Weekly Status Report June 10, 2021, Calgary, Alberta - Canadian Overseas Petroleum Limited (the Company ) (XOP: CSE) & (COPL: LSE), is providing this bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ( NP 12-203 ). On May 12, 2021, the Company disseminated a news release (the MCTO Notice ) disclosing that it had voluntarily applied to the Alberta Securities Commission (the ASC ) for a management cease trade order ( MCTO ) as it was not able to complete and file its unaudited interim financial statements and the applicable CEO and CFO certifications in respect of such filings for the period ended March 31, 2021 (collectively the Interim Filings ) by the filing deadline of May 17, 2021. On May 27, 2021 the Company announced that the ASC granted the MCTO on May 18, 2021 provided that the Company issue a bi-weekly default status report every two weeks, in accordance with NP 12-203, during the period of
CALGARY, AB / ACCESSWIRE / June 10, 2021 / Canadian Overseas Petroleum Limited (the "Company") (CSE:XOP) & (LSE:COPL), is providing this bi-weekly default status report in accordance with National Policy
Canadian Overseas Petroleum Limited Announces Approval of Application of Management Cease Trade Order and Provides First Bi-Weekly Status Report
Company ) (CSE:
XOP)(LSE:
COPL), is pleased to announced that further to its press release dated May 12, 2021, its application to its principal regulator, the Alberta Securities Commission (the
ASC ), for a management cease trade order (the
MCTO ) under National Policy 12-203 - Management Cease Trade Orders (
NP 12-203 ) has been granted as of May 18, 2021. As previously announced, the application for the MCTO was made by the Company in order to secure additional time for the Company to prepare its unaudited interim financial statements and the applicable CEO and CFO certifications in respect of such filings for the period ended March 31, 2021 (collectively the
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CALGARY, AB / ACCESSWIRE / May 12, 2021 / Canadian Overseas Petroleum Limited (the
Company ) (CSE:XOP)(LSE:COPL), an international oil and gas exploration and development company, today announces that is has requested a temporary Management Cease Trade Order (
MCTO ) from the Alberta Securities Commission (
ASC ) in connection with the Company s filing of its unaudited interim financial statements and the applicable CEO and CFO certifications in respect of such filings for the period ended March 31, 2021 (collectively the
Interim Filings ).
Atomic ) and Southwestern Production Corp. (
SWP ), two closely held oil and gas companies with producing oil and gas assets in Wyoming, United States (the
Acquisition ). The Acquisition closed on March 16, 2021 with an effective date of December 1, 2020. The Company has not yet received the audited financial statements of Atomic and SWP for the year ended December 31, 2020, which are required to complete the Interim Filings b
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Proactive Oil & Gas highlights: DGOC, 88 Energy, Tullow, Mosman, ADM Energy, Canadian Overseas Petroleum, Jersey, United Oil & Gas
It was another active week in the junior oil and gas sector.
Diversified Gas & Oil PLC (LON:DGOC) acquired a package of assets in Louisiana, marking its first deal in a newly identified ‘central’ regional focus area (RFA). The company is paying US$135mln for upstream assets and related facilities from Indigo Minerals LLC. The package, referred to as Cotton Valley, includes some 16,000 barrels oil equivalent per day (boepd) of production across 780 net operated wells.
It is host to around 50mln barrels of proved-developed-producing (PDP) reserves. And the company highlighted that the operations benefit from Gulf Coast pricing, which the company noted means higher realisations.