Proactive Investors - Run By Investors For Investors

COPL enjoying renewed confidence in its Nigeria project as financing talks advance

Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive London's Andrew Scott he hopes to complete financing for an appraisal drilling programme at OPL226 in Nigeria by the middle of 2019.

He adds that talks are underway with three large groups that can provide both oil services and finance.

COPL's looking to arrange project finance of US$100mln and equity of a further US$20mln

 
View full COPL profile View Profile

Canadian Overseas Petroleum Limited Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use