Canadian O’Seas Petr (COPL.L) President and CEO Stock Purchase

London, United Kingdom; Calgary, Canada: February 8, 2022 – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with operations focused in Wyoming, USA.

Announces that its Board of Directors approved the granting of 15,430,000 Share Options of the Company effective January 29, 2022. The Share Options were granted under the Company’s Share Option Plan at an exercise price of C$0.54 per share to the Company’s directors, officers, and employees and expire five years from the date of grant.

Executives and Director’s of COPL were granted the following Share Options:

  • Arthur Millholland, President, CEO & Director: 3,928,000
  • Ryan Gaffney, CFO: 2,452,000
  • Harald Ludwig, Chairman: 1,450,000
  • Massimo Carello, Director: 800,000
  • John Cowan, Director: 800,000
  • Nigel Little, Director: 500,000

About the Company:

COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse County, Wyoming, and in sub-Saharan Africa through its ShoreCan joint venture company in Nigeria, and independently in other countries.

The Company’s Wyoming operations are one of the most environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighbouring wind farm to power production facilities.

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: [email protected]

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