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All eyes on Canadian Overseas Petroleum's offshore Nigeria asset

Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive they've engaged two investment banks for a potential funding of the group’s plans in Nigeria.

Paris based COFARCO SAS and London’s Zeus Capital have been tasked to raise funds for drilling on the OPL 226 asset, offshore Nigeria.

Quick facts: Canadian Overseas Petroleum Limited

Price: 0.0545 GBX

LSE:COPL
Market: LSE
Market Cap: £1.9 m
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COPL's chief says acquisition of Essar's OPL 226 block in Nigeria is rare...

Arthur Millholland, president and chief executive at Canadian Overseas Petroleum Limited (LON:COPL, CVE:XOP) talks to Proactive Investors about the acquisition of 80% of the share capital of Essar Exploration and Production Limited in Nigeria, which gives COPL 100% interest and operatorship...

on 16/9/16

2 min read