Financial Data and Key Metrics Changes - In Q1 2025, total production averaged nearly 18 MBOE per day, representing a 17% increase on a BOE basis and a 30% increase on an oil basis compared to the previous year [5][6] - Revenue increased by approximately 40% year-over-year, reaching around $43 million, while adjusted EBITDA rose to $25.5 million from roughly $15 million in the prior year [6][10] - Net income for the quarter was $13 million or $0.35 per basic share, compared to $11 million or $0.30 per basic share in the same period last year [10] Business Line Data and Key Metrics Changes - The company successfully drilled its first operated well in the Cherokee drilling program, with initial production expected later this month [12][18] - Adjusted G&A for the quarter was approximately $2.9 million or $1.83 per BOE, showing a slight increase from $2.8 million or $2.03 per BOE in Q1 2024 [10][33] Market Data and Key Metrics Changes - Natural gas prices improved significantly, with Henry Hub prices rising to $4.3 per Mcf, nearly doubling from February 2024 [16] - Commodity price realizations for the quarter were $69.88 per barrel of oil and $2.69 per Mcf of gas, compared to $71.44 per barrel of oil and $1.47 per Mcf of gas in Q4 2024 [8][9] Company Strategy and Development Direction - The company plans to spend between $66 million and $85 million in its 2025 capital program, focusing on drilling and completions in the Cherokee Play [21] - The strategy includes maximizing the value of incumbent assets, maintaining optionality for M&A opportunities, and prioritizing a return of capital program [29][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the production growth from the Cherokee assets, anticipating exit rates around 19 MBOE per day by year-end [14] - The company remains flexible in its capital program to respond to commodity price challenges, with the ability to defer projects if necessary [15][22] Other Important Information - The company has no term debt or revolving debt obligations and maintains a substantial cash position of over $100 million, equating to more than $2.75 per share [7][10] - The Board of Directors declared a cash dividend of $0.11 per share payable on June 2, 2025 [7] Q&A Session Summary Question: What are the expectations for production growth in the Cherokee Play? - Management indicated that production from the Cherokee development is expected to increase significantly, with initial production results anticipated soon [12][14] Question: How is the company managing its capital expenditures in light of commodity price fluctuations? - The company plans to monitor commodity prices closely and may adjust its capital program accordingly, including deferring certain projects if necessary [15][22] Question: What is the outlook for natural gas prices and their impact on operations? - Management noted that natural gas prices have been robust, and the outlook remains strong, providing optionality across the asset base [16][17]

Core Viewpoint - The China Securities Hong Kong 300 Upstream Index (H300 Upstream) has shown a recent increase of 12.00% over the past month, despite a decline of 2.47% over the last three months and a year-to-date decrease of 2.19% [2]. Group 1: Index Performance - The H300 Upstream Index reported a value of 2304.31 points [1]. - The index is based on the China Securities Hong Kong 300 Index, which selects securities according to industry classification to reflect the overall performance of various thematic securities listed on the Hong Kong Stock Exchange [2]. Group 2: Index Holdings - The top ten weighted stocks in the H300 Upstream Index are: - China National Offshore Oil Corporation (29.2%) - PetroChina Company Limited (12.49%) - Zijin Mining Group (10.46%) - China Shenhua Energy Company (9.9%) - China Petroleum & Chemical Corporation (9.54%) - China Hongqiao Group (3.74%) - China Coal Energy Company (3.28%) - Zhaojin Mining Industry Company (3.26%) - Yanzhou Coal Mining Company (2.64%) - Luoyang Molybdenum Co., Ltd. (2.41%) [2]. Group 3: Sector Composition - The H300 Upstream Index is fully composed of stocks listed on the Hong Kong Stock Exchange [3]. - The sector composition of the index includes: - Oil and Gas: 51.64% - Coal: 17.92% - Precious Metals: 15.77% - Industrial Metals: 10.00% - Rare Metals: 3.17% - Oil and Gas Extraction and Oilfield Services: 1.07% - Other Non-ferrous Metals and Alloys: 0.43% [3]. Group 4: Index Adjustment - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year. Temporary adjustments may occur under special circumstances [3].

Core Viewpoint - The China Oil and Gas Industry Index has shown mixed performance, with a recent decline despite a monthly increase, reflecting the overall volatility in the oil and gas sector [2]. Group 1: Index Performance - The China Oil and Gas Industry Index decreased by 0.45% to 1729.45 points, with a trading volume of 12.33 billion yuan [1]. - Over the past month, the index has risen by 6.44%, but it has declined by 3.48% over the last three months and 6.14% year-to-date [2]. Group 2: Index Composition - The index includes companies involved in oil and gas exploration, equipment manufacturing, transportation, sales, refining, and primary petrochemical production [2]. - The top ten weighted companies in the index are: China National Petroleum (10.36%), China National Offshore Oil (9.87%), Sinopec (9.52%), Guanghui Energy (5.05%), China Merchants Energy (3.8%), Jereh Group (3.71%), Hengli Petrochemical (3.25%), Satellite Chemical (3.13%), Dongfang Shenghong (2.8%), and COSCO Shipping Energy (2.8%) [2]. Group 3: Market and Sector Breakdown - The Shanghai Stock Exchange accounts for 70.98% of the index's holdings, while the Shenzhen Stock Exchange accounts for 29.02% [2]. - The sector breakdown of the index holdings is as follows: Energy (61.45%), Materials (20.71%), Industrials (15.00%), Financials (1.78%), and Utilities (1.06%) [2]. Group 4: Index Adjustment and Management - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - In special circumstances, the index may undergo temporary adjustments, such as removing samples that are delisted or handling mergers and acquisitions according to maintenance guidelines [3].

Core Viewpoint - The article emphasizes the importance of reducing ozone pollution during the summer months by encouraging night-time refueling and promoting green travel methods to protect public health and improve air quality [1][2][3]. Group 1: Night-time Refueling Initiatives - Various cities in Henan province advocate for drivers to refuel at night (from 20:00 to 6:00) between May 1 and September 30, as lower temperatures reduce volatile organic compound (VOCs) emissions, thus decreasing ozone pollution [1][2][7][10][21]. - Gas stations are encouraged to implement night-time refueling discounts to attract customers and effectively manage daytime refueling traffic [5][10][21][23]. - The initiative aims to not only reduce environmental pollution but also provide economic benefits to consumers through discounts and promotions [1][5][10]. Group 2: Oil Unloading Adjustments - Gas stations are urged to adjust their oil unloading schedules to night-time hours (20:00 to 6:00) to minimize VOC emissions during high-temperature periods [3][8][12][19]. - Strict operational protocols are recommended to ensure the integrity of the unloading process, preventing gas leaks and further emissions [3][12][19]. Group 3: Promotion of Green Travel - Citizens are encouraged to adopt low-carbon travel methods, such as walking, cycling, or using public transport, particularly for short distances (1 km walking, 3 km cycling, 5 km public transport) [4][11][18]. - Recommendations include parking vehicles in shaded areas to reduce fuel evaporation and minimizing idling time to lower emissions [11][19][20].

巴西国家石油公司油气部门负责人：对将在哥伦比亚钻探的新油井寄予厚望。 ...

资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 本文源自：金融界 从指数持仓来看，中证香港300资源指数十大权重分别为：中国海洋石油（30.06%）、中国石油股份 （12.61%）、紫金矿业（10.24%）、中国神华（9.93%）、中国石油化工股份（9.73%）、中国宏桥 （3.85%）、中煤能源（3.31%）、招金矿业（3.21%）、兖矿能源（2.66%）、洛阳钼业（2.42%）。 从中证香港300资源指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300资源指数持仓样本的行业来看，石油与天然气占比52.82%、煤炭占比18.05%、贵金属占 比15.42%、工业金属占比10.09%、稀有金属占比3.18%、其他有色金属及合金占比0.44%。 金融界5月6日消息，上证指数高开高走，中 ...

克拉玛依是工业城市，很注重生产效率，很多年前中石油就在当地建设数字油田。数字油田要使用信息 工具，开展远程办公、数字油井等建设，以减少人力，提高效率。当地很早接触信息产业，明白信息产 业的重要性，油田数字化建设也给当地培养了人才，出现了一批服务油田的本土信息化企业。 小马聚力是本地成长起来的软件企业，主要依托金蝶软件拓展市场。公司业务链条较长，本地企业有更 强的本土服务能力，公司也有软件开发能力，可以进行一些个性化需求开发。小马聚力的业务范围不局 限于克拉玛依，有相当一部分工作人员在克拉玛依之外。 有些软件公司还向外拓展业务，比如新疆七色花信息科技公司，创始人一开始做O2O，后来又瞄准农牧 服务业，和行业主管部门合作，上线"新疆畜牧兽医大数据平台"，在全疆各地州市实现应用，对新疆农 牧业发展转型起到了积极推动作用，便利了管理部门和农牧户。公司还上线了AI诊断家畜疾病的APP， 除了新疆，该公司还开拓了外地市场，包括云南等地。 当地政府2010年就决定发展信息化产业，智慧城市建设也先人一步，早已建成全国知名的影视渲染基 地，如今大力发展算力，属于一脉相承。虽然全国想要发展算力的城市很多，但拥有先发优势的工业城 ...

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has applied for a patent for a method and system for optimizing oil and gas exploration rights based on mineral rights big data, which aims to enhance resource discovery and utilization while protecting quality mineral rights [1] Group 2 - CNPC was established in 1999 and is primarily engaged in gas production and supply, with a registered capital of 18,302,097,000 RMB [2] - The company has invested in 1,279 enterprises and participated in 508 bidding projects, holding 33 trademark records and 5,000 patent records, along with 168 administrative licenses [2]

扬子晚报网5月4日讯（记者 范晓林）北京时间5月3日晚间，"股神"巴菲特旗下伯克希尔·哈撒韦发布了2025财年第一财季报告，其中显示，今年一季度实 现净利润46.03亿美元，同比大幅下降64%；投资净亏损达50.38亿美元（约合人民币366.33亿元），上年同期盈利14.8亿美元。 图为南京一位投资者在线收看巴菲特股大会。扬子晚报/紫牛新闻记者 范晓林 摄 截至第一季度末，伯克希尔的现金头寸升至3477亿美元（约合人民币25283亿元），再创历史新高。其权益投资的总公允价值69%集中在美国运通、苹 果、美国银行、雪佛龙和可口可乐。伯克希尔在声明中指出，目前仍存在相当大的不确定性，其中包括国际贸易政策和关税方面的风险。 财报发布后，伯克希尔年度股东大会在奥马哈举行，巴菲特在大会上接受长达4个半小时的股东提问。此次大会正值巴菲特执掌伯克希尔60周年。扬子晚 报/紫牛新闻记者整理了本届大会上巴菲特及管理层的十大金句。 不会对股价特别有情绪化的反应 面对市场波动，巴菲特表示，即使伯克希尔股价暴跌，也会视作"非常好的机会"。关键时刻要靠理性判断，而不是被情绪牵引。 不会把所有东西都围绕AI来进行投资 尽管AI炙手可热， ...

鲍威尔又要和特朗普掐架？黄金或有更多回调空间！欧佩克+投下重磅炸弹，油价恐跌至50美元？"巴菲特指标"发出美股买入信号..... 过去一周，人们对贸易紧张局势的担忧进一步缓解，此外，尽管一系列经济数据喜忧参半，但最受关注的非农报告意外强劲也令经济增长放缓担忧有所降 温。 美股惊人地在短短两周内收复4月初特朗普"解放日"宣布对等关税以来的所有跌幅。标普500指数连续九天上涨，创2004年以来最长连涨纪录；道指亦录得日 线九连阳，为2023年12月以来最长连涨纪录。随着交易员削减对美联储的降息预期，美债收益率大幅拉升，收益率曲线熊市趋平。美元指数在非农数据公布 后上演深V反转，最终收于100大关上方。 大宗商品方面，黄金在市场风险偏好上升和美元、美债收益率走高的情况下承压，周五勉强收涨，但已连跌两周，本周跌幅为去年11月15日美国大选以来最 大。油价周五跌超1%，本周下跌8%，创3月以来最大单周跌幅。欧佩克+此前宣布将会议提前至5月3日以讨论6月产量计划，截至发稿，该联盟已同意6月增 产41.1万桶/日。 未来一周市场的注意力将转向央行利率决策，包括美联储和英国央行。经济数据方面，全球多国的服务业PMI将出炉。美 ...