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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - Says its subsidiary COPL America Inc receives approval for its purchase of the Wyoming assets of Cuda Energy LLC from the United States Bankruptcy Court for the District of Wyoming. Canadian Overseas expects the acquisition to close between June 18 and July 18.
‘We have achieved the second step in the court approval process for the acquisition of the Cuda assets. The next step is the end of 14 day appeal period, the requisite assignments and novation's for the interests acquired, and the settlement of the cash component of the purchase price,’ explains Canadian Overseas Chief Executive Officer Arthur Millholland
Current stock price: 21.88 pence, down 0.6% on Monday
12-month change: down 46%
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