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(Alliance News) - Stocks in London were set to retreat slightly on Monday, in line with equity markets in Asia, at the start of the last week before the Christmas holidays.
Read more(Alliance News) - Canadian Overseas Petroleum Ltd on Wednesday said petroleum sales increased in its latest quarter due to rising oil prices, but that crude oil sales fell due to repair work at multiple wells.
Read more(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:
Read moreCanadian Overseas Petroleum Ltd - International oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona counties, Wyoming - Confirms that it has received USD4 million, at 2.6 pence per share, to conclude the financing announced on October 6. As part of its liquidity management and in conjunction with the terms of the financing, Canadian Overseas Petroleum says that it will be settling amounts owed to various creditors in shares over the coming weeks.
Read more(Alliance News) - Canadian Overseas Petroleum Ltd on Friday said it raised more equity investment than expected but at a much lower price than originally planned, following a share price tumble over the past month.
Read more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - Canadian Overseas Petroleum Ltd on Wednesday announced a series of improvements to its financing situation, while also installing a new board chair and chief executive officer.
Read more(Alliance News) - Canadian Overseas Petroleum Ltd on Tuesday reported it sold more oil in the second quarter of 2023 than a year ago, albeit lower prices reduced revenue.
Read moreCanadian Overseas Petroleum Ltd - oil and gas exploration, production and development company with production and development operations focused in the Converse and Natrona counties, Wyoming - Announces its COPL America affiliate signs non-binding letter of intent for a joint venture with "an established energy company" to develop and exploit oil reserves at the Cole Creek join-venture in Converse and Natrona counties, Wyoming.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
Read moreCanadian Overseas Petroleum Ltd - oil and gas exploration, production and development company with production and development operations focused in the Converse and Natrona counties, Wyoming - Says that oil production in the second quarter rebounded to an average of 1,250 barrels of oil per day, with production for the month of June averaging 1,249 barrels. Pipelining at the Barron Flats Shannon Unit caused intermittent interruptions in injection volumes and production volumes due to temporary shutdown of certain injection wells and production wells.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:
Read moreCanadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Chair Harald Ludwig steps down from board with immediate effect. Says John Cowan will become interim chair. As board director Massimo Carello also leaves with immediate effect, says the board now consists of three non-executive directors and one executive director. There are currently no plans to appoint new directors, Canadian Oversea Petroleum says.
Read moreCanadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Issues 25.9 million common shares to settle USD1.3 million of conversion payments. Following the issue of the shares, the company will have a total of 477.5 million shares issued and outstanding.
Read moreCanadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Says oil production is increasing due in part to resumption of optimisation programme after disruptions caused by severe winter weather, which reduced sales in the fourth quarter. Average gross production increased 14% to 1,330 barrels of oil per day in May from 1,170 barrels in April. Meanwhile conversions of three Barron Flats Shannon Unit flowing wells to pumping-flowing wells have been completed. The first was converted in April with production more than doubled to 190 barrels per day in May up from 90 barrels pre-conversion. The second well is not yet stable but is producing above pre-conversion levels. The company is planning paraffin treatment schedules to rectify this. Production on the third well resumed on May 31. Canadian Overseas also says the initial phase of the second Cole Creek Unit re-completion for frontier one oil production has been completed, with oil inflow observed upon perforation.
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