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Canadian Overseas Petroleum 'can now go forward on operational plan'

Canadian Overseas Petroleum 'can now go forward on operational plan'

Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP)'s chief executive Arthur Millholland joins Katie to talk about what he says is 'the last quarter where we continue to carry a bankrupt partner'.

Looking back on the last quarter, petroleum sales, net of royalties, were unchanged from the first quarter at US$7.1mln

The reduction in oil production was due to operational interruptions at certain high-impact wells with a miscible flood programme, it said.