Canadian Overseas Petroleum – Shard Capital’s updated research note

8 February 2017

Canadian Overseas Petroleum (COPL) commences 2017 with a renewed focus on its activities in Nigeria. Although the Exxon-operated Mersurado-1 exploration well in Liberia in which COPL held a fully carried 17% interest was dry, COPL is not a single asset play. Through the company’s ShoreCan JV which holds 80% of licence OPL 226 offshore Nigeria, COPL has exciting exposure to the Noa-1 discovery. In particular, this asset has near term cash generation potential through the drilling of an early appraisal/production well in late 2017.

To read Shard Capital’s updated note please click here.