证券日报网讯2月4日，广汇能源（600256）在互动平台回答投资者提问时表示，目前公司在斋桑油田区 块主要聚焦于石油资源的勘探与生产，目前未发现铀矿资源。 ...

Core Viewpoint - The company, Qianeng Hengxin (300191.SZ), has stated on its interactive platform that it is currently not at risk of being delisted [1] Group 1 - The company confirmed that it has not encountered any situations that would trigger a delisting risk warning [1]

Core Viewpoint - The company, QianNeng HengXin, has successfully discovered the Weizhou 5-3 oil field in the southern part of the 22/04 block using WEFOX dual-focus imaging technology, with production set to commence in June 2025 [1] Group 1: Exploration and Discovery - The company has deployed the WZ5-3N-1 exploratory well to expand the oil field to the north and confirm the oil-bearing properties and reserve scale of the Weizhou 5-3N structure [1] - The drilling of the WZ5-3N-1 well has been completed, achieving significant breakthroughs in both the Changliu sandstone and the Carboniferous carbonate rock formations [1] Group 2: Findings and Implications - The well encountered sandstone oil layers in the Changliu formation, with recorded oil traces and oil stains, providing a basis for the overall evaluation and determination of reserves in the Changliu sandstone oil reservoir [1] - In the Carboniferous carbonate rock formation, drilling reached a depth of 1,305.60 meters, revealing fluorescence and oil stains, along with the return of over 10 cubic meters of viscous oil, indicating the development of fracture-cave reservoirs in the Carboniferous [1]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced a significant oil discovery at the Qinhuangdao 29-6 oilfield in the Bohai Sea, marking the seventh billion-ton oilfield discovered since 2019, which strengthens China's offshore oil and gas resource reserves and is crucial for national energy security [1]. Group 1: Discovery Details - The Qinhuangdao 29-6 oilfield is located in the central Bohai Sea and is a lithological oilfield discovered after the Qinhuangdao 27-3 oilfield [1]. - The oilfield has a single well production rate of approximately 370 tons of crude oil per day, indicating promising exploration prospects [1]. Group 2: Technological Advancements - CNOOC has enhanced its understanding of the oil and gas accumulation models and technological innovations in the recent shallow slope zone, leading to this major discovery [1]. - The company has challenged traditional views regarding the accumulation of oil and gas in slope zones, demonstrating the exploration potential of the uplifted slope areas [1].

Core Insights - The discovery of the Qinhuangdao 29-6 oil field marks the seventh billion-ton oil field found in the Bohai Sea since 2019, reinforcing China's offshore oil and gas resource reserves and its energy security [1][4]. Group 1: Discovery Details - The Qinhuangdao 29-6 oil field is located in the central Bohai Sea, approximately 44 kilometers west of Jingtang Port, and is the second billion-ton lithologic oil field discovered in the Shijiu Tuo uplift area [3][4]. - The discovery well encountered an oil layer of 66.7 meters and reached a total depth of 1,688 meters, with a single well production capacity of approximately 370 tons of crude oil per day, indicating promising exploration prospects [3][4]. Group 2: Exploration Insights - The Shijiu Tuo uplift has historically been a challenging area for oil exploration, with previous efforts yielding unsatisfactory results since the 1970s due to the lack of major fault seals that hindered oil accumulation [3][4]. - Recent advancements in understanding the oil migration pathways and the identification of "invisible" lithologic traps have led to successful exploration in the slope zone of the Shijiu Tuo uplift, challenging traditional beliefs about oil accumulation in this area [4]. Group 3: Implications for Energy Security - The successful discovery of the Qinhuangdao 29-6 oil field emphasizes the importance of refined exploration techniques and contributes to the resource foundation necessary for stabilizing energy supply, particularly in supporting the coordinated development of the Beijing-Tianjin-Hebei region [4].

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced the discovery of the Qinhuangdao 29-6 oil field in the Bohai Sea, with significant geological reserves and production potential [1] Group 1: Oil Field Discovery - The Qinhuangdao 29-6 oil field is located in the central Bohai Sea, with the main oil-bearing layer being the lower section of the Minghuazhen Formation from the Neogene period [1] - The discovery well encountered an oil layer of 66.7 meters and reached a total depth of 1,688 meters, with a tested daily production of 2,560 barrels of crude oil [1] - CNOOC has confirmed that the proven geological reserves of the Qinhuangdao 29-6 oil field exceed 100 million tons of oil equivalent through ongoing exploration [1] Group 2: Exploration and Innovation - CNOOC's Chief Geologist Xu Changgui stated that the company has enhanced the oil and gas accumulation model and technological innovation in the Neogene shallow slope zone, leading to this significant discovery [1] - The discovery challenges traditional views on the accumulation of oil and gas in slope zones, highlighting the exploration potential in uplifted areas under the influence of active strike-slip faults [1] - The Qinhuangdao 29-6 oil field is the second billion-ton lithologic oil field discovered in the Shijiaotuo uplift exploration area, underscoring the value of detailed exploration efforts [1]

Core Viewpoint - TotalEnergies announced the sale of a 40% stake in two offshore exploration licenses in Nigeria to Chevron, marking a significant development in their ongoing discussions regarding global exploration opportunities [1] Group 1: Transaction Details - The transaction involves the PPL 2000 and PPL 2001 exploration licenses located in Nigeria's high-yield Niger Delta basin [1] - After the transaction, TotalEnergies will continue to operate the projects and retain a 40% stake, while Chevron and South Atlantic Petroleum will hold 40% and 20%, respectively [1] Group 2: Strategic Implications - This joint venture represents a deepening of collaboration between TotalEnergies and Chevron in global offshore exploration [1] - In June, TotalEnergies acquired a 25% working interest in 40 offshore operational blocks from Chevron in the U.S., indicating a trend of expanding cooperation [1] Group 3: Regional Significance - Nigeria, as Africa's largest oil producer, is a key contributor to TotalEnergies' global oil and gas output, with projected production of 209,000 barrels of oil equivalent per day in 2024 [1] - The joint venture aims to reduce local oil and gas development risks and uncover growth opportunities, aligning with Nigeria's national development goals [1]

Core Viewpoint - The company has successfully discovered the Weizhou 5-3 oil field in the southern part of the potential mountain structure zone using WEFOX dual-focus imaging technology, with production expected to commence in June 2025 [1] Group 1: Oil Field Discovery - The company utilized WEFOX dual-focus imaging technology to obtain high-definition data for exploration [1] - The Weizhou 5-3 oil field is set to commence production in June 2025 [1] Group 2: Expansion Plans - To expand the oil field to the north, the company has deployed the WZ5-3N-1 exploratory well following the principle of "overall planning, step-by-step evaluation, and rolling development" [1] - The company has completed various preparatory works for the WZ5-3N-1 well, including site verification, geological design, engineering design, marine condition surveys, and obtaining drilling permits [1] Group 3: Financial Implications - If the WZ5-3N-1 well drilling is successful and shows good oil and gas indications, all expenditures related to preparatory work, drilling, and supporting services will be temporarily capitalized [1] - In the event of a drilling failure, the portion of expenditures borne by Wisdom Petroleum will be accounted for in the company's current profit and loss [1]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported net income of $1.1 million or $0.01 per share and adjusted EBITDA of $23.7 million, with NRI sales at 12,831 BOE per day, which was at the high end of guidance [17][18][24] - For the first nine months of 2025, the company achieved net income of $17.2 million or $0.16 per share and adjusted EBITDA of $130.5 million, despite Côte d'Ivoire being offline [5][25] - The company raised the midpoint of its full-year production and sales guidance by about 5% while reducing capital guidance by almost 20% [4][24] Business Line Data and Key Metrics Changes - NRI production was reported at 15,405 BOE per day, with working interest production at 19,887 BOE, both meeting or exceeding guidance [4][16] - Production expenses on a per BOE basis decreased by about $1, while absolute production expenses were $29.87 million, a 26% reduction quarter over quarter [19][20] - The company successfully completed a planned full-field maintenance shutdown in Gabon, contributing to strong production uptime [8][10] Market Data and Key Metrics Changes - The company experienced a 33% decrease in sales due to fewer liftings in Gabon, while pricing was lower by about 7% quarter on quarter [18] - The company has hedged approximately 500,000 barrels of remaining 2025 oil production with an average floor of about $61 per barrel [19] Company Strategy and Development Direction - The company aims to maintain operational excellence and consistent production across its portfolio to support organic growth initiatives [5][24] - The company is focused on executing projects in its enhanced portfolio, with multiple major projects anticipated to grow production and reserves significantly [15][24] - The company is exploring more efficient development opportunities through subsea development in Equatorial Guinea [12][56] Management's Comments on Operating Environment and Future Outlook - Management indicated that 2025 is a transitional year, with significant production uplift expected from major projects starting in 2026 and 2027 [5][6] - The company remains confident in its ability to execute on upcoming projects, supported by a proven track record of success [25][26] - Management expressed optimism about the operational performance in Egypt, which has contributed positively to production and cost efficiency [11][25] Other Important Information - The company reported unrestricted cash of $24 million at the end of Q3 2025, with collections from the Egyptian General Petroleum Corporation totaling over $103.6 million since January 2025 [20][21] - The company returned $6.7 million through dividends to shareholders, maintaining a dividend yield of around 7% [23][25] Q&A Session Summary Question: CapEx prediction for 2025 and its implications for 2026 - Management indicated that about $60 million was removed from CapEx guidance, with $20 million being discretionary CapEx and a $10 million increase in CDI CapEx [29][30] Question: Efficiency gains in Egypt and their sustainability - Management confirmed that efficiency gains in Egypt are expected to be retained, leading to lower costs for drilling in 2026 [34] Question: Gabon production performance despite no drilling for two years - Management attributed the strong production performance to significant reductions in back pressure and improved well performance [41][42] Question: Timetable for Côte d'Ivoire drilling program - Management confirmed that the FPSO is expected to be back on production by late April or early May 2026, ahead of the drilling program [50][61] Question: H2S wells and their production volumes - Management noted that three wells were shut in back in 2014, with production levels around 6,000 to 8,000 BOE per day, and expressed optimism about future redrills [65][66]

Company Performance & Strategy - Granite Ridge aims to be the leading public investment platform for energy development in the United States, targeting 25% full-cycle returns and mid-teens annual growth[7] - The company's Q3 2025 production reached 31,925 Boe/d, with 51% oil and 49% gas[3] - Granite Ridge has achieved a 47% CAGR growth since 2017 while maintaining leverage below 10x Net Debt/Adjusted EBITDAX[31] - The company declared a quarterly dividend of $011 per share[89] Market Trends & Opportunities - The U S rig count is down approximately 30% since its peak, indicating industry under-investment in new supply[8, 9] - US Frac Spread Count is down approximately 45% compared to pre-COVID levels, potentially impairing future production growth[10, 11] - US shale productivity has peaked, requiring more capital for less output due to depleted Tier 1 inventory[17] - Private equity fundraising in US natural resources has declined by approximately 70%, creating an opportunity for Granite Ridge[40, 41] Capital Allocation & Investment - Granite Ridge has invested over $18 billion in the past 10 years, navigating multiple downturns[35] - The company expects to close over 50 deals in 2025, expanding inventory by over 74 net locations[73] - Non-Op investments account for 35% of the company's 2025 estimated capital allocation, while Operated Partnerships represent 65%[81]