Canadian O’Seas Petr (COPL.L) Receipt of Prospectus and Readmission to Trading

Calgary, Canada & London, United Kingdom, August 11, 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 announce that it has received written notice approving a Final Prospectus dated 11 August 2021 (“Prospectus”) from the Financial Conduct Authority (“FCA”).

The Company has subsequently applied to the FCA and London Stock Exchange for relisting on the official list of the FCA and readmission to trading of its common shares on the Standard Segment of the London Stock Exchanges Main Market for listed securities. The receipt of the written notice approving the Prospectus is a key condition to recommencing trading of the Company’s common shares, which have been suspended from trading following completion of the acquisition of Atomic Oil and Gas LLC and its subsidiaries (the “Atomic Acquisition”) as announced to the market on March 16, 2021.

The Company will update the market when it receives the date of readmission, which it expects in the upcoming days.

A copy of the Prospectus can be viewed under the Company’s name at www.sedar.com or at the Company’s website at www.canoverseas.com.

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


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