Canadian Overseas Petroleum Files First Quarter Results

CALGARY, May 20, 2011 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: TSX-V) announces its first quarter results for the three months ended March 31, 2011. The Interim Financial Statements and Management's Discussion and Analysis for the first quarter can be viewed at on the company's website at www.canoverseas.com or on SEDAR at www.sedar.com under the COPL listing.

About the Company
COPL is an oil and gas exploration company focused in the UK North Sea, and the offshore West African and Brazilian Continental margins.  COPL's Common Shares are listed under the symbol "XOP" on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Canadian Overseas Petroleum Limited

For further information:

Mr. Arthur Millholland, President and CEO

Phone: 403.262.5441

Or,

Rob Elgie, Manager of Investor Relations

Phone: 403.262.5441

Profil de l'entreprise

Canadian Overseas Petroleum Limited

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