RE:RE:RE:Bidding on 4 remaining Oil Blocks continues! I agree, what makes this even more frustrating is that even with ZERO progress on any front they feel a need to hire a VP of Business Development and hire a I/R firm on retainer with no cash coming in and near term potential for drilling dissapearing. Restaging was a smokescreen to delay, stating West Telus was in the area ( as reported by a third party) was a delay tactic . Remember New Zealand had oil seeping on the surface, wheres the follow through ? What about the promise of Nigerian oil leases , its bogged down by the epidemic as well. if this goes to zero what happens to our 17% % in block 13 ? Valid question as this thing has gone sub .10 with no end in sight.
Heres a cut and paste from what the I/R firm was going to provide, with such promise why have we not seen a current Presentation on the website or heard of any progress, they also received 500,000 shares option at .26 and 500,000 share options at .35 you would thinkt hey would busting their butts to cash in .
We can use Ebola as a reason for lack of actual progress but cannot use it an excuse for lack of information about the back up plan and progress with planning and updates on planning. on any of the fronts they have opened up.
you can wax nostalgic about Oilexco but this is now and it ain't oilexco
Calgary, Canada, September 15, 2014 - Canadian Overseas Petroleum Limited (TSXV: XOP) (LSE:COPL) ("COPL" or "the Company") today announced that it has engaged CHF Investor Relations, a highly regarded investor relations firm headquartered in Toronto, as its Canadian IR partner.
Mr. Arthur Milholland CEO and President of Canadian Overseas Petroleum, comments, "We are very excited to retain CHF. Their knowledge of the oil sector as well as the Canadian public markets will be a tremendous benefit to COPL. We look forward to building awareness within the brokerage industry of the vast potential off-shore West African oil assets have."