XOP to complete acquisition of Atomic petroleum next week. Will become producers with plans to expand further. CSE:XOP LONDON:COPL
Canadian Overseas Petroleum Limited
Announces Completion of £14,000,000 Accelerated Bookbuild.
Arthur Millholland, President and CEO, commented: "We are on track too close the Atomic acquisition on March 15. Post-closing the Company will require sufficient working capital to operate
Atomic and its assets according to its forward development plan. These include, commencing on April 1st, a dramatic increase in injected gas volumes (methane and LPG) at the Atomic operated Barron
Flats Unit. The institutional investors in this placing recognize the quality of the assets we will acquire under the Atomic acquisition and their value to the Company in this time of strengthening global oil
prices.”
Funds secured for acquisition and now for post acquisition operations.
Price today is $0.01 cent. Let's grow our wealth together.
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