Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on offshore West Africa, has announced that through it’s partnership with Shoreline Energy, the Company continues to source funds for the first drill in OPL 226, offshore Nigeria. To this end the Company has engaged COFARCO SAS of Paris France and Zeus Capital of London United Kingdom to source the required funds. COPL remains confident that it will meet the target drilling of an appraisal well in late 2017.
Arthur Millholland, President & CEO, commented:
‘We remain focused on developing an attractive oil appraisal in OPL 226, offshore Nigeria, which is a highly prospective area in our opinion. The two Investment Banks we have engaged are experienced in financing African energy ventures. We look forward to updating the market on the progress made at OPL 226 in the second and third quarters.’
Source: Press Release