COPL Completes Significant Acquisition in Nigeria: High Quality Oil Appraisal and Development Asset

Since our last blog on Canadian Overseas Petroleum (TSX.V: XOP, LSE: COPL), one of the two major events  discussed has now been  successfully concluded with the acquisition of interests in block OPL 226 located offshore in the central area of the Niger Delta now referred to as the Noa Complex. Click here to view COPL Investor Presentation on the Noa Complex (pages 21-30). COPL’s 50%-owned affiliate Shoreline Canadian Overseas Petroleum Limited purchased 80% of the share capital of Essar Exploration and Production Limited (Nigeria). With COPL’s superior technical team, a drill location has been identified which will be an offset to an oil discovery made in 2001. This is a major milestone that expands COPL’s regional footprint with Nigeria’s high quality oil. Click here to read on the news release.