Bright Oceans Enterprises Limited (“the Company”) is a Hong Kong-incorporated company approved by MOFCOM and wholly owned by Bright Oceans Corporation.

  It focuses on oil exploration and production in China and mid-Asia.

  In April 27 2005, the Company got approval from MOFCOM and acquired the right to develop, produce and sell crude oil of Block Min114 (‘Min114’), Xinmin Oilfield, Jilin Province through a Production Sharing Contract (‘PSC’) with PetroChina.