Canadian Overseas Petroleum Shares Pop By 3%: COPL Announces Q2 Financial Results

Yesterday, Canadian Overseas Petroleum shares rose by 2.82% and closed the trading session at 0.3650 GBP. The company’s shares have been showing stable dynamics for a month. The share price at the beginning of August was 0.3806 GBP. On September 2, the shares were worth 0.3815 GBP. Canadian company Overseas Petroleum announces its results as of and for the three months ended June 30, 2021, and an update of operations as of August 31, 2021. Assets in Wyoming generated $ 3.9 million in oil revenue by June 30 since the nuclear energy acquisition closed on March 16.

Canadian Overseas Petroleum Shares Pop By 3%: COPL Announces Q2 Financial Results Revenue consists of oil sales of US $ 0.5 million and US $ 3.4 million for the first and second quarters of 2021, respectively, offset by the US $ 0.2 million of realized losses on commodity derivatives contracts incurred in the second quarter of 2021. Operating expenses related to the United States, production taxes, depletion, depreciation and amortization, as well as general and administrative expenses were US $ 0.4 million and the US $ 2.8 million incurred in the first and second quarters of 2021, respectively.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter