With its foundation firmly laid, NEP will execute a multi-pronged strategy to take advantage of the compelling opportunities that have arisen as a result of China’s oil demand and supply gap. Specifically, NEP will:

Accelerate well drilling on NEP’s current oilfields and utilize future cash flows generated to drill more wells.

Further implement mature technologies such as water flooding and CO2 injection to increase production.

Apply to secure additional oilfield leases to increase reserves and oilfield acreage.

Consider the acquisition of E&P related Businesses already in operation in Jilin Oilfield and elsewhere