Liberia: Canadian Overseas Petroleum seeks AIM listing


Following a farm-in from ExxonMobil on its Block LB-13, Canadian Overseas Petroleum Limited (COPL) plans to list its shares on London’s Alternative Investment Market in 2014. Chief executive Andrew Milholland told an investor forum in London organised by Proactive Investors that the company had seen its shares triple in value on the Toronto Venture Exchange in the last 12 months. Parliament ratified an amended production-sharing contract for the block in April 2013, giving ExxonMobil an 80% operating stake and COPL the remaining 20%. A well is planned for Q1 2014.