Potential Hengxin announced that Smart Petroleum, the company's wholly-owned overseas company, previously signed an oil contract with CNOOC in the 22/05 contract area and enjoyed 100% exploration rights within 6 years of the exploration period. Progress of this announcement: Drilling of the WZ10-11E-1 well has been completed. The depth of drilling is 2,150 meters. After comprehensive evaluation, it was discovered that there was no effective oil and gas layer. At the same time, in order to determine the scale of oil and gas content, it is planned to deploy the WZ10-11W-1 exploration well in the southwest direction. The well has completed pre-drilling preparations. It is expected that it will be officially put into operation on August 13, 2026, and the total cost is expected to not exceed 98.6 million yuan.

Potential Hengxin announced that Smart Petroleum, the company's wholly-owned overseas company, previously signed an oil contract with CNOOC in the 22/05 contract area and enjoyed 100% exploration rights within 6 years of the exploration period. Progress of this announcement: Drilling of the WZ10-11E-1 well has been completed. The depth of drilling is 2,150 meters. After comprehensive evaluation, it was discovered that there was no effective oil and gas layer. At the same time, in order to determine the scale of oil and gas content, it is planned to deploy the WZ10-11W-1 exploration well in the southwest direction. The well has completed pre-drilling preparations. It is expected that it will be officially put into operation on August 13, 2026, and the total cost is expected to not exceed 98.6 million yuan.