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

Canadian Overseas Petroleum launches £2.5m fundraising

By Iain Gilbert

Date: Monday 02 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Calgary-based oil firm Canadian Overseas Petroleum (COPL) announced a new £2.5m funding programme as the firm looked to raise capital to cover its ongoing general and administrative expenses at its West African operations.
COPL said the salaries of its geologists, geophysicists, reservoir engineers, drilling engineers and in-house counsel made up the bulk of its $410,000 a month costs.

The group said COFARCO SAS of Paris and London firm Zeus Capital would be handling the project-level funding for its upcoming work programmes, including planned activity at its Nigerian joint venture with Shoreline Energy where appraisal drilling was slated to start between late 2017 and early 2018.

Arthur Millholland, COPL chief executive, said, "This placing will strengthen our balance sheet while we concurrently work towards finalising the project financing, operations program and plan for our OPL 226 project offshore Nigeria."

As of 1030 BST, shares had dropped 17.33% to sit at 1.24p.

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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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