Canadian Overseas Petroleum Limited's (LON:COPL) (CSE:XOP) Arthur Millholland discusses with Proactive London's Andrew Scott some of the detail of its £2mln equity-based funding facility with Yorkville and Riverfort.
He says the funding is significant for them as it can give confidence to other investors that it will be able to execute its business plan.
He's expecting talks with strategic investors and international service providers to resume once restrictions related to coronavirus (COVID-19) are eased.