TIDMCOPL
RNS Number : 5623S
Canadian Overseas Petroleum Ltd
07 November 2023
COPL Announces Board Changes
London, United Kingdom; Calgary, Canada: November 7, 2023 -
Canadian Overseas Petroleum Limited and its affiliates ("COPL" or
the "Company") (XOP: CSE) & (COPL: LSE), an international oil
and gas exploration, production and development company, with
operations focused in Converse and Natrona Counties, Wyoming, USA,
announces changes to its Board of Directors (the "Board").
The Company is pleased to announce, Mr. Atul Gupta has been
appointed as a Non-Executive Director effective 2(nd) November,
2023. Mr. Gupta will assume the role of chairman of the Nomination
committee and the Reserves committee and will sit on the Audit
committee. He will serve until his re-election at the Company's
Annual and Special Meeting in 2024.
Mr. Gupta is a petroleum engineer with over 40 years of
experience in the oil and gas sector. Mr. Gupta has been Executive
Chairman for Nostrum Oil & Gas Plc, Chairman for Seven Energy
International Ltd., Managing Director at Hindustan Oil Exploration
Co., Ltd., Principal at Petrofina SA, Principal at Charterhouse
Petroleum Plc, Chief Executive Officer of Burren Energy Plc and
Principal at Monument LLC. Mr. Gupta has a degree in Chemical
Engineering from the University of Cambridge and a degree in
Petroleum Engineering from Heriot-Watt University.
COPL also announces that Mr. Robert Chenery has stepped down
from his role as director after 19 months on the Board. The Company
wishes to thank Mr. Chenery for his service and contribution to the
Company.
Thomas Richardson, Chairman, commented : "I am delighted that
Atul has agreed to join the Board. He brings very valuable
experience across multiple skill sets including reservoir
engineering. Understanding the dynamic nature of the BFU reservoir
has been our biggest challenge to date. I am very grateful to Bob
for all his time and work on the Board."
About the Company:
COPL is an international oil and gas exploration, development
and production company actively pursuing opportunities in the
United States with operations in Wyoming.
The Company operates the Cole Creek Unit 100% WI, Barron Flats
Shannon (Miscible) Unit 85% WI and holds Barron Flats Federal
(Deep) 85% WI in addition to non-unitized lands 100% WI.
The Company's Wyoming operations are one of the most
environmentally responsible with minimal gas flaring and methane
emissions combined with electricity sourced from a neighbouring
wind farm to power production facilities.
For further information, please contact:
Mr. Thomas Richardson, Chairman
Mr. John Cowan, CEO
Mr. Ryan Gaffney, CFO
Canadian Overseas Petroleum Limited
Tel: + 1 (403) 262 5441
Cathy Hume
CHF Investor Relations
Tel: +1 (416) 868 1079 ext. 251
Email: cathy@chfir.com
Charles Goodwin / Shivantha Thambirajah
Yellow Jersey PR Limited
Tel: +44 (0) 77 4778 8221
Email: copl@yellowjerseypr.com
Peter Krens
Joint Broker
Equity Capital Markets, Tennyson Securities
Tel: +44 (0) 20 7186 9033
Andrew Chubb / Neil Passmore
Advisor/Joint Broker
Hannam & Partners
+44 (0) 20 7907 8500
The Common Shares are listed under the symbol "XOP" on the CSE
and under the symbol "COPL" on the London Stock Exchange.
This news release contains forward-looking statements. The use
of any of the words "initial, "scheduled", "can", "will", "prior
to", "estimate", "anticipate", "believe", "should", "forecast",
"future", "continue", "may", "expect", and similar expressions are
intended to identify forward-looking statements. The
forward-looking statements contained herein are based on certain
key expectations and assumptions made by the Company, including,
but not limited to, the ability to raise the necessary funding for
operations, delays or changes in plans with respect to exploration
or development projects or capital expenditures. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements since the
Company can give no assurance that they will prove to be correct
since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties most of which are beyond the control of the Company.
For example, the uncertainty of reserve estimates, the uncertainty
of estimates and projections relating to production, cost overruns,
health and safety issues, political and environmental risks,
commodity price and exchange rate fluctuations, changes in
legislation affecting the oil and gas industry could cause actual
results to vary materially from those expressed or implied by the
forward-looking information. Forward-looking statements contained
in this news release are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
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END
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November 07, 2023 02:00 ET (07:00 GMT)
Canadian Overseas Petrol... (LSE:COPL)
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Canadian Overseas Petrol... (LSE:COPL)
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から 6 2023 まで 6 2024