, “vision”, “strategy”, “expects”, “proposed”, “intention”, “continue”, “may”, “will”, “outlook”, “opportunity”, “pursuing”, “illustrative”, “projected”, “scheduled”, “believes”, “indicates”, “could”, “focus”, “should”, “would” and variations of such words and similar expressions.

Although COPL believes that the expectations and assumptions on which such forward looking statements are based are reasonable, forward-looking statements are not guarantees of future performance and undue reliance should not be placed on the forward-looking statements. COPL’s actual results may differ materially from those expressed or implied by its forward-looking statements. Risks, uncertainties and other factors that could influence the financial and operating performance of COPL include, but are not limited to, changes in general economic, market and business conditions, such as commodity prices, interest rates and currency exchange rates; fluctuations in supply and demand for COPL’s services and products; competitive actions of other companies; labour and material shortages; actions by government authorities; the level of exploration, development and production for oil and natural gas in Canada, the United States and other areas and regions in which COPL provides services and products; the occurrence of unexpected events such as fires, equipment failures and other similar events affecting COPL or other parties whose operations or assets directly or indirectly affect COPL; the potential for security breaches of COPL’s information systems by computer hackers or cyberterrorists, and the unavailability or failure of such systems to perform as anticipated as a result of such breaches; market instability affecting COPL’s ability to borrow in the capital debt markets at acceptable rates; maintaining an optimal debt to cash flow ratio; the cost of compliance with current and future environmental laws; the risk of war, hostilities, civil insurrection, political instability and terrorist threats; and other circumstances affecting revenues and expenses. The foregoing important factors are not exhaustive. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent upon other factors, and COPL’s course of action would depend upon its assessment of the future considering all information then available. Except as required by applicable securities laws, COPL does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. Links

COPL’s websites contain links to third party sites. These links have been provided solely as a convenience for users of the websites and do not constitute an endorsement by COPL of the content of third party sites. Links to COPL websites may also be provided from other websites either known or unknown to COPL. Accessing other websites linked to or from COPL’s websites is at your own risk.

When you visit the Canadian Overseas Petroleum Limited web sites certain information is collected that is used to improve our web sites and to respond to your interests and needs. This information includes your computer’s IP address, the type of browser that you use and the web pages or files that you access. Canadian Overseas Petroleum Limited may also collect information from you when you make inquiries about Canadian Overseas Petroleum Limited or its products. Canadian Overseas Petroleum Limited uses the information that it collects to contact you in responding to your inquiry. We also may use this information to update any product information that we have provided to you previously and to communicate with you about our products and services that may be of interest to you. For these purposes, Canadian Overseas Petroleum Limited may share your personal information with its related companies. However, under no circumstances will your personal information be disclosed to any third party unless you expressly consent or if we are required to do so by law.


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The Canadian Overseas Petroleum Limited web site use appropriate technology and procedural measures to provide protection for the information that we collect.


By using the Canadian Overseas Petroleum Limited web site, you consent to the collection and use of your personal information as described above. If Canadian Overseas Petroleum Limited changes this Privacy Policy in the future, the changes will be posted on this web site so you can always know what information we collect and how we use it. Any future access to any of our web sites subsequent to the posting of such changes will be deemed to be an acceptance of, and agreement to, our Privacy Policy as amended.

COPL Reserve Summary Tables

at December 31, 2021 and July 31, 2022

Investor Presentation

October 2022

Updated Version Coming Soon

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Firm

Alternative Resource Capital Hannam & Partners
Tennyson Securities

Location

London, UK
London, UK
London, UK

Barron Flats Unit

  • Current production c.1,450 bbl/d (gross) with a forecast rise to 5,000 bbl/d in 2023 (based on 2P reserves forecast predictions).  Reservoir simulation work suggests that additional production rates may be obtained through increased gas injection rates, proper miscible flood management and a successful development drilling program.

 

  • Federal Unit (Deep) (55.56% WI): 24,650 gross acres – significant upside in deeper horizons with horizontal wells

Cole Creek Unit

  • Initially, up to 17 cased oil wells (many currently suspended) will be re-completed and put back on to production in the second half of 2021.

 

  • Field limits will be defined by development drilling.  A miscible flood project is to tentatively start when Barron Flats flood has plateaued in production.

 

  • Significant upside in unit redevelopment with horizontal production wells and miscible flooding

 

  • Third-party reserves auditor forecast gross production rate plateau of c.3,500 bbl/d to 4,000 bbl/d under the 2P reserves case starting in 2026.  Additional production increases from a miscible flood project would be in addition to this.

17 cased oil wells

4,000 bbl/d

Barron Flats Unit

  • Current production c.1,450 bbl/d (gross) with a forecast rise to 5,000 bbl/d in 2023 (based on 2P reserves forecast predictions).  Reservoir simulation work suggests that additional production rates may be obtained through increased gas injection rates, proper miscible flood management and a successful development drilling program.

 

  • Federal Unit (Deep) (55.56% WI): 24,650 gross acres – significant upside in deeper horizons with horizontal wells

Firm

Alternative Resource Capital Hannam & Partners
Tennyson Securities

Location

London, UK
London, UK
London, UK