Josef Schachter Canadian Overseas Petroleum Limited XOP-CN COMMENT May 10, 2011

Raised $130 million last year. Will be drilling 5 or 6 combination exploration/appraisal wells in UK North Sea before year end. Also looking at deals offshore west Africa and Brazil. Good team. High risk situation but there is downside support.

Josef Schachter

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$0.570

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oil gas

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Had a good run. He is going after some of the assets that were in Oil Exco. In the process of raising money. Until we see the format of the financing, wait before being a buyer. Will play out I the next few months.

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Josef Schachter Canadian Overseas Petroleum Limited XOP-CN COMMENT May 10, 2011

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Canadian Overseas Petroleum Limited(XOP-CN)

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