Mesurado-1 Well, offshore Liberia Commences Drilling Operations

Mesurado-1 Well, offshore Liberia Commences Drilling Operations

Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on offshore West Africa, announces ExxonMobil Exploration and Production Liberia Limited, an affiliate of ExxonMobil, commenced drilling operations on the Mesurado-1 exploration well on November 22, 2016 utilizing the Drillship Seadrill West Saturn. The Mesurado-1 well is located about 50 miles offshore Liberia on Block LB-13 in approximately 2500 meters of water.

The well, targeting oil in Late Cretacous sands is the first well operated by ExxonMobil offshore Liberia.

The Company’s 100% owned subsidiary, Canadian Overseas Petroleum (Bermuda) Limited, holds a 17 percent interest in Block LB-13.

Source / More on: Canadian Overseas Petroleum Limited

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