COPL completed the acquisition of Cuda Energy for $21m.

COPL, an oil and gas exploration company, completed the acquisition of Cuda Energy, a company engaged in the business of exploring for, developing and producing oil and natural gas, for $21m. "I am delighted we have finally completed this acquisition. The market continues to misunderstand the full potential of our Wyoming assets. In my near forty years within the oil industry I have seldom come across assets with such prolific oil and gas potential. We now have full ownership which we have secured when the assets are at an early stage in development with everything to play for. With the financing arrangements we also now have in place we look to the future with confidence," Arthur Millholland, COPL President & CEO.