Canadian Overseas Petroleum Limited and its affiliates announces changes to its Board of Directors. The Company announced Mr. Atul Gupta has been appointed as a Non-Executive Director effective 2ndNovember, 2023. Mr. Gupta will assume the role of chairman of the Nomination committee and the Reserves committee and will sit on the Audit committee.

He will serve until his re-election at the Company's Annual and Special Meeting in 2024. Mr. Gupta is a petroleum engineer with over 40 years of experience in the oil and gas sector. Mr. Gupta has been Executive Chairman for Nostrum Oil & Gas Plc, Chairman for Seven Energy International Ltd., Managing Director at Hindustan Oil Exploration Co.

Ltd., Principal at Petrofina SA, Principal at Charterhouse Petroleum Plc, Chief Executive Officer of Burren Energy Plc and Principal at Monument LLC. Mr. Gupta has a degree in Chemical Engineering from the University of Cambridge and a degree in Petroleum Engineering from Heriot-Watt University. COPL also announces that Mr. Robert Chenery has stepped down from his role as director after 19 months on the Board.