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Complete financial analysis of Canadian Overseas Petroleum Limited (VELXF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Canadian Overseas Petroleum Limited, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Canadian Overseas Petroleum Limited (VELXF)
About Canadian Overseas Petroleum Limited
Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. Its Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. The company is headquartered in Calgary, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.86M | 2.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 185.11K | 6.00K | 4.78K | 0.00 | 38.15K | 23.86K | 0.00 | 0.00 |
| Cost of Revenue | 8.57M | 5.58M | 70.00K | 37.00K | 20.00K | 22.00K | 40.00K | 59.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 6.29M | -3.18M | -70.00K | -37.00K | -20.00K | -22.00K | -40.00K | -59.00K | 0.00 | 0.00 | 0.00 | 185.11K | 6.00K | 4.78K | 0.00 | 38.15K | 23.86K | 0.00 | 0.00 |
| Gross Profit Ratio | 42.30% | -132.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 0.00% | 100.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 11.86M | 8.30M | 4.13M | 3.93M | 4.94M | 4.87M | 7.28M | 6.51M | 6.19M | 8.79M | 8.87M | 14.60M | 8.83M | 3.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 11.86M | 8.30M | 4.13M | 3.93M | 4.94M | 4.87M | 7.28M | 6.51M | 6.19M | 8.79M | 8.87M | 14.60M | 8.83M | 3.06M | 93.45K | 718.63K | 519.38K | 191.46K | 15.51K |
| Other Expenses | -13.63M | -1.88M | 0.00 | 0.00 | 744.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 21.39M | 13.01M | 4.56M | 3.93M | 5.43M | 4.90M | 8.60M | 6.51M | 6.24M | 8.78M | 17.42M | 16.25M | 8.84M | 3.06M | 93.45K | 6.74M | 572.32K | 191.46K | 15.51K |
| Cost & Expenses | 29.97M | 18.59M | 4.63M | 3.97M | 5.45M | 4.90M | 8.64M | 6.56M | 6.24M | 8.78M | 17.42M | 16.25M | 8.84M | 3.06M | 93.45K | 6.74M | 572.32K | 191.46K | 15.51K |
| Interest Income | 389.00K | 152.00K | 0.00 | 2.00K | 11.00K | 9.00K | 26.00K | 41.00K | 27.57K | 23.48K | 57.30K | 580.80K | 17.00K | 32.47K | 14.51K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 8.13M | 6.06M | 372.00K | 3.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.06K | 39.18K | 460.93K | 21.01K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 5.07M | 3.68M | 70.00K | 37.00K | 20.00K | 22.00K | 40.00K | 59.00K | 58.58K | 59.17K | 54.28K | 29.38K | 11.00K | 955.02 | 0.00 | 8.92K | 5.45K | 0.00 | 0.00 |
| EBITDA | 3.18M | 219.05K | -4.79M | -4.02M | -5.16M | -5.43M | -7.19M | -5.99M | -6.24M | -8.70M | -17.31M | -15.45M | -8.81M | -3.02M | -78.94K | -6.69M | -543.00K | -191.46K | -15.51K |
| EBITDA Ratio | -199.99% | -551.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -8,348.15% | -146,833.33% | -63,320.00% | 0.00% | -17,534.31% | -2,275.32% | 0.00% | 0.00% |
| Operating Income | -34.79M | -16.90M | -4.62M | -3.97M | -5.28M | -20.91M | -8.64M | -6.56M | -7.34M | -9.28M | -56.91M | -53.21M | -8.88M | -3.06M | -78.94K | -6.70M | -548.45K | -191.46K | -15.51K |
| Operating Income Ratio | -234.15% | -704.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,744.44% | -147,950.00% | -64,040.00% | 0.00% | -17,557.69% | -2,298.16% | 0.00% | 0.00% |
| Total Other Income/Expenses | -30.33M | 3.37M | -100.10K | 140.22K | 258.92K | -14.69M | 469.98K | -121.00K | 1.18M | 755.09K | -26.14K | 880.51K | -443.93K | 11.46K | 774.78K | -169.74K | -47.49K | 0.00 | 0.00 |
| Income Before Tax | -45.44M | -13.54M | -4.96M | -3.92M | -4.92M | -20.15M | -6.76M | -6.69M | -6.16M | -8.52M | -56.93M | -52.33M | -9.32M | -3.05M | 695.84K | -6.87M | -595.95K | 0.00 | 0.00 |
| Income Before Tax Ratio | -305.82% | -564.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,268.78% | -155,350.00% | -63,800.00% | 0.00% | -18,002.60% | -2,497.17% | 0.00% | 0.00% |
| Income Tax Expense | -5.50M | 6.06M | 226.00K | 2.00K | 164.00K | 15.18M | -1.96M | -608.00K | -84.42K | 0.00 | 11.06K | 39.18K | 460.93K | 21.01K | 0.00 | -129.57K | -108.54K | 157.29K | 13.32K |
| Net Income | -45.44M | -13.54M | -4.96M | -3.92M | -4.92M | -20.15M | -6.76M | -6.69M | -6.16M | -8.52M | -56.93M | -52.33M | -9.32M | -3.05M | 695.84K | -6.74M | -487.40K | -157.29K | -13.32K |
| Net Income Ratio | -305.82% | -564.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,268.78% | -155,350.00% | -63,800.00% | 0.00% | -17,662.97% | -2,042.34% | 0.00% | 0.00% |
| EPS | -0.15 | -0.09 | -0.12 | -0.13 | -0.27 | -1.95 | -1.19 | -1.52 | -1.69 | -2.82 | -20.05 | -20.34 | -31.82 | -18.57 | 6.57 | -91.01 | -12.39 | -10.39 | -8.68 |
| EPS Diluted | -0.15 | -0.09 | -0.12 | -0.13 | -0.27 | -1.95 | -1.19 | -1.52 | -1.69 | -2.82 | -20.05 | -20.34 | -31.82 | -18.57 | 6.57 | -91.01 | -12.39 | -10.39 | -8.68 |
| Weighted Avg Shares Out | 303.21M | 145.59M | 41.08M | 29.29M | 18.42M | 10.32M | 5.67M | 4.41M | 3.65M | 3.02M | 2.84M | 2.57M | 292.90K | 164.02K | 112.09K | 74.05K | 39.33K | 15.14K | 1.53K |
| Weighted Avg Shares Out (Dil) | 303.21M | 145.59M | 41.08M | 29.29M | 18.42M | 10.32M | 5.67M | 4.41M | 3.65M | 3.02M | 2.84M | 2.57M | 292.90K | 164.02K | 112.09K | 74.05K | 39.33K | 15.14K | 1.53K |
CSE Bulletin: Delist - Canadian Overseas Petroleum Limited (XOP)
Toronto, Ontario--(Newsfile Corp. - Le 17 mai/May 2024) - At the request of the company, the common shares of Canadian Overseas Petroleum Limited will be delisted from the CSE at market close today, May 17, 2024. Canadian Overseas Petroleum Limited...
Canadian Overseas Petroleum Limited - Order Granted Approving a Sales and Investment Solicitation Process as well as Order Amending and Restating the Initial Order
LONDON and CALGARY, AB , March 21, 2024 /PRNewswire/ - On March 8, 2024 Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE: XOP) & (LSE: COPL) and its subsidiaries (collectively, the "COPL Group ") sought and obtained an initial...
COPL bankruptcy process proceeds, agrees restructuring agreement with senior lenders
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) confirmed it has now been issued by the Alberta Court of King's Bench an initial order under the Companies' Creditors Arrangement Act (CCAA). Additionally, it noted that it has executed a restructuring support agreement...
COPL tells shareholders there's ‘little prospect for a return' as business enters administration
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) said it believes there is little prospect for a return to shareholders or bondholders as it announced it has applied for an initial order under the ‘Companies' Creditors Arrangement Act' in Canada. Effectively...
Canadian Overseas Petroleum shares rally as lender extends forbearance deadline
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) shares rallied around 40% in Thursday's early deals as the firm announced it has extended a forbearance agreement with its senior creditor. The company, in a statement, said that the lender has agreed...
Canadian Overseas Petroleum Ltd Extends Forbearance Agreement
COPL Extends Forbearance Agreement LONDON, UK / ACCESSWIRE / February 29, 2024 / Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE:XOP)(LSE:COPL), announces that it has agreed with its senior credit facility lender to extend the term of the previously...
COPL liquidity problem persists, warns shareholders as strategic options sought
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) warned investors that amidst its ongoing liquidity problems it is considering strategic options which include ‘some form of formal insolvency protection'. Such options “may or may not leave value in the company's common...
Canadian Overseas Petroleum Ltd Announces Business and Financial Performance Update
COPL Provides Business and Financial Performance Update CALGARY, AB / ACCESSWIRE / February 22, 2024 / 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...
COPL notifies market of latest share issue to bondholders
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) has notified investors of its latest conversion of debt-to-equity, with some 1.01 billion new shares issued to satisfy around $1 million in conversion payment to a bondholder. Earlier this month, COPL announced the...
COPL Action Group: Shareholders in Canadian Overseas Petroleum Limited Require Answers as Company Loses 98% of Value
London, United Kingdom and Calgary, Alberta--(Newsfile Corp. - January 25, 2024) - COPL Action Group ("CAG") and Canadian Overseas Petroleum Limited (CSE: XOP) (LSE: COPL) (the "Company"). CAG members currently own 8.1% of the issued share capital of the Company.
Source: https://incomestatements.info
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