Share Talk Ltd

With Canadian Overseas Petroleum Acquisition of Atomic Oil & Gas LLC, we took the opportunity to speak with Arthur Millholland, President & CEO of COPL to listen to his overview on the new update. Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: CSE) & (COPL: LSE), announces that it has agreed to acquire Atomic Oil & Gas LLC (“Atomic”) for a consideration of US$54 million consisting of assumed debt, cash and shares. This strategic acquisition would represent a step-change in the capacity and revenue-generating opportunities open to the Company. COPL expects to complete the acquisition by January 31, 2021, with a long stop date in the agreement of 90 days from execution. The effective date of the transaction is December 1, 2020. Arthur Millholland, President and CEO, commented: “This is a game-changing acquisition which will materially reposition COPL as a production company with assets that have a long-term lifecycle and rapid production opportunity. Oil production a