CNOOC Limited signed a SPA agreement with INEOS Energy by Investing.com

Hong Kong, December 13, 2024 /PRNewswire/ — Knok Corporation (NYSE:) Limited (“The Company”, SEHK: 00883 (HKD counter) and 80883 (RMB counter), SSE (LON: 600938) announces that CNOOC Energy Holdings USA Inc.a US-based subsidiary of its wholly owned subsidiary KNOK INTERNATIONAL CO., LTDhas entered into a Share Purchase Agreement (“SPA”) with a subsidiary of INEOS Energy for sale CNOOC Holdings Company in the United States of America

The sale and purchase agreement includes the company's oil and gas exploration business located in we Gulf of Mexicowhich consists primarily of non-operating interests in oil and gas projects including the Appomattox and Stampede fields.

Mr. Liu Yongjiepresident KNOK INTERNATIONAL CO., LTDHe said: “The transaction follows general business principles and aims to improve the company’s global asset portfolio. It will be closed upon obtaining regulatory approvals and satisfaction with the terms of the sale and purchase agreement. During this period, the company will work closely with INEOS Energy to ensure a smooth and orderly transition.”

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Notes to editors:

More information about the company is available at http://www.cnooltd.com.

This press release contains forward-looking information, including statements regarding possible future developments in the business of the Company and its subsidiaries, such as anticipated future events, business prospects or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “goal”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans” “intend” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyzes made by the Company as of such date in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, it is uncertain whether actual results and developments will meet the Company's current expectations and forecasts. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those related to political and macroeconomic factors, volatility and prices, the highly competitive nature of the oil and natural gas industry, and climate and climate change. Environmental policies, company price forecasts, merger, acquisition and divestiture activities, health, safety, environmental and insurance policies and anti-corruption and anti-corruption changes.scamLaws and regulations related to anti-money laundering and corporate governance.

Accordingly, all forward-looking statements contained in this press release are qualified by these cautionary statements. The Company cannot guarantee that anticipated results or developments will be achieved, or, even if substantially achieved, will have the expected impact on the Company, its business or operations.

For further inquiries please contact:

Ms. Kui LiuMedia and public relations
KNOK LIMITED
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
Email: mr@cnooc.com.cn

Mr. The rabbit is mineBurda Havas International Financial Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
Email: cnooc.hk@pordahavas.com