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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:

·
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 )
·
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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Canadian Overseas Petroleum Limited (LSE:COPL) | RNS | Canadian O'Seas Petr - Senior Credit Facility for up to US$65 million

Canadian Overseas Petroleum Limited (LSE:COPL) | RNS | Canadian O'Seas Petr - Senior Credit Facility for up to US$65 million
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Canadian O'Seas Petr Announcements | Canadian O'Seas Petr: Term Sheet for US$65m Senior Credit Facility

Investegate announcements from Canadian O Seas Petr, Term Sheet for US$65m Senior Credit Facility ....

Cole Creek , United States , United Kingdom , State Of Colorado , City Of , Ryan Gaffney , Arthur Millholland , Charles Goodwin , Lp Ryder Scott , Cathy Hume , Barrels Of Oil Equivalent , Southwestern Production Corp , Canadian Overseas Petroleum Limited , London Stock Exchange , Canadian Overseas Petroleum , Canadian Oil , Atomic Oil , Company Press , Capital Partners , Canadian Overseas Petroleum Ltd , Global Investment Firm The Lender , Yellow Jersey , Davis Graham Stubbs , Term Sheet , Senior Credit Facility , Overseas Petroleum Limited ,

Unfair call for removal of the Energy Minister

Unfair call for removal of the Energy Minister
Wednesday 30 December 2020
THE EDITOR: I read a recent newspaper article which I thought contained unfair criticism of Minister of Energy Franklin Khan. After citing a number of facts, the writer called for the resignation of the minister.
However, it became very apparent that these justifications were shaky at best and the writer omitted a significant amount of other information which would have provided the reader with a wider perspective.
The article hinges its argument on an apparent decline in natural gas and crude oil production which currently stands at 3.2 billion cubic feet per day (bcf p/d), as compared to 3.3 bcf p/d in 2016 when the minister assumed office. ....

United States , Central Bank , Energy Franklin Khan , Ministry Of Energy , Energy Franklin , Ryder Scott Report , ஒன்றுபட்டது மாநிலங்களில் , மைய வங்கி , ஆற்றல் பிராங்க்ளின் காந் , அமைச்சகம் ஆஃப் ஆற்றல் , ஆற்றல் பிராங்க்ளின் , ரைடர் ஸ்காட் அறிக்கை ,

Acquisition of Atomic Oil & Gas LLC, 16 Dec 2020 01:00

· Two operated oil fields in Wyoming, USA at start of their 40+ year life
· ROI over 50% with $2.18/bbl acquisition cost vs a value of $7.52/bbl at NPV (10%)

Calgary, Canada; London, United Kingdom; December 16, 2020 - Canadian Overseas Petroleum Limited ( COPL or the Company ) (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company, today announces that it has agreed to acquire Atomic Oil & Gas LLC ( Atomic ) for a consideration of US$54 million consisting of assumed debt, cash and shares. This strategic acquisition would represent a step change in the capacity and revenue generating opportunities open to the Company. COPL expects to complete the acquisition by January 31, 2021, with a long stop date in the agreement of 90 days from execution. The effective date of the transaction is December 1, 2020. ....

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