John Cowan has been appointed as the new CEO at Canadian Overseas Petroleum while Tom Richardson takes on the role of Chairman.

Arthur Millholland has agreed to move from Executive Officer and a director of the Company with immediate effect, to President of the Company’s affiliate, COPL America Inc. Mr. Millholland’s technical expertise was instrumental in understanding the long-term value of the Barron Flats Unit miscible flood and acquiring it for such a relatively low cost. Through further geological study, he and his team have revealed a vast area of bypassed oil pay in the Cole Creek area, adjacent to the BFU. The prospective horizons are currently under Joint Venture negotiation with a respected industry leader. The BFU and the potential joint venture requires the singular focus of Mr. Millholland and the technical team. As President of COPLA, he will be well positioned to continue to add value and success to COPL, where his strengths in upstream hydrocarbon exploration and development will ocus on completing the Joint Venture discussions. 

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