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Investegate |Canadian O'Seas Petr Announcements | Canadian O'Seas Petr: Response to Market Rumours Regarding Acquisition

The Company is actively pursuing opportunities in the United States through the acquisition of Atomic Oil and Gas LLC, and in sub-Saharan Africa. In Nigeria, in partnership with Shoreline Energy International Limited ( Shoreline ) and through their jointly held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation ( ShoreCan ), COPL and Shoreline currently hold 80% of the share capital and have taken over the management of Essar Exploration and Production Limited (Nigeria) ( Nigerian Affiliate or the Affiliate ). On August 4, 2020, the Company announced that the shareholders of the Nigerian Affiliate had executed definitive agreements to resolve their longstanding disputes. Completion is ongoing, and when completed ShoreCan s shareholding in the Affiliate will change in accordance to the terms outlined in the Press Release. The Affiliate holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100 ....

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Amid Chinese glare, India and Vietnam look to ramp up energy, defence ties | India News

DEEPENING PARTNERSHIP: Recently, an Implementation Agreement (IA) on Hydrography was signed between India and Vietnam in the presence of defence minister Rajnath Singh( in pic) and his Vietnamese counterpart General Ngo Xuan Lich
NEW DELHI: Despite China s objections to Indian investment in Vietnam s oil and gas sector, India and Vietnam are looking to scale up energy ties, while also strengthening defence and security cooperation. Ahead of PM Narendra Modi s virtual meeting with his counterpart Nguyen Xuan Phuc next week, Vietnam has said it s looking forward to oil and gas exploration company Essar Exploration ramping up its investment in the southeast Asian country to $11 billion. ....

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