Canadian Overseas Petroleum Ltd.

LONDON and CALGARY, AB, March 11, 2024 /CNW/ - Canadian Overseas Petroleum Ltd. & announced that the previously disclosed initial order has been issued by the Alberta Court of King's Bench pursuant to the Companies' Creditors Arrangement Act . In connection with the CCAA proceedings, the COPL Group has executed a restructuring support agreement with the senior lenders to COPL's subsidiary, COPL America, Inc. , pursuant to [...]

LONDON and CALGARY, AB, March 11, 2024 /CNW/ - Canadian Overseas Petroleum Ltd. & announced that, after extensive consideration and review of the Company's current financial situation, COPL and its subsidiaries have applied for an initial order from the Alberta Court of King's Bench pursuant to the Companies' Creditors Arrangement Act . The Initial Order would provide for, among other things, a stay of proceedings in [...]

COPL Extends Forbearance Agreement Canadian Overseas Petroleum Ltd. , announces that it has agreed with its senior credit facility lender to extend the term of the previously announced Forbearance Agreement to March 8, 2024. Under the terms of the Forbearance Agreement, among other things, the senior credit facility lender has agreed not to enforce certain rights and remedies that it might otherwise have as a result of [...]

COPL Provides Business and Financial Performance Update Canadian Overseas Petroleum Ltd. , an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, provides a business and financial performance update. On December 29, 2023, the Company announced that it had entered into a Forbearance Agreement with its [...]

LONDON and CALGARY, AB, Feb. 9, 2024 /CNW/ - Canadian Overseas Petroleum Ltd. & , an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announces that Ryan Gaffney has stepped down as the Chief Financial Officer of the Company. The board of directors of the Company will be considering a process to [...]

Canadian Overseas Petroleum Ltd. , an international oil and gas exploration, production and development focused in Converse and Natrona Counties, Wyoming, USA, announces the following executive and director changes: Mr. Peter Kravitz has been appointed as interim Chief Executive Officer; Mr. Mark Wall has joined its Board as a Non Executive Director to replace Mr. Atul Gupta who has stepped down. Mr. Kravitz, a founding [...]

Canadian Overseas Petroleum Ltd. and its affiliates , an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona counties, Wyoming, USA, announces completion on January 15, 2024, of the critical $2.5 million equity financing providing the Company with short-term working capital. Financing Highlights 1,312,232,633 common shares of [...]

Canadian Overseas Petroleum Ltd. announces that is has requested exemptions under Policy 4, Corporate Governance, Security Holder Approvals and Miscellaneous Provisions of the Canadian Securities Exchange with respect to the requirement for security holder approval of an offering. In relation to the offering announced on December 29, 2023 , the Company under Policy 4 of the CSE, is required to hold a security holder vote [...]

Statement Re Share Price Movement Canadian Overseas Petroleum Ltd. , notes the recent movements in the price of its common shares. Other than those circumstances disclosed by the Company in recent weeks, the Company is not aware of any operational or corporate reason for the price movement. The equity financing announced by the Company on December 29, 2023 is expected to close next week on the terms that were announced [...]

COPL Provides Update in Response to Shareholder Queries Canadian Overseas Petroleum Ltd. , an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, provides the following update in response to queries from shareholders. Were the recent financings from Anavio necessary and were the terms reasonable in the [...]