Canadian Overseas Petroleum Limited
3200, 715 – 5th Avenue SW, Calgary, Alberta, Canada | Oil & Gas
Canadian Overseas Petroleum Limited is a junior oil and gas company focused in Sub-Saharan African. The company is headquartered in Calgary, Canada. Our shares trade on the London Stock Exchange (“COPL”) and on the TSX Venture Exchange (“XOP”).
Our team of highly skilled geologists and engineers have years of experience in the UK basin, West Africa, and a variety of regions throughout the globe. They have a proven track record for finding oil and gas and then developing the discoveries quickly and efficiently.
Overview
In 2011, Canadian Overseas Petroleum Limited made the decision to enter West Africa, specifically in the country of Liberia via Block LB-13. We have a broad team of individuals who have years of experience working in the region, and possess a strong track record of making discoveries. Our goal is to continue to grow our company by exploring for oil in emerging regions where large discoveries are occurring yet remain lightly explored, and by focusing on single well unappraised discoveries in mature basisns and bringing them into production quickly and efficiently.
The geological traits of West Africa are similar to those of the North Sea, and our team is excited about exploring for oil and gas in these offshore continental margins. We continue to investigate opportunities elsewhere in the world also.
Our Philosophy
Strong, sound, rigorous governance is at the heart of any publicly traded company, and as such, we have developed a structure to guide Canadian Overseas Petroleum and propel shareholder value.
We know that in addition to our shareholders, there are many other stakeholders to whom we are responsible-our employees, contractors, partners, local and national governments, citizens and the living creatures that inhabit the offshore environment in which we work. We strive to conduct our company in a manner that is environmentally, economically, ethically and socially responsible to all of these stakeholders, and demonstrate that we are good stewards of the resources entrusted to us.
Our Board of Directors plays an active role in developing our corporate strategy and ensures that management has the necessary tools to successfully execute it.
Board of Directors
Our Board of Directors plays an active role in developing our corporate strategy and ensures that management has the necessary tools to successfully execute it. Our first and foremost duty is to our shareholders and to act in their best interests in all that we do. Currently our Board has 6 directors, 4of whom are independent. All are experienced directors who possess breadth and depth in the corporate world, and who currently hold or have held senior management positions for diverse, global companies.
Harald Ludwig
Chairman
Independent Director
Mr. Ludwig is currently a director of Lions Gate Entertainment Corporation. Since 1985 Mr. Ludwig has served as President of Macluan Capital Corporation, a diversified private equity and investment firm. He also serves on the boards of various private and public companies, including West Fraser Timber Company, one of North America’s largest forest products companies, and Seaspan Corporation, a NYSE listed company. He is a founding partner or private equity investor in a number of North American and international private equity firms, hedge funds, mezzanine lenders, growth capital providers, distressed investment firms and real estate investment vehicles. He also serves as an adviser to Tennenbaum Capital Partners LLC, a private investment firm.
Massimo Carello
Independent Director
Dr. Carello has over 30 years of international senior management and director level experience, including serving as Chairman and Chief Executive Officer of Fiat UK from 1990 to 2001. He is currently a Director of Orsu Metals Corporation and Canaccord Capital Inc. He currently lives in London, England, and is a Knight Commander of the Royal Order of Francis I of the Two Sicilies.
Viscount William Astor
Independent Director
Viscount Astor is a British businessman and politician who has sat as an elected hereditary peer in the House of Lords since 1972. After working for Citibank in New York, he joined the Westminster Press in 1973 and worked in Yorkshire for the Bardford Telegraph and Argus newspaper. He then started a number of venture capital companies and in 1984 founded Cliveden Hotels Ltd, which was subsequently floated on the LSE in 1997. He is currently a director at Networkers plc and SocialGo plc, both of which trade on the AIM in London. He also serves as a director for several private companies in the United Kingdom.
John Cowan
Independent Director
Mr. Cowan, a petroleum geologist, was been involved in the Canadian oil and gas industry for 38 years. In this period he has founded two Canadian junior exploration and production companies. Currently Mr. Cowan is a director of Dundee Energy Ltd, a TSX listed Canadian oil and gas company, and a founding shareholder of Xtivity Inc. a closely held Web Architected, Maintenance Inventory Optimization firm with a Fortune 100 client base.
Arthur Millholland
President and CEO
Mr. Millholland has been President and CEO of Canadian Overseas Petroleum since August 2009, and has been a professional geologist for 30 years. He has worked in a variety of regions including the UK North Sea, Canada, the Gulf of Mexico, the United States, South America, and West and North Africa. He is a member of the Association of Professional Engineers Geologists and Geophysicists, and the American Association of Petroleum Geologists.
Our Property Strategy
COPL is focused on the regions of West Africa and other emerging oil and gas regions in the world. West Africa is an attractive region because it has experienced signficant oil and gas discoveries in the past 5 years, yet still remains underexplored because of its vast size. The region has similar geological traits to the UK North Sea, yet holds the potential for significantly larger reserves. Our first property in West Africa is offshore Liberia in Block LB-13 in which we have a 17% equity interest. COPL’s management has many years of exploration success in the UK North Sea and seeks to lever its technical expertise in other oil and gas regions around the globe.
Company Details | |
---|---|
Company Name | Canadian Overseas Petroleum Limited |
Business Category | Oil & Gas |
Address | 3200, 715 – 5th Avenue SW Calgary Alberta Canada ZIP: T2P 2X6 |
President | Arthur Millholland |
Year Established | 2009 |
Employees | 50 |
Memberships | NA |
Hours of Operation | NA |
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