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FTSE 100 holds modest gains as Dow starts slowly
Janet Yellen’s speech today on ‘The State of the Labor Market’ will be scrutinised for any additional Santa or Scrooge-like guidance on monetary policy.
Company
LON:COPL
Canadian Overseas Petroleum Limited is an oil and gas company, headquartered in Calgary, Canada. The company creates value through the acquisition, exploration, development and production of oil and natural gas reserves and holds interests in petroleum assets in the United States of America.
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Investments and investor services
Janet Yellen’s speech today on ‘The State of the Labor Market’ will be scrutinised for any additional Santa or Scrooge-like guidance on monetary policy.
“Mesurado-1 is a high impact well which could be potentially transformational for COPL," said analyst Craig Howie.
Exxon has started drilling the Mesurado-1 which has the potential to discover billions of barrels of oil offshore Liberia.
Shore Capital estimates the risked net asset value for COPL to be 21p – more than double the current share price.
“Mesurado-1 is a high impact well and ... we believe that the risks lie firmly on the upside for COPL.”
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
Exxon has confirmed drilling will start in Liberia next month.
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The weekly round up of oil news from the world of Proactive.
COPL's 50%-owned affiliate Shorecan has completed the acquisition of an asset off the coast of NIgeria
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A round up of oil sector news from the world of Proactive.
Canadian Overseas Petroleum could find out as soon as late 2016 or early 2017 whether their share price is going to explode following a likely historic drilling off Liberia, according to analysts at Edison on Tuesday
A round up of all the oil related headlines from the world of Proactive.
COPL 's assets are worth up to four times the current market price suggests its new house broker
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COPL’s exciting portfolio is focused on the offshore Cretaceous plays that have delivered so much exploration success across the deep water regions of West Africa in recent years
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Board change for Canada Overseas Petroleum, Independent Resources cuts debt and secures permit extension, and Premier Oil expects top end of expectations.
Aureus is working with consultants to remedy problems, Brady in line with expectations and a strong quarter for Kris Energy.
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A round up of all this week's mining news from Proactive.
The share placing supports COPL ahead of the Exxon operated exploration well offshore Liberia, as well as covering its share of costs for an appraisal and development joint venture in Nigeria.
The Footsie put on a late spurt to finish in the blue, as US stocks roused themselves after a sluggish start.
Shares dropped as crude prices fell, but Stagecoach provided interest
A summary of today's most followed firms and news items....
Main share price risers and fallers trading in London today
Oil stocks COPL and LGO Energy were the top risers, with both undergoing something of a rebirth
Arthur Millholland described the new funding as the first step in COPL's relaunch to the London equity market.
Cash proceeds will provide support ahead an Exxon partnered well offshore Liberia, and as the company pursues appraisal and development activities in Nigeria.
Ebola Medal for Sula Iron & Gold, a further extension for Trinity and a solid start for Quartix.
COPL ended 2015 with some US$2mln of cash, and continued to focus on a proposed well offshore Liberia and other new opportunities in sub-Saharan Africa.
It is the third month in a row that the president and chief executive officer has upped his stake
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The FTSE 100 ended in the red, weighed down by big payers Astra, Glaxo and Shell going ex-dividend.
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Unusually, the majority of the big gains today were to be found among the FTSE 350 - especially the FTSE 100
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A round-up of the day's company news from the small cap universe
FTSE100 was buoyed by retail stocks at lunch and investor sentiment seemed to be improving as the index climbed 1.6% higher.
Arthur Millholland now has about 2.5% of the company following his latest transactions.
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Here are last weeks highlights from the oil and gas sector
Investments and investor services
COPL, DekelOil and Stratex were also in the news today
The explorer is partnered with ExxonMobil on a venture in Liberia.
Investments and investor services
Real Estate Investors and Telit Communications also had news out today...
Canadian Overseas Petroleum, the offshore West Africa focused oiler, said Richard Schmitt had resigned from the board as director with effect from October 31.
Investments and investor services
Shares in Atlantic Coal flew higher today but Ortac Resources took the top spot on the risers board.
COPL, and partner Shoreline, had meetings in Nigeria last week and the deal is anticipated “within the shortest possible time”.
Investments and investor services
Below are the main news-driven share price movements at 3.30pm.
Canadian Overseas Petroleum revealed that the ExxonMobil operated well off the coast of Liberia has been confirmed in the American major’s budget for 2016.
Investments and investor services
Frackers received a boost today, particularly IGas...
Canadian Overseas Petroleum shares were unchanged in London as the sub-Sahara focused oil and gas group released latest half year results, which confirmed its strategy of growing the business through farming into, or acquiring assets.
In March this year, COPL started diversifying by forming a strategic alliance with Shoreline Energy International.
Canadian Overseas Petroleum said chief financial officer Christopher McLean has resigned from the board..
Production updates, junior funding deals and new opportunities, so, just another week in the oil sector then
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A number of resource companies have successfully raised fresh capital today, while another has been on a cost-cutting drive.
Canadian Overseas Petroleum (LON:COPL, CVE:XOP), focused on offshore sub-Sahara, told investors it brought in around C$7.2mln from a previously announced funding.
Investments and investor services
Toumaz Limited announced a partnership with Google for its next generation connected audio solutions.
Exxon is committed to drilling an offshore well, and the Liberian authorities will extend the PSC's exploration period if necessary.