The group is principally engaged in natural gas and oil exploration and extraction with the core business ¡°Sanjiao CBM Project¡±
As a clean and environmental friendly energy, CBM is an important strategic supplement to the conventional natural gas
The Group introduced international leading CBM development technologies and suc-cessfully drilled the first newly formulated multilateral well
The Group will continue to develop the exploration and exploitation of oil and gas as our main business and optimise its resource allocation for achieving higher returns. On this basis, the Group will seek opportunities to acquire high-quality CBM business in China to expand our CBM business become a leading unconventional gas producer in China. Meanwhile, the Group is also seeking merge and acquisition opportunities of high-quality oil and gas resources globally and committed to become a professional international oil & gas developer and producer. Furthermore, leveraging on its upstream business, the Group will duly diversify our business to downstream.
