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Canadian Overseas Petroleum Ltd - oil and gas company focused on Sub-Saharan Africa - Says current oil production up 50% to 1,800 barrels a day gross due to the commencement of increased gas injection volumes at its Barron Flats miscible flood project. For the 16 days leading up to March 31, production averaged barrels a 1,220 barrels a day gross and 706 net.
The company is working towards finalising its prospectus, which is needed to allow its shares to resume trading on the London Stock Exchange.
Current stock price: 0.38 pence, suspended on Monday
Year-to-date change: up 58%
By Will Paige; willpaige@alliancenews.com
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