REG - Canadian O'Seas Petr - Appointment of Non-Executive Director

Canadian Overseas PetroleumAnnouncement

27/04/2022 07:16

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RNS Number : 4433J  Canadian Overseas Petroleum Ltd  27 April 2022

 

 

COPL Appoints Robert J. Chenery as Non-Executive Director

London, United Kingdom; Calgary, Canada: April 27, 2022 - Canadian Overseas
Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an
international oil and gas exploration, production and development company with
production and development operations focused in Converse and Natrona
counties, Wyoming, USA, is pleased to announce the appointment of Mr. Robert
J. Chenery as Independent Non-Executive Director effective April 1, 2022.

 

Mr. Chenery has worked in the petroleum and natural gas industry for more than
50 years. Since 1981, Mr. Chenery has been President of Chenery Dobson
Resource Management Ltd, a firm specializing in the evaluation and management
of oil and gas assets primarily controlled by investors, banks, and other
financial institutions. In addition, on behalf of some of the same clients,
Mr. Chenery has been the CEO and/or Chairman of the board of several small oil
and gas enterprises. Prior to 1981, Mr. Chenery was a member of the senior
management team of the Elf/Aquitaine Group in Canada. Academic qualifications
include a Bachelor of Science in Geological Engineering and a Master in
Business Administration. Mr. Chenery is also a member, in good standing, of
the Association of Professional Engineers and Geoscientists of Alberta
(APEGA).

 

Mr. Chenery will Chair the COPL Reserves Committee and sit on the Health,
Safety, and Environment Committee.

 

Arthur Millholland, President & CEO, commented: "Robert is a great
addition to our board as he has such relevant in-depth sector expertise
including reservoir analysis, evaluation, and management throughout North
America and internationally. He also has significant executive management
experience so will be able to bring a diverse skill set and perspective to the
business as we capitalize on the oil discovery we announced earlier this year
and our increased working interest in our Wyoming assets."

 

About the Company:

 

COPL is an international oil and gas exploration, development and production
company actively pursuing opportunities in the United States with operations
in Wyoming, and in sub-Saharan Africa through its ShoreCan joint venture
company in Nigeria, and independently in other countries.

 

The Company's Wyoming operations are one of the most environmentally
responsible with minimal gas flaring and methane emissions combined with
electricity sourced from a neighbouring wind farm to power production
facilities.

 

 

 

For further information, please contact:

 

Mr. Arthur Millholland, President & CEO

Mr. Ryan Gaffney, CFO

Canadian Overseas Petroleum Limited

Tel: + 1 (403) 262 5441

 

Cathy Hume

CHF Investor Relations

Tel: +1 (416) 868 1079 ext. 251

Email: cathy@chfir.com

 

Charles Goodwin

Yellow Jersey PR Limited

Tel: +44 (0) 77 4778 8221

Email: copl@yellowjerseypr.com

 

Peter Krens

Equity Capital Markets, Tennyson Securities

Tel: +44 (0) 20 7186 9033

 

Alex Wood & Keith Dowsing

Joint Broker

Alternative Resource Capital

AW: +44 (0) 7559 910872

KD: +44 (0) 7559 910873

 

Andrew Chubb / Neil Passmore

Advisors/Joint Brokers

Hannam & Partners

+44 (0) 20 7907 8500

 

The Common Shares are listed under the symbol "XOP" on the CSE and under the
symbol "COPL" on the London Stock Exchange.

 

 

This news release contains forward-looking statements. The use of any of the
words "initial, "scheduled", "can", "will", "prior to", "estimate",
"anticipate", "believe", "should", "forecast", "future", "continue", "may",
"expect", and similar expressions are intended to identify forward-looking
statements. The forward-looking statements contained herein are based on
certain key expectations and assumptions made by the Company, including, but
not limited to, the ability to raise the necessary funding for operations,
delays or changes in plans with respect to exploration or development projects
or capital expenditures. Although the Company believes that the expectations
and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking
statements since the Company can give no assurance that they will prove to be
correct since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties most of
which are beyond the control of Canadian Overseas Petroleum Ltd. For example,
the uncertainty of reserve estimates, the uncertainty of estimates and
projections relating to production, cost overruns, health and safety issues,
political and environmental risks, commodity price and exchange rate
fluctuations, changes in legislation affecting the oil and gas industry could
cause actual results to vary materially from those expressed or implied by the
forward-looking information.  Forward-looking statements contained in this
news release are made as of the date hereof and Canadian Overseas Petroleum
undertakes no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.

 

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