Novus Delivers Industry Record Results and Technical Excellence

February 13, 2019 - 10:20
Novus Delivers Industry Record Results and Technical Excellence

HONG KONG, CHINA - Media OutReach- 13February 2019 - Yanchang PetroleumInternational Limited ("Yanchang Petroleum International" or the "Company";stock code: 00346), is pleased to announce that its wholly owned subsidiary,Novus Energy Inc. ("Novus"), which explores for,develops and produces crude oil and natural gas in Saskatchewanand Alberta in Canada, continues to deliver industry record results and achievetechnical excellence.

 

Novus was recognizedby Smith Bits, a Schlumberger company, for record drill times and footage indeveloping new Mannville zone play within its major operational areas, with1,245 meters drilled in total and the overall rate of penetrationachieving 37.2 meters per hour.

 

Mr. Bruno Deruyck, Chief Executive Officer and Executive Director ofYanchang Petroleum International said, "Novus team dedicate themselves toimproving drilling and completion efficiency. By doing so, we are making thebest of our foot print in the Saskatchewan and Alberta resource play andmaximize value for Yanchang International shareholders."

 

About Yanchang Petroleum International (stockcode: 00346)

YanchangPetroleum International is principally engaged in the following activities (i)exploration, exploitation and operation of oil and gas; and (ii) fuel oiltrading and distribution. In its upstream operations, Yanchang Petroleum Internationalpossesses operating oilfields in Saskatchewan and Alberta, Canada, through itswholly owned subsidiary Novus, a Canadian enterprise. Novus engages in thebusiness of acquiring, exploring for, developing and producing crude oil andnatural gas. In its downstream operations, Yanchang Petroleum International isprincipally engaged in wholesale, retail, storage and transportation of oilproducts through its 70% owned subsidiary, Henan Yanchang Petroleum Sales Co.,Limited, and which has been granted valid licenses for distribution and salesof oil products in China.

 

Fordetails, please refer to https://www.yanchanginternational.com

E-paper