Markets

Canadian Overseas Petroleum "Encouraged" by Liberian Official's Remarks About Block LB-13; Shares Up 40% Early Afternoon

Canadian Overseas Petroleum Limited (XOP.V), today acknowledged statements made by the Chief Executive Officer of the National Oil Company of Liberia yesterday, relating to the proposed acquisition of a significant interest in offshore Liberia Block LB-13 by a wholly-owned subsidiary of XOP.

The parties are in the process of executing the relevant documents and XOP is encouraged by this development. XOP said it hopes to be in a position to provide further news shortly.

Shares are up 6 cents (40%) to 21 cents. Volume traded is 2.38 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More