The Company is an international oil and gas exploration and development company focused in offshore West Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil Liberia the operator holding an 83% working interest.
We highlight a few Oil & Gas AIM-listed companies that have been gathering shareholder attention lately. A couple have relaunched themselves, some have suffered major setbacks from past heights, while others have gathered pace and are looking to expand. One thing is for sure, life is never dull on the Alternative Investment Market (AIM).
Canadian Overseas Petroleum Limited is a junior oil and gas company focused in Sub-Saharan African. The company is headquartered in Calgary, Canada and the shares trade on the London Stock Exchange (AIM:COPL) and on the TSX Venture Exchange(TSXV: XOP).
Canadian Overseas Petroleum Limited
Announce a Common Share offering to raise gross proceeds of £3.25 million (the “Placing”), pursuant to which the Company will issue 650,000,000 new common shares (“Placing Shares”) at a price of 0.5 pence per Placing Share. Management, including Arthur Millholland, President & CEO, representing approximately 3% of the existing share capital of the Company, and certain existing shareholders, plan to participate in the Placing for an amount approximately equal to their proportionate current holdings in the Company.