IN BRIEF: Canadian Overseas Petroleum Agrees On Extended Backstop

Fri, 10th Jul 2020 16:35

Canadian Overseas Petroleum Ltd - oil and gas exploration and development company focused on sub-Sahara Africa - Says its 50% owned joint venture company Shoreline Canadian Overseas Petroleum Development Corp and Mauritian Essar Exploration & Production Ltd have agreed to extend the backstop date to July 20. The backstop concerns a dispute with their respective obligations under the Essar Exploration and Production Ltd shareholders agreement.

Current stock price: 0.32 pence

Year-to-date change: up fourfold from 0.070 pence

By Greg Roxburgh; gregroxburgh@alliancenews.com

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