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Canadian Overseas Petroleum announce extension of settlement with Essar deadline

Canadian Overseas Petroleum announce extension of settlement with Essar deadline

Canadian Overseas Petroleum Limited's (LON:COPL) Arthur Millholland catches up with Proactive London.

He explains the context behind the extension deadline for the settlement date for the agreement between its 50%-owned joint venture Shorecan and Essar Mauritius.

This agreement involves the OPL 226 prospect which has been extended until January 29, 2021 due to the limitations of Covid-19 on travel which means the parties are unable to meet in person.