Aug 21 (Reuters) - Canadian Overseas Petroleum Ltd XOP.CD :
* A PLACING BY SHARD CAPITAL PARTNERS LLP TO RAISE GROSS PROCEEDS OF £500,000
* WILL ISSUE 500 MILLION NEW COMMON SHARES AT PRICE OF 0.1 PENCE PER PLACING SHARE
* EXPECTS TO BRING 3 TO 4 APPRAISAL WELLS AT OPL 226 ONTO PRODUCTION AT FORECAST RATE OF 6-10,000 BPD/WELL BY 2020-END