Canadian Overseas Petroleum Limited (DI) (COPL)

Sector:

Energy Producers

0.048p
   
  • Change Today:
      0.005p
  • 52 Week High: 14.96
  • 52 Week Low: 0.040
  • Currency: UK Pounds
  • Shares Issued: 277.86m
  • Volume: 350,407,817
  • Market Cap: £0.13m

Shares in Canadian Overseas Petroleum Ltd dive on Mesurado-1 news

By Andrew Schonberg

Date: Monday 19 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Shares in Canadian Overseas Petroleum Ltd (COPL) tanked more than three-quarters of their value on news the Mesurado-1 well in Liberia is to be plugged and abandoned.
It said the offshore Mesurado-1 well -- operated by ExxonMobil Exploration and Production Liberia Ltd -- reached final total depth on 17 December. It is on block LB-13.

COPL subsidiary Canadian Overseas Petroleum (Bermuda) Ltd holds a 17% interest.

"The well, targeting oil in a sequence of Late Cretaceous Santonian aged sands, intersected 145 meters (475 feet) of net sand of which 118 meters (387 feet) was deemed to be reservoir quality," COPL said in a statement.

"No hydrocarbons were indicated by the logging while drilling operations performed across the targeted intervals," it added.

"As such the operator has advised the company that no further logging operations will be conducted and the well will be plugged and abandoned."

COPL's chief executive, Arthur Millholland, noted that the company holds an attractive oil appraisal and development project offshore Nigeria on OPL 226.

"Appriasal drilling operations are planned to commence in late 2017. These operations will continue to add value to the company," he said.

At about 10:51 GMT, shares in COPL were down 76.56% to 1.88p.

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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 0.048p
Change Today 0.005p
% Change -9.52 %
52 Week High 14.96
52 Week Low 0.040
Volume 350,407,817
Shares Issued 277.86m
Market Cap £0.13m

COPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average
34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average
Value
81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average
34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average
Income Not Available
Growth
16.79% above the market average16.79% above the market average16.79% above the market average16.79% above the market average16.79% above the market average
5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average

COPL Dividends

No dividends found

Trades for 01-Mar-2024

Time Volume / Share Price
16:29 2,040,816 @ 0.049p
16:29 100,000 @ 0.050p
16:29 2,000 @ 0.050p
16:28 20,000 @ 0.050p
16:28 1,875 @ 0.045p

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