HOME ABOUT US OUR BUSINESS INVESTOR RELATIONS MEDIA CENTRE CONTACT US 中文 Chirete Concession Chirete Concession Operated by High Luck Group Limited (“High Luck”), the Group’s Argentina wholly owned subsidiary, the Los Blancos Concession (formerly known as the Chirete Concession) covers a surface area of approximately 897 km2 in the Province of Salta in Northern Argentina. As of September, 2021 the Los Blancos Field is producing with the following key performance indicators (KPIs). Average daily production: 800 boed (barrels of oil equivalent per day) Oil Quality: Approximately API 37º, zero water content, free of sulphur and other contaminants Oil continues to freely flow unaided under its own wellhead pressure As of 31 December, 2020, the estimated hydrocarbon volumes at the Los Blancos Field are as follows: Concession Los Blancos Daily Production (as of Sept, 2021) 800boed Participating Interest 50.00% Group’s Net 2P Reserves (MMBOE) 1.82 Previous Project/Next Project © COPYRIGHT 2021 NEW TIMES ENERGY CORPORATION LIMITED. ALL RIGHTS RESERVED. High Luck Group Limited