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Canadian Overseas Petroleum (CSE:XOP) New Listing

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The company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited as part of its strategy to generate stable cash flow from secure offshore and onshore assets.

Additional Information:

Company: Canadian Overseas Petroleum
Website: http://www.CanOverseas.com
Stock Symbol: CSE: XOP
Date Published: Nov 2, 2018
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Canadian Overseas Petroleum is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “XOP”, having previously traded on the TSX Venture Exchange.

The shares also trade on the London Stock Exchange.

The company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited as part of its strategy to generate stable cash flow from secure offshore and onshore assets.

The company and Shoreline Energy, through their jointly-held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation, have acquired 80% of Essar Exploration and Production Limited and is awaiting ministerial approval of the transaction.

Essar holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100% holding in OPL 226.

The proposed initial work program involves the drilling of an appraisal well on the Noa-1 oil discovery.

In Mozambique, Canadian Overseas has been awarded onshore Block PT5-B through its 50%-owned subsidiary ShoreCan.

The approximately 4,400 square kilometer Block surrounds the north, west and southwest margins of the
Pande Gas Field which has reported gas reserves of 2.6 trillion cubic feet.

The property is prospective for light oil and gas in the productive zones at Pande, Temane and Inhassoro as well as deeper horizons.

The shares are currently trading at $0.005 with approximately 2.5 billion shares outstanding.

For more information, please visit the company’s website at www.CanOverseas.com, contact Arthur Millholland, President and CEO, at 403-262-5441 or email AMillholland@canoverseas.com.

Investor relations is handled by Cathy Hume of CHF Capital Markets, who can be reached at 416-868-1079 ext 231, or by email at cathy@chfir.com.

I’m Erica James for Investmentpitch Media