Canadian Overseas Petroleum Limited (DI) (COPL)

Sector:

Energy Producers

0.44p
   
  • Change Today:
    -0.055p
  • 52 Week High: 0.53
  • 52 Week Low: 0.033
  • Currency: UK Pounds
  • Shares Issued: 4,817.50m
  • Volume: 264,563,762
  • Market Cap: £21.20m

Canadian Overseas Petroleum launches £2.5m fundraising

By Iain Gilbert

Date: Monday 02 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Calgary-based oil firm Canadian Overseas Petroleum (COPL) announced a new £2.5m funding programme as the firm looked to raise capital to cover its ongoing general and administrative expenses at its West African operations.
COPL said the salaries of its geologists, geophysicists, reservoir engineers, drilling engineers and in-house counsel made up the bulk of its $410,000 a month costs.

The group said COFARCO SAS of Paris and London firm Zeus Capital would be handling the project-level funding for its upcoming work programmes, including planned activity at its Nigerian joint venture with Shoreline Energy where appraisal drilling was slated to start between late 2017 and early 2018.

Arthur Millholland, COPL chief executive, said, "This placing will strengthen our balance sheet while we concurrently work towards finalising the project financing, operations program and plan for our OPL 226 project offshore Nigeria."

As of 1030 BST, shares had dropped 17.33% to sit at 1.24p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

COPL Market Data

Currency UK Pounds
Share Price 0.44p
Change Today -0.055p
% Change -11.11 %
52 Week High 0.53
52 Week Low 0.033
Volume 264,563,762
Shares Issued 4,817.50m
Market Cap £21.20m

COPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.68% below the market average33.68% below the market average33.68% below the market average33.68% below the market average33.68% below the market average
93.55% below the sector average93.55% below the sector average93.55% below the sector average93.55% below the sector average93.55% below the sector average
Price Trend
73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average
94.06% above the sector average94.06% above the sector average94.06% above the sector average94.06% above the sector average94.06% above the sector average
Income Not Available
Growth Not Available

COPL Dividends

No dividends found

Trades for 05-Aug-2020

Time Volume / Share Price
16:22 3,402,672 @ 0.45p
16:17 2,837,441 @ 0.46p
17:07 3,300,000 @ 0.44p
15:57 3,100,000 @ 0.46p
16:45 650,594 @ 0.44p

COPL Key Personnel

Chair Harald Ludwig
CFO Ryan Gaffney

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