Canadian Overseas Petroleum Ltd. (EOP.V) has released its second quarter results for the three and six months ended June 30, 2016.
In the second quarter of 2016, the company continued to identify, evaluate and pursue exploration and development opportunities in Nigeria, Equatorial Guinea and other West African countries. The company is focused on offshore opportunities that its seasoned technical team has strength in evaluating and developing.
Arthur Millholland, president and chief executive officer, commented:
“The company’s strategy is to grow our international oil and gas business offshore sub-Saharan Africa and elsewhere in the world by farming into and/or acquiring interests in exploration, unappraised and/or undeveloped assets, as well as in producing assets using the expertise and experience of our senior management team."
“COPL’s short-term operations will focus on working with ExxonMobil to progress the activities on the future drill locations in Liberia and working towards successfully concluding a variety of new opportunities available to the company in sub-Saharan Africa.”
The interim financial statements and management’s discussion and analysis for the second quarter can be viewed on the company’s website or on SEDAR under the COPL listing.