China Huarong Energy Company Limited says that the fracturing operations of oil wells in the Kyrgyzstan Project have achieved satisfactory results.

As of July 21, an aggregate daily production volume of the Kyrgyzstan Project has reached approximately 1,464 barrels. New oil layers were discovered in the newly developed Chigirchik oilfield zone with considerable production test results achieved from an appraisal well in the zone.

The significant increase of oil production volume of the Kyrgyzstan Project demonstrated its reserve abundance and relatively high accessibility of oils, which enables us to achieve greater return with reasonable development cost, and create greater value for our shareholders.

Tags: China Huarong Energy Company Limited