Appointment of Nigel Little as Non-Executive Director

LONDON, UK and CALGARY, AB / ACCESSWIRE / December 6, 2021 / Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE:XOP) & (LSE:COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse County, Wyoming, USA, is pleased to announce the appointment of Mr. Nigel Little as Independent Non-Executive Director. He replaces Viscount William Astor who will step down from the board with immediate effect after six years.

The board would like to thank Viscount Astor for his significant contribution to the development of the Company.

Nigel Little has a distinguished career as an investment banker spanning more than forty years. Until 2009 Nigel was Vice-Chairman of Canaccord Capital (Europe) Limited as well as Executive President of the investment bank's UK and European operations - a position that he held for seven years. As a leading investment banker and specialist in the natural resources and energy sectors, Nigel has significant experience in the oil and gas equities markets, having been involved with capital raises for a large number of UK and international oil and gas companies.

Nigel's long financial service career includes senior roles at HSBC James Capel where he was Head of Equity Sales and a Senior Executive, Morgan Stanley as Head of Pan-European Equity Distribution and Nations Bank Panmure where he was Head of Sales and Trading. He was also Head of Downstream Investment Banking at Nomura, an Advisory Board member of Kleinwort Benson Bankers and a member of its Private Equity team, and a Senior Advisor to Smith & Williamson Corporate Finance.

Arthur Millholland, President & CEO, commented: "I would like to thank Viscount William Astor for his dedication and efforts during the last six years that made a tangible difference to COPL. His contribution during the last year in particular has been invaluable, when he was willing to stay with the Company beyond his planned five-year tenure, as we have successfully bedded-in the transformative Atomic acquisition.

"We are delighted to have someone of Nigel's calibre joining our board as he brings a wealth of oil and gas and public-company markets experience to the fore. As announced last week, COPL is now operating in a position of great strength with an increasing oil production rate at our Wyoming assets and we look to the future with confidence."