Potential Hengxin announced that Smart Petroleum Investment Co., Ltd., a wholly-owned overseas subsidiary of the company, has made significant progress in exploration work in the Bohai Sea 09/17 block. The QK18-9-7 well officially went out to sea for drilling operations on January 7, 2026. The design depth is 4,680 meters. The estimated operation time is about two months. The block has previously discovered Ordovician carbonate reservoirs and obtained high-yield industrial oil flows at several well sites. Drilling at the QK18-9-7 well will further implement the overall oil and gas content scale of the Ordovician system and speed up scale exploration. Smart Petroleum will bear all exploration costs. If commercial oil and gas are discovered, it will enjoy at least 49% of the mining rights.

Potential Hengxin announced that Smart Petroleum Investment Co., Ltd., a wholly-owned overseas subsidiary of the company, has made significant progress in exploration work in the Bohai Sea 09/17 block. The QK18-9-7 well officially went out to sea for drilling operations on January 7, 2026. The design depth is 4,680 meters. The estimated operation time is about two months. The block has previously discovered Ordovician carbonate reservoirs and obtained high-yield industrial oil flows at several well sites. Drilling at the QK18-9-7 well will further implement the overall oil and gas content scale of the Ordovician system and speed up scale exploration. Smart Petroleum will bear all exploration costs. If commercial oil and gas are discovered, it will enjoy at least 49% of the mining rights.