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Investegate |Canadian O'Seas Petr Announcements | Canadian O'Seas Petr: Senior Credit Facility for up to US$65 million


 
Calgary, Canada & London, United Kingdom, February 18, 2021
- Canadian Overseas Petroleum Limited ( COPL or the Company ) (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company, today announces that:
 
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The Company has been notified that its previously announced US$65 million Senior Credit Facility ( Credit Facility or Facility ) was approved by the Investment Committee of the Lender, a US based Global Investment Firm (the Lender )
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This represents a significant positive step in the previously disclosed planned process of obtaining financing and completing the closing of its acquisition of Atomic Oil and Gas LLC ( Atomic ) and its related entities, as announced on December 16, 2020. ....

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Guyana: The World's Next Petrostate


NEW BRUNSWICK, New Jersey The South American mineral-rich nation of Guyana has a sizeable land area of approximately 214,969 km
2, with a population of less than 800,000. The country is home to part of the Amazon forest, as well as an abundance of natural resources such as gold, diamond, aluminum ore, bauxite, sugar and rice. Guyana also boasts a range of climates, with different parts of the country experiencing tropical, hot, humid and moderate conditions, making for a broad scope of potential resource and agricultural cultivation opportunities. With Guyana being predicted to be the world’s next petrostate, we will examine the nation’s economic situation, the discovery of crude oil and leading initiatives and challenges faced in discovering new oil reserves. ....

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