With its foundation firmly laid, CNEH 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, CNEH will:

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

Further implement mature technologies such as water logging and Co2 injection to increase production.

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

Consider the acquisition of existing oil extractor contractors already in operation in Jilin Oilfield and elsewhere.