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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Reiterates its objectives for 2022, aiming to optimise and increase oil production at the operated Barron Flats Shannon Unit miscible flood. Alluding to some discussions about his company taking place online, President & Chief Executive Officer Arthur Millholland hopes "our clarification aids those stakeholders that have concerns resulting from the views and discussions on social media and internet chat forums."
"All stakeholders should know we have an experienced managerial, financial and technical team, and such the company is more than confident in reiterating that we delivered on our 2021 objectives, and are well positioned to achieve our forthcoming plan in 2022," he adds.
Millholland says 2021 was a "transformative" year and firm is looking to the future with "renewed confidence".
Current stock price: 26.50 pence, up 20% on Wednesday
12-month change: down 34%
By Tom Budszus; tombudszus@alliancenews.com
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