Thursday, March 30, 2017
Canadian Overseas Petroleum Ltd. (COPL) reiterated its commitment to its asset in Liberia in its results for the year ending December 31, 2016. COPL stated that it and its partner ExxonMobil remain committed to interpreting the data collected from drilling the Mssurado-1 well.
Arthur Millholland, president and CEO of the company, said that while COPL was disappointed with the results from drilling the well it still believes there remains upside potential.
In Nigeria, COPL through its partnership with Shoreline Energy, continues to source funds for the first drill at OPL 226, offshore Nigeria. COPL remains confident that it will meet the target drilling of an appraisal well in late-2017.