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Canadian Overseas Petroleum Ltd - oil and gas exploration, production and development company with production and development operations focused in the Converse and Natrona counties, Wyoming - Announces its COPL America affiliate signs non-binding letter of intent for a joint venture with ‘an established energy company’ to develop and exploit oil reserves at the Cole Creek join-venture in Converse and Natrona counties, Wyoming. President and Chief Executive Officer Arthur Millholland said: ‘We first identified the potential at Cole Creek before completion of our Atomic acquisition in March 2021. Our acquisition of the complimentary assets of Cuda in July 2022 gave our company full control of the Cole Creek project. This letter of intent is the first step completed in a process initiated in October of last year after the Cuda acquisition. Current market price: 1.97 pence, up 16% 12-month change: down 88% Copyright 2023 Alliance News Ltd. All Rights Reserved
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