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Canadian Overseas Petroleum Limited Requests Management Cease Trade Order to Allow for Additional Time to Prepare Interim Financial Statements for the Period Ending June 30, 2021
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Drilling into solitude: Oil and gas project in the Tendoy Mountains plunges forward
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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
More than $500 million in federal funding helped Wyoming businesses in 2020
In the past nine months, the Wyoming Business Council has infused almost $513 million into the stateâs economy, helping businesses and nonprofits weather the challenges brought on by the COVID-19 pandemic.
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In March 2020, the U.S. Congress allocated the State of Wyoming $1.25 billion as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
During a Special Session in May, the Wyoming Legislature passed three bills to guide how that money was to be spent, initially earmarking $325 million for business and nonprofit relief through the COVID-19 Business Relief Program (BRP), which the Business Council administered.
In the past nine months, the Wyoming Business Council has infused almost $513 million into the state’s economy, helping businesses and nonprofits weather the challenges brought on by the COVID-19 pandemic.
In March 2020, the U.S. Congress allocated the State of Wyoming $1.25 billion as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. During a Special Session in May, the Wyoming Legislature passed three bills to guide how that money was to be spent, initially earmarking $325 million for business and nonprofit relief through the COVID-19 Business Relief Program (BRP), which the Business Council administered.
“Thanks to Governor Gordon, the Wyoming Legislature, and our partners, we were able to place relief funding directly into the hands of businesses and nonprofits, keeping doors open and more folks employed,” said Business Council CEO Josh Dorrell. “Combining the relief funding with some of the country’s most business-friendly health orders allows W
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