Canadian Overseas Petroleum
Canadian Overseas Petroleum Limited (COPL) is a Calgary-based, London-listed upstream oil and gas company producing from a Wyoming reservoir and holding interests in Nigeria, with revenue generated via direct commodity sales of crude oil and gas.
- Company typePublic
- Founded2004
- HeadquartersCalgary, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Canadian Overseas Petroleum does
Canadian Overseas Petroleum Limited (COPL) is an oil and gas exploration and production company headquartered in Calgary, Canada, and publicly traded on the London Stock Exchange under the ticker COPL.L. The company's operational footprint is concentrated in a Wyoming oil reservoir — described by management as a 'game changer' — which commenced production in January 2023 after weather-related delays, together with additional oil and gas interests in Nigeria and other countries. The underlying technology is conventional upstream exploration and production; no proprietary technology, patents, or AI capabilities are disclosed in the available data. The company operates with 11-50 employees and does not disclose pricing or detailed customer information, consistent with B2B commodity sales of crude and gas to energy-market counterparties.
The business model is direct commodity sales of oil and gas production into energy markets, with revenue generated from production volumes at the Wyoming reservoir and from international interests. GTM motion is minimal beyond investor relations and London Stock Exchange announcements, reflecting a small public E&P where capital-markets engagement and production operations are the primary activities. The customer base is described only as the oil and gas industry, with no named counterparties, implying reliance on a narrow set of offtake or refining buyers.
In 2023 COPL executed a series of capital-structure actions: a $14.8 million financing in March with bondholders, shareholders, and new investors (alongside $2.2M of debt settled via shares); up to USD15 million in bonds from an institutional investor in March to fund production growth and pursue reserves-based lending; a $2.57 million equity round in September; and in December, a US$2.5 million equity financing combined with a forbearance agreement with its senior lender, extended bond maturities, and the appointment of a Chief Restructuring Officer. Taken together, 2023 was a year in which Wyoming production came online while the balance sheet was placed under formal restructuring.
Canadian Overseas Petroleum firmographics
Firmographics- Name
- Canadian Overseas Petroleum
- Legal name
- Canadian Overseas Petroleum Limited
- Website
- https://canoverseas.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Canadian Overseas Petroleum Limited (COPL) is a Calgary-based, London-listed upstream oil and gas company producing from a Wyoming reservoir and holding interests in Nigeria, with revenue generated via direct commodity sales of crude oil and gas.
- Ownership category
- akta.pro rank
Where Canadian Overseas Petroleum is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Canadian Overseas Petroleum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Others
Revenue model
- Oil and Gas Production: Revenue generated from oil and gas exploration and production operations, primarily from Wyoming oil reservoir
Distribution channels1 record
Marketing channels2 records
Canadian Overseas Petroleum product offering
Product offeringCore offering
Canadian Overseas Petroleum Limited (COPL) is an upstream oil and gas company engaged in the exploration and production of hydrocarbons. Its primary production asset is a Wyoming oil reservoir that commenced production in January 2023, with additional oil and gas exploration and production interests located in Nigeria and other countries.
Product overview
Canadian Overseas Petroleum Limited (COPL) is an oil and gas exploration and production company operating primarily in Wyoming, US, with additional interests in Nigeria and other countries. The company's main operations center on its Wyoming oil reservoir, which represents a 'game changer' for the company and began production in early 2023. The company has been pursuing financing through bond issuances and equity financing to fund production growth and working capital needs.
Differentiator
Problem solved
Functional benefit
Products and services
- Wyoming Oil Reservoir Operations
- Nigeria Oil and Gas Interests
Companies that use Canadian Overseas Petroleum
Customer profileSegments1 record
Ideal customer profiles1 record
Canadian Overseas Petroleum technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Canadian Overseas Petroleum partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Canadian Overseas Petroleum competitors and assessment
Company assessmentRegional players
- Chord Energy (formerly Bonanza Creek / Crude): Chord Energy is a US independent E&P focused on the Williston Basin / Rocky Mountain region. Comparable to COPL as a North American upstream producer with overlapping operational geography (US Rockies) though larger scale and different basin mix.
Direct peers
- Ring Energy: Ring Energy is a US-focused upstream E&P operating in the Permian Basin and other Rocky Mountain/Mid-Continent regions, including Wyoming-adjacent plays. Comparable to COPL due to its Wyoming-area operations and small-cap, single-region production profile.
- VAALCO Energy: VAALCO Energy is a small-cap independent E&P with offshore West Africa (Gabon, Equatorial Guinea) production. Comparable to COPL as a small-cap independent with international production, including exposure to sub-Saharan African jurisdictions.
- Seplat Energy: Seplat Energy is a Nigeria-focused independent oil and gas producer listed in London and Lagos. Directly comparable to COPL because of its parallel exposure to Nigerian upstream assets alongside any diversified positions, and its LSE-listed independent E&P profile.
- Oando PLC: Oando is a Nigeria-based integrated energy company with upstream oil & gas production. Comparable to COPL because both companies operate upstream assets in Nigeria and target international investor audiences alongside local ones.
- Gran Tierra Energy: Gran Tierra Energy is an international-focused upstream E&P with primary operations in Latin America. Comparable to COPL because it is a small-cap, London/AIM-TSX-listed international E&P with operations concentrated outside North America and similar scale dynamics.
- Obsidian Energy: Obsidian Energy is a Canadian intermediate E&P with producing assets in Alberta. Comparable to COPL as a small-cap publicly-listed North American upstream producer with similar financial scale and a history of restructuring/strategic repositioning.
Emerging players
- Phoenix Energy One (private small-cap Wyoming E&P set): Small private Wyoming-focused upstream operators that share COPL's single-basin, single-asset concentration risk profile. Comparable as emerging US upstream players; specific names vary but the peer set illustrates the competitive landscape COPL operates within.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Canadian Overseas Petroleum social profiles
Digital presenceCanadian Overseas Petroleum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Canadian Overseas Petroleum leadership team
Management profileNumber of profiles
Profiles1 record
Canadian Overseas Petroleum funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Canadian Overseas Petroleum M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Canadian Overseas Petroleum
What does Canadian Overseas Petroleum do?
Canadian Overseas Petroleum Limited (COPL) is an upstream oil and gas company engaged in the exploration and production of hydrocarbons. Its primary production asset is a Wyoming oil reservoir that commenced production in January 2023, with additional oil and gas exploration and production interests located in Nigeria and other countries.
Is Canadian Overseas Petroleum a public or private company?
Canadian Overseas Petroleum is a public company. It is classified as public and is currently operating.
When was Canadian Overseas Petroleum founded?
Canadian Overseas Petroleum was founded in 2004. It employs 11 to 50 people.
Where is Canadian Overseas Petroleum based?
Canadian Overseas Petroleum is headquartered in Calgary, Canada, in the North America region.
How does Canadian Overseas Petroleum make money?
One revenue line is on record: oil and Gas Production.
Who are Canadian Overseas Petroleum's main competitors?
Chord Energy (formerly Bonanza Creek / Crude) is listed as a regional player. Direct peers are Ring Energy, VAALCO Energy, Seplat Energy, Oando PLC, Gran Tierra Energy and Obsidian Energy. Phoenix Energy One (private small-cap Wyoming E&P set) is listed as an emerging player.
Does Canadian Overseas Petroleum have an API?
No public API is recorded for Canadian Overseas Petroleum.