SPT Energy Group Inc. * 335,000,000 33,500,000 301,500,000 1.63 1.0%0.003% 0.005% 1.23 0.0001 1251 32 342C 1.631.23 1.631.0%0.003% 0.005%1.63 S *
9A www.spt.cn www.hkexnews.hk 1. 1992 2. 146 8227 126 848 1912 7119 18127 3. 4-4A 10 2325 3
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(1) (3) www.eipo.com.hk eipo (4) (5) 1,000,000 183171712 1716 (6) ii
................................................................... i......................................................................... iii......................................................................... 1......................................................................... 16..................................................................... 27................................................................... 30..................................................................... 31...................................................... 48............................................. 49.................................................... 52..................................................................... 55..................................................................... 57......................................................................... 73........................................................ 85......................................................................... 103...................................................... 141..................................................................... 149............................................................ 151......................................................................... 154..................................................................... 156...................................................... 196......................................................................... 197.............................................................. 204.................................................... 211........................................................ I-1............................................. II-1.......................................................... III-1.......................................................... IV-1.............................. V-1.................................................... VI-1................................. VII-1 iii
Spears and Associates Spears and Associates 5%0.5% 59.2% 59.0%57.9%70.0% 44.0% 53.4% Spears and Associates 13% 30.0%53.4%9.5%4.4%2.7% (1) 42.3%35.0%28.5% 28.0% (2) 24.1%18.7%21.0%19.7% (1) (2) 58.5 1
30 66.6%72.0%65.1%70.4%69.7% 82.3%90.6%87.1%88.9%82.3% 2.7 (5%) 2
Spears and Associates 35% 45%30% 40%25% 35% 1.8% PPS 200 3011 663.9911.5 1,050.4392.0408.5 146.7153.1180.958.5 68.695.3 84.8119.538.947.2 (1) % % % % %............................. 270,796 40.8 373,735 41.0 441,847 42.1 160,818 41.0 122,674 30.0....................... 263,487 39.7 357,776 39.3 462,137 44.0 148,376 37.9 218,309 53.4........................... 129,589 19.5 177,636 19.5 91,375 8.7 47,253 12.1 38,719 9.5........................... 2,333 0.2 40,549 3.9 30,107 7.7 17,917 4.4............................. 46 0.0 14,524 1.3 5,425 1.3 10,863 2.7............................. 663,872 100.0 911,526 100.0 1,050,432 100.0 391,979 100.0 408,482 100.0 (1) (a)(b) (a) 85.5% (b) 14.5% 177.691.4 3
86.4 (i) (7) (ii) (1) 40.5 148.4218.3. 263.5 357.8 462.1 148.4 218.3 21 CNPC-International Aktobe Petroleum FIAL Liability Partnership Sagiz Petroleum Company JSC PetroKazakhstan Kumkol Resources JSC CNPC-AiDanMunai Buzachi Operating Ltd. KazGerMunai LLP JV...... 102.3 116.6 305.0 134.7 105.5 3. 49.6 117.1 63.6 (3) 44.1 15.1 3........ (1) 13.5 25.0 (2) (2) 1........ 30.3 9.2 21.5 8.1 (2) (2) 4. (1) (1) 14.5 7.7 10.6 3 (4) (1) 4
........ 2.4 (5) 10.7 4.5 (2) 0.5 (2) 3........ 0.4 10.7 10.5 (2) 0.5 (2) 2........ 14.9 2.0 (5) 9.5 1.0 (2) 1.5 (2) 2........ 52.3 9.1 (6) 7.2 (2) 1.1 (2) 1........ (5) (5) 5.2 0.2 (2) 2.0 (2) 2........ 10.4 17.6 3.9 (5) 2.8 0.3 (2) 2 (1) (2) (3) 117.1 (4) (5) (6) 70% 20 Spears and Associates 15 5
(i) (ii) (iii) (iv) 21.0 6
7
(1)....................... 663,872 911,526 1,050,432 391,979 408,482 (2)... 18,168 (44,630) 4,206 (46) (4,964)............... (193,874) (273,814) (264,852) (101,046) (98,898)........... (99,088) (154,629) (208,952) (77,461) (91,784)........... (17,910) (27,623) (36,400) (14,464) (18,241)............... (33,655) (35,577) (51,228) (23,126) (24,508)............. (18,519) (26,854) (31,542) (15,446) (18,981) (3)............ (15,777) (90,990) (139,410) (48,348) (32,596)........... (58,536) (1,283).................... (97,990) (104,324) (141,321) (53,512) (48,675) (535,349) (713,811) (873,705) (333,403) (334,966).................... 146,692 153,085 180,933 58,530 68,552 8
.................... 665 278 339 234 152.................... (6,087) (5,582) (5,689) (1,855) (3,681)............... (5,422) (5,304) (5,350) (1,621) (3,529)............. 141,270 147,781 175,583 56,909 65,023.................. (45,926) (62,978) (56,140) (17,976) (18,663)............... 95,344 84,803 119,443 38,933 46,360........... 95,344 84,803 119,509 38,944 47,241.................. (66) (11) (881) 95,344 84,803 119,443 38,933 46,360 (1) 663.9247.737.3% 911.5138.915.2% 1,050.4 392.016.54.2% 408.5 (2) 18.2 44.6 4.2 5.0 46,000 (3) 15.875.2 476.7%91.048.4 53.2%139.4 54.6 48.315.832.6% 32.6 9
...................... 145,422 150,065 196,433 217,191............................... 243 118 760 644........................ 25,341 32,412 31,826 39,431.................. 2,959 1,832 7,156 9,019 173,965 184,427 236,175 266,285................................... 166,932 193,863 211,065 265,686 (1)............... 294,068 340,294 445,142 339,901.................. 37,233 37,436 95,888 87,019.......................... 1,922 12,455 10,694 2,446...................... 106,920 106,512 166,721 83,246 607,075 690,560 929,510 778,298................................. 781,040 874,987 1,165,685 1,044,583................................... 57 68 68 68............................... 28,756 63,937 313,330 151,426.......................... (42,148) (43,534) (15,228) (16,367)............................... 343,920 426,610 303,837 341,570.............. 330,585 447,081 602,007 476,697............................. (57) 27,809................................. 330,585 447,081 601,950 504,506........................ 1,060 434 434 56................................... 105,346 60,000 159,975 292,216 (2)......................... 109,668 108,947 269,210 188,721................ 118,215 108,076 61,114 37,744............................. 116,166 150,449 73,002 21,340 449,395 427,472 563,301 540,021................................. 450,455 427,906 563,735 540,077.......................... 781,040 874,987 1,165,685 1,044,583.......................... 157,680 263,088 366,209 238,277...................... 331,645 447,515 602,384 504,562 (1) 294.1 340.3 10
445.1339.9 (2) 108.9 269.2(i) (7) (ii) 188.7 (1)................................. 177.0 217.1 (2).............................. 0.13 0.16 (1) II3 (2) 1,335,000,000 1,335,000,000100,000,000 900,000,000335,000,000 1.23 1.63 (1).......................................... 1,642 2,176 (2)....................... 7.6 10.0 (3).................. 0.70 0.80 (1) 1,335,000,000 335,000,000 (2) 1.231.63 (3) 195 1.231.631,335,000,000 11
1.43 414.2 35%145.0 100 20%82.8 20%82.8 10.0 15%62.1 10%41.4 1.431.231.63 71.9 77.177.1 12
13
14 (SARS)(H5N1)HINI
15
CNEC CNEC LLP CNEC Netherlands CNEC Netherlands CNEC (Netherlands) B.V. SPT Luxembourg DFW DFW Oil Mechanical Services LLC SPT UZB Netherlands Dowell Kazakhstan Dowell LLP Dowell Netherlands Dowell Netherlands Dowell Holding (Netherlands) B.V. Constant Way Limited 70%30% Duwell (Luxembourg) S.a.r.l. Enecal Enecal Canada Corp. NAH Netherlands Enecal Netherlands Enecal Holding (Netherlands) B.V. SPT Luxembourg Enecal PTE Enecal PTE Limited FD Netherlands FD (Netherlands) B.V. SPT Luxembourg 16
FD Services FD Services LLP FD Netherlands HY Netherlands HY KAZ Holding (Netherlands) B.V. SPT Luxembourg HY Technology HY Oil Technology Service LLP HY Netherlands M-Tech M-Tech Service LLP M-Tech Netherlands M-Tech Netherlands M-Tech Service Holding (Netherlands) B.V. SPT Luxembourg MGD Services MGD Services LLP SPT Netherlands NAH Netherlands North America Holding (Netherlands) B.V. SPT Luxembourg NE TKM NE TKM Hyzmat NE TKM Netherlands SPT TKM Netherlands 51%49% NE TKM Netherlands NE TKM Holding (Netherlands) B.V. SPT Luxembourg 70%30% OS Netherlands OS KAZ Holding (Netherlands) B.V. SPT Luxembourg OS Technology OS Technology Services LLP OS Netherlands P.T. Enecal P.T. Enecal Indonesia Enecal Netherlands 17
Spears and Associates NAH Netherlands 95%2.73% 2.27% 95%2.7% 2.3% Spears and Associates, Inc. 82.5%17.5% 95%2.73% 2.27% SPT Luxembourg SPT Energy Luxembourg S.a.r.l. SPT Netherlands SPT Energy (Netherlands) B.V. SPT Luxembourg SPT OFS SPT Oil Field Service Inc. Limited SPT TKM Netherlands SPT TKM Holding (Netherlands) B.V. SPT Luxembourg 18
SPT UZB Netherlands SPT UZB Holding (Netherlands) B.V. SPT Luxembourg 67.03%32.97% ABCA 19
CNEC BVI Canadian National Energy Corp 54.2% 32.8%5.8%4%3.2% 32 32L Elegant Eagle Investments LimitedMagic Flute Holdings LimitedRed Velvet Holdings LimitedBest Harvest Far East Limited Widescope Holdings LimitedTrue HarmonyTruepath Limited 20
eipo 33,500,000 571 21
301,500,000 22
9A 1.631.23 23
50,250,000 15% 144A S S 24
144A 144A 0.0001 Truepath Limited 25
Truepath Limited 50,250,000 True Harmony True Harmony Limited True Harmony Trust Roger Dale Rion 95.66%4.34% eipo eipo www.eipo.com.hk eipo % 26
.............. API............................ CBM............................ 5,000 2,000 psi150............................................................................................ 27
............................................. 15,0004,500 150 10,000 psi (68.9MPa)........... 70......... 200 10,000 psi............................ 5,000 2,000 psi 150................ mmbtu................................... 28
.............. psi........................................................................................................................................ 29
30
BP p.l.c BP p.l.c 31
32 30 66.6%72.0%65.1% 69.7%25.3%25.4%28.8%24.9% 82.3%90.6% 87.1%82.3% 59.2%59.0%57.9%70.0%
84.0% 68.4%51.2%40.7% 60.5%43.2%17.6%14.1% 166.9193.9211.1 265.7248178180326 (i) (ii) (iii) 33
(iv) 69.4 58.5 10 150200 69.4 294.1340.3445.1 339.9 129125135173 34
35
98.167.9 16.8 17.5 36
37
(7) 98.8 63.635.2 38
58.1%56.0% OFAC 39
40
[2009]82 (i)(ii) (iii) (iv)50% [2009]82 25% 41
10% 25%5% [2009]601601601 10% 10% 10% 698 10% 698 698 [2007]39 42
1.5%3.0% 43
(SARS)(H5N1)HINI (SARS) (SARS) (SARS) 10% 50% 44
(i)(ii)(iii) (iv) (v) (vi) 45
53.4% 46
47
8.12 8.128.12 8.12 (a) 3.05 XI (b) (i) (ii) (iii) (c) (d) 3A.19 13.46 (e) (f) (g) 48
571V 49
(i) (ii)(iii) 44B(1) 50
0.81541 Spears and Associates Spears and Associates 51
231 51205 517501 506 21601 929 38 9B 38 B2113 52
46 46 8 227 15 33 12 6 100022 1 2206 19 15 12 8 20 100005 22 53
1 16 338 15 54
XI Scotia Centre, 4th Floor P.O. Box 2804, George Town Grand Cayman KY1-1112 Cayman Islands 83 B78 100088 15 33 www.spt.cn (ACS, ACIS) 231 51205 15 8 183 17 1712 1716 Appleby Trust (Cayman) Ltd. Clifton House, 75 Fort Street P.O. Box 1350 Grand Cayman KYI 1108 Cayman Islands 55
1 70 9 3201 32053210 16 18 25 56
BP 186 224 38.559.9 3.5% 0.2%0.1% 7% 1.6% 43%50% 3.3% % %........................... 25.1 24.6 25.0 29.2% 27.1% 0.0%................................. 20.6 20.2 20.6 23.9% 22.4% 0.0%.............................. 2.3 2.2 2.2 2.7% 2.4% (0.5)%.............................. 2.1 2.2 2.3 2.4% 2.5% 0.8%........................... 15.3 14.0 13.4 17.8% 14.5% (1.0)%........................... 8.4 7.7 8.0 9.8% 8.7% (0.4)%................................. 5.0 4.2 4.3 5.8% 4.7% (1.1)%................................. 2.2 2.4 2.5 2.6% 2.7% 1.1%.................... 1.1 1.1 1.1 1.3% 1.2% 0.3%........................... 48.8 46.3 46.4 56.7% 50.4% (0.4)%.............. 5.1 4.9 4.9 5.9% 5.3% (0.3)%............................. 2.9 2.8 2.7 3.4% 2.9% (0.5)%............................... 2.2 2.1 2.2 2.6% 2.4% 0.1%........................ 16.8 20.1 22.7 19.5% 24.6% 2.4%............................... 7.6 10.0 11.6 8.8% 12.6% 3.3%............................... 2.8 3.2 3.6 3.3% 3.9% 1.9%................ 6.3 6.9 7.6 7.3% 8.3% 1.5%................................... 6.4 7.2 7.8 7.4% 8.5% 1.5%................................... 3.1 3.5 3.6 3.6% 3.9% 1.2%................................. 6.0 6.6 6.7 7.0% 7.3% 0.9%................................... 2.4 2.8 3.0 2.8% 3.3% 1.8%............................. 3.6 3.7 3.7 4.2% 4.0% 0.3%........................ 37.3 42.4 45.7 43.3% 49.6% 1.6%............................... 86.1 88.7 92.1 100% 100.0% 0.5% 57
7.3 0.6% 0.4%0.9% % %............ 34.4 35.6 37.4 38.8 40.6% 42.1% 0.9%....................... 23.1 24.2 25.2 26.4 27.2% 28.7% 1.0%....................... 4.0 4.1 4.4 4.1 4.7% 4.5% 0.3%....................... 4.1 4.2 5.1 5.4 4.8% 5.9% 2.1%....................... 3.2 3.1 2.7 2.8 3.8% 3.0% (1.0)%.......... 50.4 49.9 51.3 53.3 59.4% 57.9% 0.4%................... 21.6 20.9 20.5 20.6 25.5% 22.4% (0.4)%............... 15.4 15.0 16.2 16.9 18.2% 18.3% 0.7%............... 5.4 5.2 3.5 3.1 6.4% 3.4% (4.2)%............... 0.8 0.8 0.7 0.7 0.9% 0.8% (0.5)%................. 28.8 29.0 30.8 32.7 34.0% 35.5% 1.0%.. 12.8 12.7 13.1 13.8 15.1% 15.0% 0.6%............ 7.8 7.8 7.4 7.4 9.2% 8.0% (0.4)%................... 4.1 4.0 3.8 4.0 4.8% 4.3% (0.1)%.... 1.5 1.5 1.6 1.5 1.8% 1.6% (0.2)%....................... 2.6 2.6 2.9 3.2 3.1% 3.5% 1.5%..................... 4.1 4.3 5.9 7.0 4.8% 7.6% 4.2%................... 84.8 85.5 88.7 92.1 100.0% 100.0% 0.6% WTI145 3140 Spears and Associates spears 5 58
(i)3.4 3.60.6%(ii)3% 100 Spears and Associates 12 2030/ 100110 26% 7.4% 2.9% 0.5% 59
% %.................. 27.3 27.2 28.3 27.4 29.2 26.1% 21.4% 0.2%........................ 22.0 21.7 23.0 21.7 22.6 21.2% 16.6% (0.2)%..................... 3.4 3.3 2.9 3.2 3.4 2.7% 2.5% 1.3%..................... 1.9 2.2 2.4 2.5 3.1 2.2% 2.3% 2.0%.................. 19.2 19.1 19.2 20.2 21.0 17.7% 15.4% 0.7%.................. 5.3 5.8 6.3 6.9 7.3 5.8% 5.4% 1.1%........................ 3.1 3.4 3.7 3.8 3.9 3.4% 2.9% 0.4%........................ 1.1 1.1 1.2 1.5 1.6 1.1% 1.2% 2.0%........... 1.1 1.2 1.3 1.7 1.8 1.2% 1.3% 2.4%.................. 51.8 52.1 53.7 54.5 57.4 49.5% 42.1% 0.5%..... 25.3 25.3 25.9 26.8 27.5 23.9% 20.2% 0.5%..................... 16.2 16.6 16.7 16.7 16.9 15.4% 12.4% 0.1%........................ 9.1 8.7 9.1 10.1 10.6 8.4% 7.8% 1.2%............... 8.5 9.6 10.5 16.7 20.4 9.7% 15.0% 5.3%........................ 1.7 2.0 2.5 4.9 6.3 2.3% 4.6% 7.4%........................ 1.3 1.4 1.5 3.1 3.9 1.4% 2.9% 7.6%......... 5.6 6.2 6.6 8.7 10.2 6.1% 7.5% 3.4%.......................... 9.8 10.3 10.7 16.2 18.4 9.9% 13.5% 4.2%.......................... 3.0 2.9 3.1 4.8 5.7 2.9% 4.2% 4.8%........................ 4.4 4.5 4.6 5.6 7.0 4.2% 5.1% 3.4%.......................... 0.7 0.7 0.7 1.1 1.5 0.6% 1.1% 6.0%.................... 3.7 3.8 3.9 4.6 5.5 3.6% 4.0% 2.7%............... 50.9 52.6 54.7 70.1 78.9 50.4% 57.9% 2.9%...................... 102.7 104.6 108.5 124.7 136.3 100.0% 100.0% 1.8% 2.0% 2.9% 0.2% 60
% %................. 19.2 20.3 19.4 20.1 18.0% 14.6% 0.4%............... 6.3 6.0 5.6 5.5 5.9% 4.0% (1.0)%............... 10.2 10.7 9.6 9.0 9.6% 6.5% (1.0)%................. 1.7 1.7 3.5 3.7 1.6% 2.7% 6.2%.... 1.7 1.7 2.4 2.5 1.6% 1.8% 3.0%........ 2.0 2.0 2.1 2.3 1.9% 1.7% 1.0%........ 39.5 40.8 40.2 40.5 37.1% 29.5% 0.2%............... 23.1 23.4 23.0 24.3 21.7% 17.7% 0.4%........... 7.3 7.8 9.2 9.5 6.8% 6.9% 2.1%................. 4.0 4.1 6.4 8.0 3.8% 5.8% 5.5%............... 2.2 2.7 6.4 7.4 2.1% 5.4% 9.8%........ 6.4 6.7 8.1 9.2 6.0% 6.7% 2.8%................. 5.3 5.4 8.2 9.0 5.0% 6.5% 4.2%........ 1.6 1.7 3.1 3.7 1.5% 2.7% 6.6%................. 2.4 2.7 2.9 3.0 2.3% 2.2% 1.8%........ 9.6 9.9 12.9 14.2 9.0% 10.3% 3.1%............... 5.2 5.3 6.6 8.7 4.9% 6.3% 4.0%.. 67.0 69.7 86.8 97.0 62.9% 70.5% 2.9%............. 106.6 110.5 126.9 137.5 100.0% 100.0% 2.0% 34% 63%55% Spears and Associates 4.16 61
(i)0.8 1.02.3%(ii)3% 3.55 Spears and Associates 145 31 40 62
9377 93 115 100 33%30% 4.2% 4,420 4,9004,540..................... 78.5 106.3 71.2 86.6 93.6................... 23.2 28.7 18.5 31.1 32.6..................... 230.2 318.6 305.1 324.1 363.3..................... 331.9 453.6 394.8 441.8 489.5 %..................... 12.6 35.4 (33.0) 21.6 8.1................... (4.1) 23.7 (35.5) 68.1 4.8..................... 32.5 38.4 (4.2) 6.2 12.1..................... 24.0 36.7 (13.0) 11.9 10.8 600 Spears and Associates 14.8%8.5% BPChevronConocoPhillipsENIExxonMobilOMVRepsol-YPFRoyal Dutch ShellStatoil 420260 63
...................... 15,137 19,000 14,000 24,728 26,117...................... 7,000 8,600 6,800 8,175 9,260...................... 3,904 5,191 6,600 6,540 7,050........................ 26,041 32,791 27,400 39,443 42,427........... 99,881 133,309 124,889 127,642 145,724............... 111,100 121,632 123,460 123,197 141,589 Spears and Associates 3.9% 9.2%6.1% 4.0% 10,000 6,239 6,467 6,685 6,887 7,065 7,254 7,450 7,653 7,862 8,078 7,500 485 466 476 448 457 835 877 912 939 958 977 997 1,017 1,037 1,058 5,496 418 431 439 383 402 268 5,000 1,872 1,946 2,025 2,105 2,188 2,276 2,367 2,462 2,560 2,662 781 206 231 1,807 366 143 381 212 218 414 224 323 336 193 199 167 151 397 297 177 310 182 188 350 135 159 168 431 178 178 101 50 105 51 112 52 121 52 128 53 382 54 391 55 406 56 421 57 437 58 453 2,500 36 307 346 355 365 373 1,851 2,174 2,232 2,281 2,330 2,361 2,393 2,424 2,457 2,489 2,522 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Spears and Associates 3.3% 139,660 7.1%4,080 160,000 16,456 17,114 17,799 18,510 19,251 19,321 19,859 20,332 20,707 21,192 7,202 7,562 7,865 8,101 8,263 8,428 8,597 8,769 8,944 9,123 115,296 118,871 122,038 125,119 127,673 129,591 132,195 134,650 137,067 139,660 2,113 2,024 2,068 1,937 1,982 1,862 1,899 120,000 1,808 1,655 1,738 100,632 3,083 2,792 2,886 2,983 6,733 2,531 2,613 2,700 674 682 691 649 666 6,105 6,221 6,374 6,507 6,645 6,788 658 6,932 7,080 7,230 7,384 642 15,823 1,619 620 1,698 627 1,802 1,878 1,960 2,048 2,137 2,231 2,329 2,432 2,058 2,117 2,177 2,240 2,357 2,442 2,305 2,371 2,440 2,510 2,583 2,657 1,160 2,260 634 80,000 1,956 1,566 1,797 5,423 432 40,000 65,742 77,321 79,437 81,137 82,848 84,087 85,340 86,790 88,145 89,541 90,986 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Spears and Associates 64
....... 126.7 157.1 164.7 171.9 179.4 185.7 192.3 199.6 206.8 214.3 222.2....... 18.6 23.6 25.3 27.3 29.3 31.4 33.8 36.3 38.9 41.8 44.9....... 1.1 1.7 1.8 1.9 2.1 2.2 2.3 2.5 2.6 2.8 3.0....... 7.0 7.9 8.7 9.6 10.5 11.4 12.5 13.6 14.8 16.2 17.6....... 8.2 10.5 11.4 12.4 13.4 14.5 15.7 17.0 18.4 19.9 21.5..... 9.2 10.7 11.8 12.7 13.8 14.9 16.1 17.4 18.8 20.4 22.1....... 24.7 27.0 29.5 32.2 35.2 38.4 40.5 43.7 46.9 50.2 53.9..... 8.4 9.8 10.9 11.8 12.8 13.7 14.7 15.8 16.9 18.2 19.5....... 1.1 1.8 1.9 2.1 2.3 2.5 2.6 2.8 3.0 3.3 3.5....... 205.0 250.1 266.1 282.1 298.7 314.8 330.4 348.6 367.3 387.0 408.2 Spears and Associates Spears and Associates 995 6.7% 1,910 240,000 180,000 120,000 60,000 0 99,468 16,655 29,665 53,147 2010 190,915 181,772 173,314 31,672 157,236 165,207 30,186 150,529 143,417 28,809 27,486 135,877 128,736 26,183 25,087 121,429 23,918 57,238 22,675 54,493 21,497 51,953 20,287 49,533 47,158 45,132 43,049 40,814 38,701 36,543 64,599 68,538 72,387 76,450 80,310 83,896 88,188 92,552 97,092 102,005 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Spears and Associates 65%1,780 65
............. 110 133 142 151 162 172 182 194 206 219 234............. 41 49 52 56 59 62 65 69 73 77 81............. 27 32 34 37 39 42 44 47 50 53 57................. 94 113 122 130 139 149 158 169 180 192 206................. 272 327 351 374 399 424 449 478 509 542 577............. 41% 41% 41% 41% 41% 41% 41% 41% 41% 41% 41%............. 15% 15% 15% 15% 15% 15% 15% 14% 14% 14% 14%............. 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%................. 35% 35% 35% 35% 35% 35% 35% 35% 35% 36% 36% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Spears and Associates 8.9% 71390% 60%70%...... 4.2 4.2 4.2 4.1 4.1 3.8 3.8 3.9 3.9 3.9 4.0...... 2.9 2.9 2.9 2.9 2.9 3.0 3.0 3.0 3.0 3.0 3.0...... 1,830 1,903 1,978 2,057 2,138 2,222 2,311 2,403 2,499 2,598 2,702................. 1,807 1,872 1,946 2,025 2,105 2,188 2,276 2,367 2,462 2,560 2,662................. 24 31 32 32 33 34 34 36 37 38 40........ 30.4 34.9 38.1 41.6 45.4 49.6 52.7 57.0 61.5 66.1 71.3................. 24.7 27.0 29.5 32.2 35.2 38.4 40.5 43.7 46.9 50.2 53.9................. 5.7 7.9 8.6 9.4 10.3 11.2 12.2 13.4 14.6 15.9 17.4 Spears and Associates 9.1% 136323 12.6%25 818.1% 18953 66
... 8,655 9,451 10,320 11,270 12,307 13,439 14,162 15,285 16,431 17,571 18,881... 2,473 2,835 3,244 3,703 4,219 4,800 5,260 5,896 6,573 7,279 8,092... 2,423 2,646 2,890 3,156 3,446 3,763 3,965 4,280 4,601 4,920 5,287....... 13,551 14,933 16,454 18,129 19,972 22,002 23,388 25,460 27,605 29,770 32,260 Spears and Associates Spears and Associates 85% 5%Spears and Associates 1,200 10% Spears and Associates....................................................... 78.40.......................................................................... 2.00.......................................................................... 1.70.......................................................................... 0.90............................................................. 0.44..................................................................... 0.40................................................................. 0.36 1,200............................................................. 8.00.............................................................................. 92.20 922 Spears and Associates 136 (1) Spears and Associates 925% Spears and Associates 75% (1) FactSet 1.000.1475 67
1,275 Spears and Associates 50802030150300 BP p.l.c. 10 200240 2288 Spears and Associates 4 2 BP p.l.c. 1,152 Spears and Associates 152,000 4.8 30 2030 400 68
30 Spears and Associates 600 62 400 130200 Sinopec International Exploration and Production Corporation SIPC Calgary-based Addax Petroleum75 SIPC ConocoPhillips Syncrude 9.03%46.5Repsol 40%71Occidental Petroleum 24.5 Chevron Bridas corporation 50%31 Chesapeake EnergyChesapeake 10.8 Chesapeake Denver-Julesburg Powder River Basins 570697 Chesapeake Tullow Oil 10.4% 54....... 3.0 3.1 3.1 3.2 3.3 3.4 3.5 3.5 3.6 3.7 3.8.... 6.8 7.2 7.6 8.1 8.5 8.9 9.0 9.1 9.1 9.2 9.3...... 305 421 442 459 473 483 492 502 512 522 533......... 268 383 402 418 431 439 448 457 466 476 485......... 37 38 40 41 42 43 44 45 46 47 48.. 2.0 2.7 3.0 3.3 3.6 3.8 4.1 4.4 4.7 5.1 5.4......... 1.1 1.8 1.9 2.1 2.3 2.5 2.6 2.8 3.0 3.3 3.5....... 0.9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Spears and Associates 12.0% 619 12.0% 412 69
... 394 618 682 745 805 862 924 992 1,064 1,141 1,225... 113 177 195 213 230 246 264 284 304 326 350... 110 173 191 208 225 241 259 278 298 320 343....... 617 968 1,068 1,166 1,261 1,350 1,446 1,554 1,666 1,787 1,917 Spears and Associates Spears 92 5% Spears and Associates Spears 75%210160 Spears and Associates (Weatherford) 70
Spears and Associates Spears and Associates 35,000 BP Spears and Associates Spears and Associates Spears and Associates Spears and Associates Spears and Associates Drilling and Production Outlook (DPO)the Oilfield Market Report (OMR) Pipe Logix 71
DPODPO50 100 DPO OMR30 OMR250 OMR OMR Pipe Logix Spot Market Price report 30 The Key Market Factors report Spears and Associates 20 Spears and Associates Spears and Associates BPBP 50 BP plc OECD (Platts) Oil and Gas Journal Barclays Capital E&P Spending Survey Barclays Capital EIAEIA 72
73
3,000 3,000 2,000 100,000 500,000 74
75
33% 25% 10% 25% 10% 10% 76
698 698 698698 (i)12.5%(ii) 17% 10% 50% 77
75 75(a) (b) (c) 3075 75 20 78
(i) (ii)(iii) (iv).cn 79
80
(Kazakhstan Law on Licensing) (Kazakhstan Law on Subsoil and Subsoil Use) 291-IV (Kazakhstan Environmental Code) 81
(Labor Code) (Rules on Establishment of Quota) (Conditions and Order of Issue of Permits to Employers for Attraction of Foreign Labour Force to the Republic of Kazakhstan) 82
461-II 20% 57-III 234 83
(i) (ii) (iii)(iv)(v) 20% 15%11% 5% 12%12% (a) ABCA (b) ABCA ABCA (i)30,000(ii) (iii)(iv) 32M98 84
20 165 6,394120 18 KELA 2 KELA 203 65-40ADM 1,600 85
7" 8,023 (1) 2,000,0005%5%36%31% 23% 5% 36%41% 23% 23%18.54% 4.46% 95% 23%33.31%38.69% 95%95% 54.54%45.46% 4,363,200 3,636,8002,000,000 10,000,000 54.54%45.46% 86
54.55%45.45% 1,100,000 2,200,000 54.44%45.56% 7,800,000 2,200,00010,000,000 12%10% 78% 42.55%35.45% 42.55% 35.45% 54.55%45.45% 51.82% 43.18% 54.55% 45.45% 1,000,000 30,000,00040%60% 21.82%18.18% 21.82%18.18% 87
12,000,000 21.82%18.18%60% 30,000,000 15,600,000 18,000,0003,600,000 41.96%34.97%23.07% 70%30%1,000,000 40%60% 5,000,000 3,000,0007,000,00015,000,000 5,000,00030,000,000 16.67%33.33%50% (2) M-Tech M-Tech M-Tech 51%49% FD Services FD Services 51%49% M-Tech FD Services M-Tech M-Tech FD Services FD Services M-Tech M-Tech M-Tech Netherlands (4) M-Tech Mangistan CNEC CNEC BVI (1) (1) CNEC BVI 88
(3) Enecal (40%)(60%) (40.8%)(39.2%) (20%) (2) Enecal Enecal (45%) (55%)Enecal (40.8%)(39.2%)(20%) (3) (1) 50,000500,000,0000.0001 980.0001 51%49% True Harmony Limited Truepath LimitedWidescope Holdings LimitedJumbo Wind Limited Windsorland Limited Credit Suisse Trust Limited (2) 40% (i)(ii) 40.8%39.2%20.0% Enecal NAH Netherlands (5) (3) Enecal 4.2% Enecal 35%Enecal (i) Enecal (ii) Enecal 40.8%39.2%20.0% Enecal Enecal Enecal Enecal Enecal NAH Netherlands (5) 89
True Harmony Limited True Harmony Trust Roger Dale Rion 95.66%14.56%4.34%0.66%True Harmony Trust True Harmony Trust Credit Suisse Trust Limited True Harmony Trust True Harmony...... Truepath Trust Widescope Trust Jumbo Wind Trust Windsorland Trust True Harmony Trust (1). 48.7% 13.6% 10.8% 5.2% 15.2% (1) True Harmony Trust Widescope 1 True Harmony 2 Roger Dale Rion Truepath 3 Jumbo Wind 4 Windsorland 5 6 100% 100% 100% 100% 100% 100% Elegant Eagle Investments Limited () 100% Best Harvest Far East Limited ( ) Ample Sky Offshore Limited ( ) Dream Ahead Holdings Limited ( ) Magic Flute Holdings Limited () 100% Victory Cheer Investments Limited ( ) Famous Mansion Investment Limited ( ) Proactive Gain Investment Limited ( ) Rainstone Investment Consultants Limited ( ) Alpha Quality Holdings Limited ( ) Red Velvet Holdings Limited () 100% Starshine Investments Limited () 100% Tarkin Investments Limited () 100% 6.5% 73.3% 2.0% 6.6% 2.0% 6.6% 3.3% 2.0% 4.3% 100% Widescope Holdings Limited () True Harmony () Truepath Limited () Jumbo Wind Limited () Windsorland Limited () 13.6% 15.2% 48.7% 10.8% 5.2% () (1) Widescope Trust Widescope Trust (2) True Harmony Trust True Harmony Trust (3) Truepath Trust Truepath Trust (4) Jumbo Wind Trust (5) Windsorland Trust Windsorland Trust (6) 6,450,0006.5% 90
(2) 1,000,000 100,00010 51%49%1,000,000 SPT Luxembourg SPT Luxembourg 1111 SPT OFS 100,000SPT OFS 10,000 Constant Way LimitedAlibi Babayev Dowell Kazakhstan 70%30% 100 Dowell Kazakhstan 1,000,000 100% 91
() 100% () 70% 100% 63.1% 100% 4 () SPT Luxembourg () Enecal PTE 5 () SPT OFS () 100% 100% 100% () () 100% Dowell Netherlands () 100% Dowell Kazakhstan () 100% CNEC Netherlands () 100% CNEC () 100% M-Tech Netherlands () 100% M-Tech () 100% FD Netherlands () 100% FD Services () 100% OS Netherlands () 100% OS Technol ogy () 100% SPT Netherlands () MGD Services () 100% HY Netherlands () 100% NE TKM Netherlands () 100% SPT TKM Netherlands () 100% 100% 51% 49% 100% 100% 100% 95% 100% HY Technology () DFW () Enecal Netherlands () P.T. Enecal 6 () () 100% NAH Netherlands () 95% 1 () () 100% 82.5% 67.03% 32.97% 95% 95% 30% () 70% Enecal () () () 2 () NE TKM () SPT UZB Netherlands () 3 () 17.5% (1) 2.73%2.27% (2) 2.73%2.27% (3) 2.7%2.3% (4) Constant Way Limited Constant Way Limited Alibi Bahayev Dowell Kazakhstan (5) Enecal PTE (6) Hendri Saleh P.T.Enecal 92
(3) 33.33% 10,000,000 9,250,0003,970,000 30,000,00043,220,000 32.97%67.03% 95% 39.23%32.70% 2.7%2.3%95% 5,000,000 10,000,000 100%30% 100% 1,000,000 30% 736,236.04 30%70% 95% 8,438,397.84 7,034,441.2851.81%43.19% 2.73%2.27% 95% 77,758,137.48 64,807,201.9151.815%43.185% 2.73%2.27%95% 93
5,000,000 10,000,0005,000,000 82.5%17.5% 1,750,000 82.5%17.5% () 100% () () 30% () 70% 4 () 95% 1 () 82.5% 67.03% 32.97% 95% 2 () 95% 70% 100% () () 3 () () 17.5% (1) 2.73%2.27% (2) 2.73%2.27% (3) 2.7%2.3% (4) Constant Way Limited Constant Way Limited Alibi Bahayev Dowell Kazakhstan 94
(4) CNECFD-Services M-Tech 100 OS Technology MGD Services HY TechnologyOS Technology Atyrau Astana 70% 100 Dowell Kazakhstan 100% () 100% () 100% SPT Luxembourg () 100% 70% 1 () 100% 100% 100% 100% 100% 100% 100% () CNEC Netherlands () M-Tech Netherlands () FD Netherlands () OS Netherlands () SPT Netherlands () HY Netherlands () 100% 100% 100% 100% 100% 100% 100% Dowell Netherlands () 100% CNEC () M-Tech () FD Services () OS Technology () MGD Services () HY Technology () Dowell Kazakhstan () (1) Constant Way LimitedConstant Way Limited Alibi Bahayev Dowell Kazakhstan 95
(5) 1,000,000 500,000EnecalNAH Netherlands () 100% () 100% SPT Luxemburg () 100% NAH Netherlands () 100% 100% () 100% Enecal () (6) Enecal PTE Enecal PTE 40.8%39.2%20% Enecal PTE Enecal PTE 300,000 Enecal PTE 60% Enecal PTE 81,60078,40040,00016.3% 15.7%8% Enecal PTE Enecal PTE 600,000 Enecal PTE 63.2%Enecal PTE 131,600128,40050,00040,000 Enecal PTE Enecal PTE 13.9%13.5%5.3%4.2% Enecal PTE Enecal PTE Enecal PTE Enecal PTE Enecal PTE 10,000,000,000 Enecal PTE 96
P.T. Enecal Enecal Netherlands Hendri Saleh 95%5%1,000,000 DFW SPT UZB Netherlands 10,000 NE TKM NE TKM Netherlands 51%SPT TKM Netherlands 49%142,500 SPT OFS 100,000 97
() 100% () 100% SPT Luxemburg () 63.2% Enecal PTE () SPT OFS () 100% 100% () NE TKM Netherlands () 100% 100% SPT TKM Netherlands () 100% SPT UZB Netherlands () 100% Enecal Netherlands () 51% 49% 100% 95% NE TKM () DFW () P.T. Enecal () (7) 50%40% 10% Sinopetroleum International Ltd.National Energy Corp.CNEC BVI North Resources Corp.Sinopetroleum International Ltd. 50%40%10%National Energy Corp 47%45% 8%CNEC BVI 54.22%32.76%5.82%4.0%3.2%North Resources Corp. CNEC BVI National Energy Corp. CNEC BVI Enecal PTE Enecal PTE 98
Enecal PTE Enecal PTE 10% Enecal PTE (i) (ii) (iii) 285,144,000283,654,000 1,490,000 212,899,290 212,899,290 1 72,245,000 158,038,178.51 (8) 99
Widescope Trust 1 True Harmony Trust 2 Roger Dale Rion Truepath Trust 3 Jumbo Wind Trust 4 Windsorland Trust 5 6 100% 100% 100% 100% 100% 100% Elegant Eagle Investments Magic Flute Holdings Red Velvet Holdings Starshine Investments Tarkin Investments Limited Limited Limited Limited Limited () () () () () 100% 100% Best Harvest Ample Sky Far East Offshore Limited Limited ) ) ( ( Dream Ahead Victory Cheer Holdings Investments Limited Limited ) ) ( ( Famous Mansion Proactive Gain Investment Investment Limited Limited ) ) ( ( Rainstone Investment Alpha Quality Consultants Holdings Limited Limited ) ) ( ( 100% 100% 100% 6.5% 73.3% 2.0% 6.6% 2.0% 6.6% 3.3% 2.0% 4.3% Widescope Holdings Truepath Limited Jumbo Wind Windsorland Limited True Harmony () Limited Limited () () () () 13.6% 15.2% 48.7% 10.8% 5.2% () 100% () 70% 10 () SPT Luxembourg () 100% 63.2% 100% Enecal PTE 11 () SPT OFS () 100% 100% () 30% () () 95% 95% 70% 7 100% 100% () 8 () () 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 82.5% 67.03% 32.97% 95% () 100% Dowell Netherlands () CNEC M-Tech FD OS SPT HY NE TKM SPT TKM SPT UZB Enecal NAH Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands () () () () () () () () () () () 10 9 () () () 17.5% 100% 100% 100% 100% 100% 51% 49% 100% 100% 100% 95% 100% 100% Dowell Kazakhstan () CNEC M-Tech ) ) ( ( FD Services ( OS Technol ogy ) ) ( MGD Services ( () ) HY NE TKM DFW Technology () () P.T. Enecal 12 () () Enecal () (1) Widescope Trust Widescope Trust (2) True Harmony Trust True Harmony Trust (3) Truepath Trust Truepath Trust (4) Jumbo Wind Trust Jumbo Wind Trust (5) Windsorland Trust Windsorland Trust (6) Skycharm Limited Heroic Time Investments Limited4,950,0001,500,0003,825,000 Skycharm Limited 1,125,000 Widescope Holdings LimitedHeroic Time Investments Limited Widescope Holdings Limited (7) 2.73%2.27% (8) 2.73%2.27% (9) 2.7%2.3% (10) Constant Way LimitedConstant Way Limited Alibi Bahayev Dowell Kazakhstan (11) Enecal PTE (12) Hendri Saleh P.T.Enecal 100
Widescope Trust 1 True Harmony Trust 2 Roger Dale Rion Truepath Trust 3 Jumbo Wind Trust 4 Windsorland Trust 5 6 100% 100% 100% 100% 100% 100% Elegant Eagle Investments Magic Flute Holdings Red Velvet Holdings Starshine Investments Tarkin Investments Limited Limited Limited Limited Limited () () () () () 100% 100% Best Dream Ample Sky Harvest Ahead Victory Cheer Famous Rainstone Offshore Far East Holdings Investments Mansion Proactive Gain Investment Alpha Quality Limited Limited Limited Limited Investment Investment Consultants Holdings Limited ( ( ( ( Limited Limited Limited ( ) ) ) ) ( ( ( ) ) ) ) 100% 100% 100% 73.3% 2.0% 6.6% 2.0% 6.6% 3.3% 2.0% 4.3% Widescope Holdings Truepath Limited Jumbo Wind Windsorland Limited True Harmony () Limited Limited () () () () 10.2% 11.4% 36.5% 8.1% 3.9% 4.8% 25.1% () 100% () 70% 10 () SPT Luxembourg () 100% 63.2% 100% Enecal PTE 11 () SPT OFS () 100% 100% () 30% () () 95% 100% () 100% 7 () () 100% Dowell Netherlands () 100% 100% CNEC Netherlands () 100% 100% M-Tech Netherlands () 100% 100% FD Netherlands () 100% 100% OS Netherlands () 100% 100% SPT Netherlands () 100% 82.5% 67.03% 32.97% 95% HY Netherlands () 100% NE TKM Netherlands () 100% SPT TKM Netherlands () 100% SPT UZB Netherlands () 100% Enecal Netherlands () 51% 49% 100% 100% 100% 95% 100% 100% 95% 70% NAH Netherlands () () () 8 () 17.5% 9 () 100% Dowell Kazakhstan () CNEC M-Tech () () FD Services () OS Technol ogy () MGD Services () () HY NE TKM DFW Technology () () P.T. Enecal 12 () Enecal () () (1) Widescope Trust Widescope Trust (2) True Harmony Trust True Harmony Trust (3) Truepath Trust Truepath Trust (4) Jumbo Wind Trust Jumbo Wind Trust (5) Windsorland Trust Windsorland Trust (6) Skycharm Limited Heroic Time Investment Limited4,950,0001,500,0003,825,000 Skycharm Limited 1,125,000 Widescope Holdings LimitedHeroic Time Investment Limited Widescope Holdings Limited (7) 2.73%2.27% (8) 2.73%2.27% (9) 2.7%2.3% (10) Constant Way LimitedConstant Way Limited Alibi Bahayev Dowell Kazakhstan (11) Enecal PTE (12) Hendri Saleh P.T.Enecal 101
11 (a) (b) 1111 11 11 (a) 11 (b) 75 7575 102
Spears and Associates Spears and Associates 5%0.5% 59.2% 59.0%57.9%70.0% 44.0% 53.4% Spears and Associates 13% 30.0%53.4%9.5%4.4%2.7% (1) 42.3%35.0%28.5% 28.0% (2) 24.1%18.7%21.0%19.7% (1) (2) 58.5 103
66.6%72.0%65.1%70.4%69.7% 82.3%90.6%87.1%88.9%82.3% 2.7 (5%) Spears and Associates 35% 45%30% 40%25% 35% 1.8% 104
PPS 200 3011 663.9911.5 1,050.4392.0408.5 146.7153.1180.958.5 68.695.3 84.8119.538.947.2 Spears and Associates 70% 663.9911.5 1,050.4 25.8% 392.0408.5 Spears and Associates 105
800 50,000 Spears and Associates 20,000psi20019 Spears and Associates 30 11 PPS 200 106
5,082 80 20 107
18.0 108
(i) (ii)(iii) Spears and Associates 75% 10% 109
(a) MWD (b) LWD (c) (d) MWDMWD LWD 110
(a) DST (b) PVT 111
(c) (d) (e) Navi (f) (a) (b) (c) (d) ESP (e) (a) PDMS (b) (c) DPT ESP 112
(d) (e) (f) (g) ESP (a) (b) (c) (d) (e) (f) 113
% % % % %......................... 110,589 16.7 310,162 (1) 34.0 343,822 32.7 117,079 29.9 128,707 (3) 31.5......................... 245,025 36.9 268,420 29.4 323,808 (2) 30.8 121,332 31.0 74,610 (4) 18.3......................... 308,258 46.4 332,944 36.6 382,802 36.5 153,568 39.1 205,165 50.2............................. 663,872 100.0 911,526 100.0 1,050,432 100.0 391,979 100.0 408,482 100.0 (1) 86.4 (2) 40.5 (3) 5.7 (4) 12.2 110.6310.2 343.8117.1128.716.7% 34.0%32.7%29.9%31.5% 3,100 114
115
8,023 15 116
15 4,000 1,000 117
245.0268.4 323.8121.374.6 36.9%29.4%30.8%31.0%18.3% API 6A 2030 118
ITest 150 ISO 9001 API Q1 119
50 120
308.3 332.9382.8153.6205.2 46.4%36.6%36.5%39.1%50.2% 121
5,986 50400 456,50080 100,000ppm 40,000 10,000 122
20 (1) (1) (1) (1) (2).............................. 1 60% 1 90% 1 90% 1 90% (3).............................. 9 70% 10 70% 10 80% 15 60% (4).......... 6 73% 6 67% 9 75% 8 65% (5)................................ 30 69% 32 73% 50 79% 51 70% (1) 300 150300 300 (2) (3) (4) 123
(5) 1515 2312 122412 12 Spears and Associates Spears and Associates 85%Spears and Associates 5%1,200 10% Spears and Associates 5%0.5% Spears and Associates 124
(Weatherford) Spears and Associates 125
44.0%53.4% Spears and Associates 20,000psi 200 Spears and Associates (1) % % % % %............................. 270,796 40.8 373,735 41.0 441,847 42.1 160,818 41.0 122,674 30.0....................... 263,487 39.7 357,776 39.3 462,137 44.0 148,376 37.9 218,309 53.4........................... 129,589 19.5 177,636 19.5 91,375 8.7 47,253 12.1 38,719 9.5........................... 2,333 0.2 40,549 3.9 30,107 7.7 17,917 4.4............................. 46 0.0 14,524 1.3 5,425 1.3 10,863 2.7............................. 663,872 100.0 911,526 100.0 1,050,432 100.0 391,979 100.0 408,482 100.0 (1) (a)(b) (a) 85.5% (b) 14.5% 177.691.4 86.4 (i) (7) (ii) 40.5 126
148.4218.3 52%75% 127
66.6%72.0%65.1%70.4%69.7% 25.3%25.4%28.8%30.1%24.9% 82.3%1.7% 90.6%0.9% 87.1%0.6%0.2% 88.9%1.2%0.2%82.3%0.1% 1.0% 40.6%31.4%42.8%47.0%32.0%59.4%68.6%57.2%53.0%68.0% 5% 42.1%44.0%8.7%3.9%1.3% 30.0%53.4%9.5%4.4%2.7% (1) 42.3%35.0%28.5%24.4%28.0% (2) 24.1%18.7%21.0%18.4%19.7% (1) (2) 58.5 128
5% 220.0 312.6328.3265.5 2045 5% 129
............ 263.5 357.8 462.1 148.4 218.3 21 CNPC-International Aktobe Petroleum FIAL Liability Partnership Sagiz Petroleum Company JSC PetroKazakhstan Kumkol Resources JSC CNPC-AiDanMunai Buzachi Operating Ltd. KazGerMunai LLP JV................. 102.3 116.6 305.0 134.7 105.5 3............ 49.6 117.1 63.6 (3) 44.1 15.1 3................... (1) 13.5 25.0 (2) (2) 1................... 30.3 9.2 21.5 8.1 (2) (2) 4............ (1) (1) 14.5 7.7 10.6 3 (4)................... 2.4 (5) 10.7 4.5 (2) 0.5 (2) 3................... 0.4 10.7 10.5 (2) 0.5 (2) 2................... 14.9 2.0 (5) 9.5 1.0 (2) 1.5 (2) 2................... 52.3 9.1 (6) 7.2 (2) 1.1 (2) 1................... (5) (5) 5.2 0.2 (2) 2.0 (2) 2................... 10.4 17.6 3.9 (5) 2.8 0.3 (2) 2 130
(1) (2) (3) 117.1 (4) (5) (6) 70% 20 Spears and Associates 15 131
(Sinopetroleum Natural Gas Co., Ltd) (1) (2) (1) (2) 132
PSE PPS 201 H3Ning 201 H1 030 H25030 H26 122 133
8.8 10.217.310.7 (i)(ii) (iii)(iv) PPS 200 C 80 20 6015 170.0 30.0 134
193.9273.8 264.9101.098.936.2% 38.4%30.3%30.3%29.5% 84.0% 68.4%51.2%40.7% 60.5%43.2%17.6%14.1% 5% (i) (ii) (iii) (iv) 135
ISO9001ISO14001 OHSAS 18000 API Specification Q1 Tarim Wusen 1656,394120 (i) (ii)(iii) (iv) 136
9.398.4204.843.947.8 5.660.2102.529.231.6 60.2%61.2%50.6%66.5%66.1% 174.3163.072.726.7 35.6 137
3011 260,574.4 256,430.44,144.0 14,720.3604.9 6828,455.12 47.1 138
43,355 23.2 6.5 27256,430.4 3814,720.3 4619,013.8 303,998.9 4,144.0 604.922 9,441.3 OHSAS 18000 139
140
............. 48............. 39............. 63............. 47............. 57............. 40............. 48............. 39............. 63............... 56............. 53 Rion, Roger Dale..... 61............. 36............... 45............... 40............... 57............. 51............. 51 48 26 141
39 19 63 37 47 25 382 142
57 32 AABSAABS 40 16 XV 13.51(2) 56 37 143
53 25 Microstep, Inc. Microstep, Inc. Rion, Roger Dale 61Rion Rion 30 Rion Rion Rion Shell International Petroleum Maatchappij BV (SIPM) Rion Rion Rion Rion 36 13 144
BI 45 25 Shell Canada Ltd. 40 19 57 28 51 27 145
Halliburton Services (Malaysia) Sdn. Bhd. dual-trip multi-zone single-trip multi-zone 51 30 Baker Hughes Asia Pacific (Baker Hughes Legal Resources University) FCPA 40 KCS Hong Kong Limited 15 KCS Hong Kong Limited 190987 2607958 10286868 3788 3.21C3 146
B1 3A.19 3A.23 3.85.3 7.14.4 29.731.0 147
0.91.12.3 1.0 2.33.1 7.9 9251,1521,6161,771.............................................................. 153..................................................... 321..................................................... 166..................................................... 446.............................................................. 933................................................... 10................................................... 397..................................................... 117.......................................................... 45........................................................ 59.......................................................... 11..................................................... 46.............................................................. 685.............................................................. 1,771 148
XV23 10% Widescope Holdings Limited.......... 135,872,000 10.2% Elegant Eagle Investments Limited (1).... 135,872,000 10.2% True Harmony...................... 152,200,000 11.4% Best Harvest Far East limited (2)......... 152,200,000 11.4% Majic Flute Holdings Limited (3)......... 152,200,000 11.4% Truepath Limited.................... 487,012,000 36.5% Red Velvet Holdings Limited (4)......... 487,012,000 36.5% Jumbo Wind Limited................. 108,000,000 8.1% Starshine Investments Limited (5)........ 108,000,000 8.1% Credit Suisse Trust Limited (6).......... 935,500,000 70.1% (7)........................... 775,084,000 58.1% (8)........................... 775,084,000 58.1% (9)...................... 108,000,000 8.1% (1) Windscope Holdings Limited Elegant Eagle Investments Limited 135,872,000 (2) Best Harvest Far East Limited True Harmony 73.3%152,200,000 (3) Best Harvest Far East Limited Majic Flute Holdings Limited Best Harvest Far East Limited 152,200,000 (4) Truepath Limited Red Velvet Holdings Limited 487,012,000 (5) Jumbo Wind Limited Starshine Investments Limited 108,000,000 (6) Credit Suisse Trust Limited Widescope TrustTrue Harmony TrustTruepath TrustJumbo Wind Trust Windsorland Trust Elegant Eagle Investments LimitedMagic Flute Holdings LimitedRed Velvet Holdings LimitedStarshine Investments Limited Tarkin Investments Limited True Harmony Limited Credit Suisse Trust Limited True Harmony Limited 935,500,000 (7) Truepath Trust Truepath Limited 775,084,000487,012,000135,872,000152,200,000 Truepath LimitedWidescope Holdings LimitedTrue Harmony Limited (8) Widescope Trust True Harmony Trust 775,084,000 487,012,000135,872,000152,200,000Truepath LimitedWidescope Holdings LimitedTrue Harmony Limited (9) Jumbo Wind Trust Jumbo Wind Limited 108,000,000 149
XV23 10% 150
Red Velvet Holdings Limited Truepath Limited 36.5%Red Velvet Holdings Limited Truepath Trust True HarmonyBest Harvest Far East Limited 73.3% 11.4%Best Harvest Far East Limited Magic Flute Holdings Limited Magic Flute Holdings Limited True Harmony Trust Elegant Eagle Investments Limited Widescope Holdings Limited 10.2%Elegant Eagle Investment Limited Widescope Trust Credit Suisse Trust Limited Truepath TrustTrue Harmony Trust Widescope Trust Truepath LimitedRed Velvet Holdings LimitedTrue HarmonyBest Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings Limited Elegant Eagle Investments Limited 58.1% Truepath LimitedRed Velvet Holdings LimitedTrue HarmonyBest Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings Limited Elegant Eagle Investments Limited Credit Suisse Trust Limited 151
55.1 (i) 20 1010 (ii) 12 (iii) 20 (iv) 10 (v) 80 (vi) 8 66.6% 152
72.0%65.1%69.7%25.3%25.4%28.8% 24.9%5% 84.0% 68.4%51.2%40.7%60.5%43.2% 17.6%14.1%5% 8.10 Truepath LimitedRed Velvet Holdings LimitedTrue HarmonyBest Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings LimitedElegant Eagle Investments Limited (i) (ii) (a)(b) 5%(i) (ii) (i) 30%(ii) 153
200,0002,000,000,0000.0001 100,000,000....................... 10,000 900,000,000......................... 90,000 335,000,000........................... 33,500 1,335,000,000................................................ 133,500 8.08 25% (a) 20% (b) 154
(a) (b) (c) 10% 5. (a) (b) (c) 155
Spears and Associates Spears and Associates 5%0.5% 59.2% 59.0%57.9%70.0% 44.0% 53.4% Spears and Associates 13% 30.0%53.4%9.5%4.4%2.7% 156
(1) 42.3%35.0%28.5% 28.0% (2) 24.1%18.7%21.0%19.7% 66.6%72.0%65.1%70.4%69.7% 82.3%90.6%87.1%88.9%82.3% 2.7 663.9911.5 1,050.4392.0408.5 146.7153.1180.958.5 68.6 (1) (2) 58.5 157
7%26% 3.3% 7.4% 42.1%44.0% 30.0%53.4% Spears and Associates 600 158
193.9273.8264.9 101.098.936.2%38.4% 30.3%30.3%29.5% 32.5%42.6%32.0%31.6%28.7% 33% 25% 24 159
30%20% 20%20%38%38%38%38% (i) (ii) 160
(iii) (iv) 161
......................................................... 1020.................................................. 510......................................................... 57............................................ 310........................ 663,872 911,526 1,050,432 391,979 408,482..... 18,169 (44,630) 4,206 (46) (4,964)............... (193,874) (273,814) (264,852) (101,046) (98,898)........... (99,088) (154,629) (208,952) (77,461) (91,784)........... (17,910) (27,623) (36,400) (14,464) (18,241)............... (33,655) (35,577) (51,228) (23,126) (24,508)............. (18,519) (26,854) (31,542) (15,446) (18,981)............. (15,777) (90,990) (139,410) (48,348) (32,596)........... (58,536) (1,283).................... (97,990) (104,324) (141,321) (53,512) (48,675) (535,349) (713,811) (873,705) (333,403) (334,966).................... 146,692 153,085 180,933 58,530 68,552.................... 665 278 339 234 152.................... (6,087) (5,582) (5,689) (1,855) (3,681)............... (5,422) (5,304) (5,350) (1,621) (3,529)............. 141,270 147,781 175,583 56,909 65,023.................. (45,926) (62,978) (56,140) (17,976) (18,663)............... 95,344 84,803 119,443 38,933 46,360........... 95,344 84, 803 119,509 38,944 47,241.................. (66) (11) (881) 95,344 84,803 119,443 38,933 46,360 162
.................... 110,589 310,162 (1) 343,822 117,079 128,707 (3).................... 245,025 268,420 323,808 (2) 121,332 74,610 (4).................... 308,258 332,944 382,802 153,568 205,165 663,872 911,526 1,050,432 391,979 408,482 (1) 86.4 (2) 40.5 (3) 5.7 (4) 12.2 (1)........................ 270,796 373,735 441,847 160,818 122,674.................. 263,487 357,776 462,137 148,376 218,309...................... 129,589 177,636 91,375 47,253 38,719...................... 2,333 40,549 30,107 17,917........................ 46 14,524 5,425 10,863 663,872 911,526 1,050,432 391,979 408,482 (1) (a)(b) (a) 85.5% (b) 14.5% 177.691.4 86.4 163
(i) (7) (ii) (1) 40.5 148.4218.3 56.7%34.1%41.3%40.7%36.5%....... 89,085 103,680 151,144 66,831 75,953................ 1,462 2,636 4,950 2,137 3,096............. 6,040 10,379 16,187 7,089 11,042..... 33,000 31,000......... 2,501 4,934 5,671 1,404 1,693 99,088 154,629 208,952 77,461 91,784 164
Kaz Batys Munai 165
.................... 13,579 14,569 14,790 6,568 3,898............. 12,147 13,424 13,469 5,060 2,190................ 1,435 3,151 6,902 4,382 1,206.................... 27,161 31,144 35,161 16,010 7,294.................... 8,594 13,823 16,106 5,856 4,443............. 7,417 10,927 13,800 4,864 2,340................ 1,670 3,599 6,007 4,773 1,343.................... 17,681 28,349 35,913 15,493 8,126............... 14,373 11,984 11,871 3,274 5,189.................... 4,116 4,477 11,169 2,239 2,046.................... 11,486 12,950 25,495 6,991 8,793.................... 4,875 3,018 4,690 1,598 5,986........................ 18,298 12,402 17,022 7,907 11,241 97,990 104,324 141,321 53,512 48,675 7.3%10.5%119.7% 1.5%0.3%119.0% 7.07.5 60.9%47.3%111.5%16.5%26.3% 67.0% 166
25% 30%20%20%20%20% 38% 31 167
EBITDA EBITDA.................... 110,589 245,025 308,258 663,872 EBITDA................................ 40,923 25,341 (1) 125,329 191,593 (2) EBITDA................. 37.0% 10.3% (1) 40.7% 28.9% (2).................... 310,162 268,420 332,944 911,526 EBITDA................................ 99,829 51,771 133,583 285,183 EBITDA................. 32.2% 19.3% 40.1% 31.3%.................... 343,822 323,808 382,802 1,050,432 EBITDA................................ 98,759 57,635 141,628 298,022 EBITDA................. 28.7% 17.8% 37.0% 28.4%.................... 117,079 121,332 153,568 391,979 EBITDA................................ 28,641 15,823 56,935 101,399 EBITDA................. 24.5% 13.0% 37.1% 25.9%.................... 128,707 74,610 205,165 408,482 EBITDA................................ 34,147 9,814 77,871 121,832 EBITDA................. 26.5% 13.2% 38.0% 29.8% (1) 58.5 EBITDA 83.934.2% (2) 58.5 EBITDA 250.1 37.7% EBITDA EBITDA........ 191,593 285,183 298,022 101,399 121,832............. (33,000) (31,000)............... 18,169 (44,630) 4,206 (46) (4,964)..... (44,551) (27,614) (58,753) (27,377) (29,335) (26,382) (105,244) (85,547) (27,423) (34,299) 165,211 179,939 212,475 73,976 87,533.................. (18,519) (26,854) (31,542) (15,446) (18,981).................... (6,087) (5,582) (5,689) (1,855) (3,681).................... 665 278 339 234 152.................. 141,270 147,781 175,583 56,909 65,023 168
392.0 16.54.2%408.5 117.1 11.69.9% 128.77.3 5.6 121.3 46.738.5% 74.616.0 117.1 29.0 153.6 51.633.6% 205.2 38.5 9.5 5.0 46,000 25.8 79.5 101.0 2.12.1%98.9 77.5 14.318.5%91.8 169
14.5 3.826.1%18.2 24.5 23.11.46.0% 15.4 3.522.9%19.0 48.3 15.832.6%32.6 1.3 1.3 1.3 53.5 4.89.0%48.7 58.5 10.017.1% 170
68.616.8% 14.9% 1.6 1.9117.7%3.5 18.0 0.73.8%18.7 38.9 7.419.1%46.4 9.9% 11.3% 911.5 138.915.2%1,050.4 310.233.610.9% 343.8(i) 34.219.6 (ii)19.0 268.455.420.6% 323.8(i) 26.8(ii) 25.2(iii) 22.8 332.949.915.0% 382.8(i) 171
11.411.8(ii) 14.5 (iii)12.5 4.2 44.6 273.8 9.03.3%264.9 154.6 54.335.1% 209.0 27.6 8.831.8%36.4 35.6 15.744.0%51.2 26.9 4.717.5%31.5 91.0 48.453.2%139.4 172
104.3 37.035.5%141.3 153.127.818.2% 180.9 17.2%16.8% 5.3 46,0000.9%5.4 63.0 6.810.9%56.1 23.8 42.6% 32.0% 84.8 34.640.8% 119.49.3% 11.4% 663.9 247.737.3%911.5 110.6 199.6180.5% 173
310.2 86.4 68.549.2 245.023.49.5% 268.4 117.1 308.324.78.0% 332.9 18.2 44.6 193.979.941.2% 273.8 99.1 55.556.1%154.6 17.9 9.754.2%27.6 33.7 1.95.7%35.6 174
18.5 8.345.0%26.9 15.8 75.2475.9%91.0 54.6 58.558.5 58.5 10 150200 69.4 98.0 6.36.5%104.3 146.7 6.44.4% 175
153.122.1% 16.8% 5.4 0.12.2%5.3 45.9 17.137.1%63.0 0.6 15.6 32.5%42.6% 10.2 7.62.6 34.4% 95.3 10.511.1% 84.814.4% 9.3% 176
...................... 145,422 150,065 196,433 217,191............................... 243 118 760 644........................ 25,341 32,412 31,826 39,431.................. 2,959 1,832 7,156 9,019 173,965 184,427 236,175 266,285................................... 166,932 193,863 211,065 265,686................ 294,068 340,294 445,142 339,901.................. 37,233 37,436 95,888 87,019.......................... 1,922 12,455 10,694 2,446...................... 106,920 106,512 166,721 83,246 607,075 690,560 929,510 778,298................................. 781,040 874,987 1,165,685 1,044,583................................... 57 68 68 68............................... 28,756 63,937 313,330 151,426.......................... (42,148) (43,534) (15,228) (16,367)............................... 343,920 426,610 303,837 341,570.............. 330,585 447,081 602,007 476,697............................. (57) 27,809................................. 330,585 447,081 601,950 504,506........................ 1,060 434 434 56................................... 105,346 60,000 159,975 292,216.......................... 109,668 108,947 269,210 188,721................ 118,215 108,076 61,114 37,744............................. 116,166 150,449 73,002 21,340 449,395 427,472 563,301 540,021................................. 450,455 427,906 563,735 540,077.......................... 781,040 874,987 1,165,685 1,044,583.......................... 157,680 263,088 366,209 238,277...................... 331,645 447,515 602,384 504,562 177
145.4150.1196.4 217.2 92.4%7.6% (i) (ii) (iii) (iv)................................. 193,040 219,681 218,980 262,357................................. 17,094 15,321 15,688 28,900................................. 15,334 17,397 34,933 32,014 225,468 252,399 269,601 323,271 (1)....................... (58,536) (58,536) (58,536) (57,585) 166,932 193,863 211,065 265,686 (1) 58.5 178
166.9 193.9 211.1 265.7 62.3% 90.7 34.1% 72% 53.5%32.8%13.7% (1)........................... 248 178 180 326 (1) = + /2/ +x 360 180 248178(i) 79.941.2%(ii)75.2 54.6 326(i) (ii) 58.5 10 179
150200 69.4.......................... 294,715 340,048 445,789 341,605.............. (647) (647) (647) (1,704)................... 294,068 339,401 445,142 339,901............................... 893 294,068 340,294 445,142 339,901 294.1340.3 445.1 339.9 172.050.6% 180
4.9 18.921.724.9 6................................ 289,119 321,433 423,486 315,026 61............................. 3,210 5,537 20,142 19,558 12................................. 1,366 12,070 245 5,118 23................................. 978 973 1,314 67 3................................ 42 928 602 1,836.......... 294,715 340,941 445,789 341,605.................. (647) (647) (647) (1,704)...................... 294,068 340,294 445,142 339,901 98.3%94.5% 95.1%92.7%1.0 0.3% (1)........ 129 125 135 173 (1) = + / 2 / x 360180 125135 173 220.0 312.6328.3265.5 153.357.8% 0.9 181
......... 5,264 11,083 46,535 58,207.................... 11,293 17,417 22,339 1,287...................... 20,676 8,936 27,014 27,751. (226)...................... 31,969 26,353 49,353 28,812 37,233 37,436 95,888 87,019............ 6,500......... 2,959 1,832 7,156 2,519 2,959 1,832 7,156 9,019............................... 40,192 39,268 103,044 96,038 5.311.1 46.5 58.2 11.3 17.422.3 8.98.1 1.3 7.32.7 8.02.9 43,355 6.5 23.2 182
............................. 5,753 6,269 10,180 1,259............................. 4,767 5,071 8,148 21............................... 71 79 4 4............................... 2 198 3 3.............. 700 5,800 4,004 11,293 17,417 22,339 1,287 6................................ 33,724 22,728 64,867 63,251 6 1............................ 3,098 3,126 20,066 25,792 12................................. 3,111 11,814 6,011 3,148 23................................. 198 1,507 10,813 2,561 3................................ 61 93 1,287 1,512...................... 40,192 39,268 103,044 96,264.................. (226)...................... 40,192 39,268 103,044 96,038 109.7 108.9 108.9 269.2(i) (7) (ii) 188.7 36.819.5% 183
............................... 88,575 80,251 245,239 112,451.......................... 15,839 10,850 9,989 64,112............................... 4,046 16,575 3,413 6,124............................... 361 1,271 10,483 2,653............................... 847 86 3,381 109,668 108,947 269,210 188,721 80.8%73.7%91.1%59.6% 1.3 10.5 8.5 3.3 (1)................... 86 74 107 185 (1) = + / 2/ x 360180 8674 107 (i) (ii) 185(i) (ii) 184
........................ 15,965 16,406 883 1,860............................... 17,493 17,493............................... 3,432 86 789 181................................... 43,571 45,949 8,594 4,811.......................... 80,461 79,934 10,266 6,852.................... 26,996 1,007 2,333 5,201........................ 8,884 10,079 9,492 13,341 (1)................. 1,874 17,056 39,023 12,350.......................... 37,754 28,142 50,848 30,892 118,215 108,076 61,114 37,744 (1) 118.2 108.1 (i) (ii) 108.1 61.1 (7) 61.1 37.7 14.9........................ 9,764 9,441 453 447........................ 6,201 6,916 430 430.......................... 49 Sinopetroleum International Limited...... 983 15,965 16,406 883 1,860 1.0 Sinopetroleum International Limited 185
............................... 78,759 50,760 59,645 35,505............................... 12,488 18,220 1,445 1,333............................... 14,337 12,135 24 906............................... 12,631 26,961 118,215 108,076 61,114 37,744 66.6%47.0%97.6%94.1% 186........................ 166,932 193,863 211,065 265,686 317,627..... 294,068 340,294 445,142 339,901 357,419....... 37,233 37,436 95,888 87,019 131,106............. 1,922 12,455 10,694 2,446 1,382........... 106,920 106,512 166,721 83,246 77,053 607,075 690,560 929,510 778,298 884,587........................ 105,346 60,000 159,975 292,216 349,383............... 109,668 108,947 269,210 188,721 191,770..... 118,215 108,076 61,114 37,744 44,723.................. 116,166 150,449 73,002 21,340 28,112 449,395 427,472 563,301 540,021 613,988............... 157,680 263,088 366,209 238,277 270,599 265.7 317.6 87.0 131.1 292.2349.4
21.0 20 10 10.................. (16,781) 98,146 67,858 23,040 (17,541)....... (75,935) (51,768) (88,508) (34,437) (54,776).................. 94,265 (44,401) 82,791 3 (10,440)... 106,920 106,512 166,721 94,732 83,246 17.5 65.0 (i) 78.5(ii)68.7(iii)54.6 (x)104.2(y) 18.8 67.9 175.6(i) 184.7(ii)70.9(iii) 69.5(x)162.2(y) 187
31.4(z)31.0 98.1 147.8(i) 46.2(ii)37.4(iii)26.9 (iv)32.4(x) 44.5(y)33.0(z) 26.7 16.8 141.3(i) 113.3(ii)103.8(iii)50.1 (x)58.5(y) 29.9(y)26.2 54.8 53.1 6.54.8 88.5 98.5 10.8 51.8 62.8 11.0 75.9 111.5 35.6 10.4 (i)126.3(ii) 158.0258.5 82.8 (i)214.5(ii) 8.0(x)114.5(y) 15.2(z)9.9 188
44.4 110.365.0 94.3 125.3(x)22.0 (y)10.0 12.................. 23,000 80,000 110,000 110,000.................. 37,000 37,000 79,975 13,199 102,171.......... 68,346.............. 35,000 25,000.............. 134,017 132,504 105,346 60,000 159,975 292,216 369,675 105.360.0160.0 292.2369.7 37.0 60.0160.0 123.2 212.2 70.8 102.2 189
19.0 83.2 5.3% 7.5%5.3% 5.3% 6.1%5.3% 7.6%6.1% 8.5% 10,000,000 China Renaissance Capital Investment IncCRIC CRIC18% 35.0 7.28% 25.015.0 10.0 132.5 68.010.2 2010 2.5 (i)(ii) 10 190
...................... 282 354 4,636 1,700 31.9%13.4%26.6%57.9% (1) 100% 31.9%13.4% CRIC 13.4% 26.6%100.0 26.6%57.9% 134.0................................. 1,884 9,542 11,126 18,631...................... 2,670 23,026 24,754 19,918............................... 749 639 5,303 33,207 35,880 38,549 111.562.898.553.1 (1) 134.0 31.4% 191
5% 5% 5%............... (244) 3,913 (508) 213 (2,908) 5%............... 244 (3,913) 508 (213) 2,908 5%............... (4,377) (6,231) (4,346) (4,412) (4,350) 5%............... 4,377 6,231 4,346 4,412 4,350 5%............... (239) (437) (524) (417) (222) 5%............... 239 437 524 417 222 66.6%72.0%65.1%70.4%69.7% 192
220.0 312.6328.3265.5...................... 24,402 36,372 91,372 30,361.......................... 69,260 30,184 50,517 35,789.................... 41,568 33,605 15,751................................... 15,180 10,843 1,921 3,791................................... 108,842 118,967 177,415 85,692 13.1313.19 13.1313.19 (1)..................................... 177.0 217.1 (2).................................. 0.13 0.16 (1) II3 (2) 1,335,000,000 1,335,000,000100,000,000 900,000,000335,000,000 193
(1) (2) (3) 1.23.... 476,053 283,148 759,201 0.57 0.70 1.63.... 476,053 392,411 868,464 0.65 0.80 (1) 476.1 476.70.6 (2) 1.231.63 (3) (2) 1,335,000,000 47.1 194
5.07........... 47,668........................................... (19,909)........................ 27,779..................................... 457............... 27,322........................ 19,778........... 47,100 195
1.43 414.2 35%145.0 100.0 20%82.8 20%82.8 10.0 15%62.1 10%41.4 1.431.231.63 71.9 77.177.1 196
(a) (i) SARSH5N1 (ii) 197
(iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (1) (2) (3) (4) (b) (i) 198
(ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) 50,250,000 (xiv) 199
(xv) (xvi) (xvii) 10.08 (I) (II) (III) (I)(II) (IV) (II)(III) 200
10.07Truepath LimitedRed Velvet Holdings Limited True Harmony LimitedBest Harvest Far East LimitedMagic Flute Holdings Limited Widescope Holdings LimitedElegant Eagle Investments Limited Credit Suisse Trust Limited Truepath TrustWidescope Trust True Harmony Trust (i) (ii) (i) 10.07(2)10.07 155 Truepath LimitedRed Velvet Holdings LimitedTrue Harmony LimitedBest Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings Limited Elegant Eagle Investments Limited Credit Suisse Trust Limited Truepath TrustWidescope Trust True Harmony Trust Truepath Limited (i) (A) 201
(B) (C)(A)(B)(D) (A)(B)(C)(A)(B) (C) (ii) (i)(a)(b)(c) (iii) (i)(a)(b)(c) Truepath LimitedRed Velvet Holdings LimitedTrue Harmony LimitedBest Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings Limited Elegant Eagle Investments Limited Credit Suisse Trust Limited Truepath TrustWidescope Trust True Harmony Trust 12 (i) 155 (ii) 30 202
50,250,00015% 3.5% 5 64.81.43 1.231.63 203
335,000,000301,500,000S 144A33,500,000 335,000,000 25.1% 33,500,000 10% 2.5% 204
16,750,00016,750,000 5 5 16,750,000 (i)1550(ii)50 100(iii)100 100,500,000(i)134,000,000(ii) 167,500,000(iii) 30%40%50% 16,750,000 1.63 1.63 205
301,500,000 90%22.6% S 144A 3050,250,000 15% 3.6% 206
1.631.23 1.631%0.003%0.005% 2,0003,292.86 1.63 481.21.63 347.21.23 563.11.63409.01.23 207
50,250,000 15% (i)(ii)(iii) (iv)(v)(vi)(ii)(iii)(iv) (v) 208
Truepath Limited 10.07(3)Truepath Limited 50,250,000 (i) (ii) Truepath Limited (iii) Truepath Limited (a) (b) (iv) (v) Truepath Limited (i) (ii) 209
(iii) (iv) 30 155 (i) (ii) 210
9A www.spt.cn www.hkexnews.hk 1. 1992 2. 146 8227 126 848 1912 7119 18127 3. 4-4A 10 2325 3 211
eipo eipo eipo www.eipo.com.hkeipo eipo (www.eipo.com.hk) eipo 1. www.eipo.com.hkeipo eipo (www.eipo.com.hk) 212
S 146 8227 126 848 1912 7119 18127.................... 68.......... 38 40A 4 4A 1027 66 70 B1 63 0709 10 2325 G37 40 G047 G052 213
(a) 1992 (b) (a) (b) (c) (d) (e) (a) (i) (b) (i) (ii) 214
(c) (i) (ii) (d) (i) (ii) 2. eipo (i) www.eipo.com.hk eipo (www.eipo.com.hk) eipo (www.eipo.com.hk) (ii) eipo www.eipo.com.hk eipo (iii) www.eipo.com.hk eipoeipo (www.eipo.com.hk) (iv) eipo eipo (www.eipo.com.hk) www.eipo.com.hk (v) eipo (www.eipo.com.hk) eipo eipo (vi) eipo (www.eipo.com.hk) 2,000 2,000 www.eipo.com.hk 215
(vii) www.eipo.com.hk eipo 24 www.eipo.com.hk eipo (viii) www.eipo.com.hk eipo (www.eipo.com.hk) eipo www.eipo.com.hk (ix) eipo eipo (www.eipo.com.hk) (x) eipo (www.eipo.com.hk) eipo eipo (www.eipo.com.hk) eipo eipo www.eipo.com.hk eipo2 eipo (www.eipo.com.hk) eipo (www.eipo.com.hk) 216
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7. 8. www.spt.cnwww.hkexnews.hk www.spt.cnwww.hkexnews.hk 24 www.iporesult.com.hk www.iporesult.com.hk www.spt.cn www.iporesult.com.hk 2862 8669 9. 220
eipo eipo eipo 40 221
eipo eipo www.eipo.com.hk 16,750,000 10. (a) (1) 222
(ii) (iii) (b) (i) (ii)(iii) 1% 0.003%0.005% eipo (c) 1,000,000 183171712 1716 1,000,0001,000,000 223
(d) 1,000,000 1,000,000 1,000,000 (e) eipo www.eipo.com.hk eipo 1,000,000 183171712 1716 224
eipo 1,000,000 www.eipo. com.hk eipo eipo eipo eipo 11. 2,0001251 12. 225
3.340 IIII II1(b) II 1(c) II1(c) I-1
3.340 III II3 2410 II3 I-2
I. 2(a) (a) II.............. 7 145,422 150,065 196,433 217,191....................... 8 243 118 760 644.............. 19 25,341 32,412 31,826 39,431.......... 12 2,959 1,832 7,156 9,019 173,965 184,427 236,175 266,285........................... 10 166,932 193,863 211,065 265,686........ 11 294,068 340,294 445,142 339,901.......... 12 37,233 37,436 95,888 87,019................ 13 1,922 12,455 10,694 2,446.............. 13 106,920 106,512 166,721 83,246 607,075 690,560 929,510 778,298......................... 781,040 874,987 1,165,685 1,044,583........................... 14 57 68 68 68....................... 15 28,756 63,937 313,330 151,426.................. (42,148) (43,534) (15,228) (16,367)....................... 343,920 426,610 303,837 341,570...... 330,585 447,081 602,007 476,697..................... (57) 27,809......................... 330,585 447,081 601,950 504,506 I-3
(a) II.............. 19 1,060 434 434 56........................... 16 105,346 60,000 159,975 292,216.................. 17 109,668 108,947 269,210 188,721........ 18 118,215 108,076 61,114 37,744..................... 116,166 150,449 73,002 21,340 449,395 427,472 563,301 540,021......................... 450,455 427,906 563,735 540,077.................. 781,040 874,987 1,165,685 1,044,583.................. 157,680 263,088 366,209 238,277.............. 331,645 447,515 602,384 504,562 (b) II.............. 9 33,877 276,286 276,286.......... 12 57 68 7,837 13,086.............. 13 1,536 1,666 901 57 1,604 9,503 13,987......................... 57 35,481 285,789 290,273........................... 14 57 68 68 68....................... 15 33,000 276,899 276,899....................... (2) (738)......................... 57 33,068 276,965 276,229........ 18 2,413 8,824 14,044......................... 2,413 8,824 14,044.................. 57 35,481 285,789 290,273.......... 57 (809) 679 (57).............. 57 33,068 276,965 276,229 I-4
(c) II................ 663,872 911,526 1,050,432 391,979 408,482....... 20 18,169 (44,630) 4,206 (46) (4,964)....... (193,874) (273,814) (264,852) (101,046) (98,898)... 21 (99,088) (154,629) (208,952) (77,461) (91,784)... (17,910) (27,623) (36,400) (14,464) (18,241)....... (33,655) (35,577) (51,228) (23,126) (24,508)..... (18,519) (26,854) (31,542) (15,446) (18,981)..... (15,777) (90,990) (139,410) (48,348) (32,596)... (58,536) (1,283)............ (97,990) (104,324) (141,321) (53,512) (48,675) (535,349) (713,811) (873,705) (333,403) (334,966)............ 22 146,692 153,085 180,933 58,530 68,552............ 23 665 278 339 234 152............ 23 (6,087) (5,582) (5,689) (1,855) (3,681)....... (5,422) (5,304) (5,350) (1,621) (3,529)..... 141,270 147,781 175,583 56,909 65,023.......... 24 (45,926) (62,978) (56,140) (17,976) (18,663)....... 95,344 84,803 119,443 38,933 46,360.......... 95,344 84,803 119,509 38,944 47,241..... (66) (11) (881) 95,344 84,803 119,443 38,933 46,360.......... 27 1.14 0.86 1.20 0.39 0.47 (d) II....... 95,344 84,803 119,443 38,933 46,360... (22,360) (1,386) (9,409) (473) (1,123).......... 72,984 83,417 110,034 38,460 45,237.......... 72,984 83,417 110,094 38,471 46,102..... (60) (11) (865) 72,984 83,417 110,034 38,460 45,237 I-5
(e) II... 10,961 (19,788) 279,611 270,784 (1,968) 268,816........ 95,344 95,344 95,344..... (22,360) (22,360) (22,360)........ (22,360) 95,344 72,984 72,984..... 14 57 57 57... 15 10,377 10, 377 10, 377.......... 15 460 (2,428) (1,968) 1,968........ 15 6,958 (6,958)............ 25 (21,649) (21,649) (21,649)........ 57 17,795 (31,035) (13,183) 1,968 (11,215).............. 57 28,756 (42,148) 343,920 330,585 330,585........ 84,803 84,803 84,803..... (1,386) (1,386) (1,386)........ (1,386) 84,803 83,417 83,417..... 14 11 11 11.......... 15 945 945 945.......... 1521 33,000 33,000 33,000... 15 2,113 (2,113)... 15 (877) (877) (877).............. 11 35,181 (2,113) 33,079 33,079.............. 68 63,937 (43,534) 426,610 447,081 447,081 I-6
(e) II... 68 63,937 (43,534) 426,610 447,081 447,081.......... 119,509 119,509 (66) 119,443... (9,415) (9,415) 6 (9,409)........ (9,415) 119,509 110,094 (60) 110,034............ 15 8,000 8,000 3 8,003............ 1521 31,000 31,000 31,000..... 15 (9,939) (9,939) (9,939). 15 7,433 (7,433)........ 15 212,899 212,899 212,899........ 2(b) 37,721 (234,849) (197,128) (197,128). 249,393 37,721 (242,282) 44,832 3 44,835.............. 68 313,330 (15,228) 303,837 602,007 (57) 601,950 I-7
(e) II... 68 313,330 (15,228) 303,837 602,007 (57) 601,950........ 47,241 47,241 (881) 46,360. (1,139) (1,139) 16 (1,123)........ (1,139) 47,241 46,102 (865) 45,237........ 15 15,357 15,357..... 15 (3,866) (9,508) (13,374) 13,374.......... 15 (158,038) (158,038) (158,038). (161,904) (9,508) (171,412) 28,731 (142,681)..... 68 151,426 (16,367) 341,570 476,697 27,809 504,506... 68 63,937 (43,534) 426,610 447,081 447,081........ 38,944 38,944 (11) 38,933. (473) (473) (473)........ (473) 38,944 38,471 (11) 38,460........ 15 3 3. 3 3....... 68 63,937 (44,007) 465,554 485,552 (8) 485,544 I-8
(f) II..... 28(a) 35,014 143,729 141,289 77,435 64,808............ (2,290) (8,446) (4,225) (1,605) (4,008)............ 604 233 339 234 152.......... (50,109) (37,370) (69,545) (53,024) (78,493)... (16,781) 98,146 67,858 23,040 (17,541).............. (111,507) (62,751) (98,532) (44,253) (53,052)..... 35,598 10,989 10,828 9,829 4,833..... (6,500)....... (26) (6) (804) (13) (57).......... (75,935) (51,768) (88,508) (34,437) (54,776)....... 125,346 65,000 214,516 40,000 258,506............ (22,000) (110,346) (114,541) (40,000) (126,265)..... 28(b) (15,248).............. 877 945 8,003 3 15,357............ (9,958)....... (9,939) (158,038)... 94,265 (44,401) 82,791 3 (10,440)... 1,549 1,977 62,141 (11,394) (82,757)....... 109,269 106,920 106,512 106,512 166,721.......... (3,898) (2,385) (1,932) (386) (718)....... 106,920 106,512 166,721 94,732 83,246 I-9
II. 1. (a) Scotia Centre, 4th Floor, PO Box 2804, George Town, Grand Cayman KY-1112, Cayman Islands (b) 1(c) (i) 50,000 500,000,0000.0001 (ii) 1,000,000 1,000,000 (iii) CNEC Limited Liability PartnershipM-Techservice Limited Liability Partnership FD Services Limited Liability Partnership (iv) Pioneer Petrotech Services Inc. Enecal Canada Corporation North America Holding (Netherlands) B.V. (v) Pioneer Petrotech Services Inc (vi) 95% (vii) Sinopetroleum International LimitedNational Energy Corp.Canadian National Energy Corp. North Resources Corp. I-10
(c).......................................... M-Tech service Limited Liability Partnership...... CNEC Limited Liability Partnership...... FD Services Limited Liability Partnership...... Pioneer Petrotech Services Inc...... Enecal Canada Corporation............ SPT Oil Field Service Inc. Limited......... DFW Oil Mechanical Services LLC.... PT. Enecal Indonesia....... Enecal PTE. Limited......... 10,000,000 10,000,000 15,600,000 1,000,000 1,000,000 43,220,000 87,200 100,000 110,000 95% 95% 95% 100% 100% 100% 100% 100% 100% 15 100% 86 100% 1,000,000 100% 100,000 100% 10,000 100% 1,000,000 3,550,000 100% 63.2% (b)(i) (b)(i) (b)(ii) (b)(iii) (b)(iv) (b)(v) (a) (a) (a) (a) (a) (b)(vi) (b)(vii) (a) (b)(viii) (b)(ix) I-11
OS Services (Kazakhstan) Limited Liability Partnership............... NE TKM Hyzmat Limited......... Dowell LLP....... MGD Services LLP............ HY Oil Technology Service LLP..... 151,800 10,000,000 10,000,000 70% 142,500 500,000 151,800 151,800 100% 100% 100% 100% 100% 100% (a) (a) (a) (a) (a) (a) (a) (a) (b) (i) (ii) (iii) (iv) (v) (vi) M Square Certified Public Accountant Limited (vii) M Square Certified Public Accountant Limited (viii) Trisno, Hendang, Adams & Rekan Registered Public Accountants (ix) Audit Alliance (c) 2. (a) 3.340 I-12
(b) 294,852 290,239 312,903 171,192 131,186 115,775 22,209 37,167 45,792 197,128,00028(b) 3. 3.1 5 I-13
(a) 1 7 7 (b) 9 9 13 13 13 3.2 (i) I-14
3.7 (ii) 3.3 3.4 (i) (ii) I-15
(iii) 3.5..................................................................................................................................................................................................... 1020 510 57 310 3.7 I-16
3.6 3.7 3.8 12 3.8.1 I-17
(i) (ii) 3.9 3.10 3.8.1 3.11 3.12 I-18
3.13 3.14 3.15 I-19
3.16 (a) (b) (c) 3.17 (i) I-20
(ii) (iii) (iv) (v) 3.18 (i) (ii) 3.19 4. 4.1 (a) (i) I-21
5% 5%............... (244) 3,913 (508) 213 (2,908) 5%............... 244 (3,913) 508 (213) 2,908 5%............... (4,377) (6,231) (4,346) (4,412) (4,350) 5%............... 4,377 6,231 4,346 4,412 4,350 5%............... (239) (437) (524) (417) (222) 5%............... 239 437 524 417 222 (ii) (b) 67%72%65%70%70% 10% 219,993,000 312,603,000328,311,000265,533,000 I-22
...................... 24,402 36,372 91,372 30,361.......................... 69,260 30,184 50,517 35,789.............. 41,568 33,605 15,751................................... 15,180 10,843 1,921 3,791................................... 108,842 118,967 177,415 85,692 (c)............................... 110,438 61,165 164,238 296,719.......................... 109,668 108,947 269,210 188,721................ 80,461 79,934 10,266 6,852................................... 300,567 250,046 443,714 492,292 (d) 50% I-23
................................. 105,346 60,000 159,975 292,216................................. 330,585 447,081 601,950 504,506.......................... 31.9% 13.4% 26.6% 57.9% 26.6% 57.9%134 (e) 5. (a) (b) (c) I-24
6. (a)........................ 110,589 310,162 343,822 117,079 128,707........................ 245,025 268,420 323,808 121,332 74,610........................ 308,258 332,944 382,802 153,568 205,165 663,872 911,526 1,050,432 391,979 408,482 EBITDA I-25
(b).................... 110,589 245,025 308,258 663,872 EBITDA................................ 40,923 25,341 125,329 191,593............................. (3,421) (9,170) (5,928) (18,519)............................. (12,192) (5,257) (38,817) (56,266).......................... (58,536) (58,536)................................. 148,439 186,895 245,680 581,014................... 21,607 47,874 60,228 129,709.................... 310,162 268,420 332,944 911,526 EBITDA................................ 99,829 51,771 133,583 285,183............................. (10,221) (8,621) (8,012) (26,854)............................. (31,217) (15,032) (43,744) (89,993)................................. 161,334 302,715 223,404 687,453................... 22,266 19,269 23,901 65,436.................... 343,822 323,808 382,802 1,050,432 EBITDA................................ 98,759 57,635 141,628 298,022............................. (11,419) (10,837) (9,286) (31,542)............................. (23,735) (12,718) (35,965) (72,418)................................. 278,430 308,856 292,130 879,416................... 30,410 28,640 33,858 92,908 I-26
.................... 128,707 74,610 205,165 408,482 EBITDA................................ 34,147 9,814 77,871 121,832............................. (7,231) (5,609) (6,141) (18,981)............................. (7,726) (1,207) (20,588) (29,521)...................... (1,057) (1,057)................................. 263,835 257,665 343,083 864,583................... 14,798 8,578 23,588 46,964.................... 117,079 121,332 153,568 391,979 EBITDA................................ 28,641 15,823 56,935 101,399............................. (5,593) (5,064) (4,789) (15,446)............................. (7,281) (3,399) (16,471) (27,151)................................. 206,958 310,775 171,435 689,168................... 8,883 9,206 11,652 29,741 EBITDA EBITDA........ 191,593 285,183 298,022 101,399 121,832.. (33,000) (31,000)............... 18,169 (44,630) 4,206 (46) (4,964)..... (44,551) (27,614) (58,753) (27,377) (29,335) (26,382) (105,244) (85,547) (27,423) (34,299) 165,211 179,939 212,475 73,976 87,533.................. (18,519) (26,854) (31,542) (15,446) (18,981).................... (6,087) (5,582) (5,689) (1,855) (3,681).................... 665 278 339 234 152.................. 141,270 147,781 175,583 56,909 65,023 I-27
...................... 581,014 687,453 879,416 864,583................ 25,341 32,412 31,826 39,431...................... 30,915 7,970 20,519 17,046... 34,928 28,185 56,509 37,831.................. 1,922 12,455 10,694 2,446................ 106,920 106,512 166,721 83,246 200,026 187,534 286,269 180,000.................. 781,040 874,987 1,165,685 1,044,583 (c)........................ 270,796 373,735 441,847 160,818 122,674.................. 263,487 357,776 462,137 148,376 218,309...................... 129,589 177,636 91,375 47,253 38,719...................... 2,333 40,549 30,107 17,917........................ 46 14,524 5,425 10,863 663,872 911,526 1,050,432 391,979 408,482................................... 53,787 65,652 75,050 79,266............................. 83,940 72,721 109,039 130,044................................. 10,897 11,494 13,474 10,865................................. 525 485................................... 2,148 6,261 6,194 148,624 152,015 204,349 226,854 I-28
7.................................... 11,725 40,473 19,847 21,135 8,829 102,009............................... (580) (12,844) (7,615) (6,004) (27,043)............................... 11,145 27,629 12,232 15,131 8,829 74,966........................... 11,145 27,629 12,232 15,131 8,829 74,966................................... 17,230 78,820 9,055 10,095 14,483 129,683.......................... 11,627 647 (12,274)................................. (1,731) (8,787) (4,231) (3,522) (18,271)............................... (586) (3,971) (448) (20) (5,025)................................... (7,872) (24,834) (2,509) (716) (35,931)........................... 29,813 68,857 14,099 21,615 11,038 145,422................................... 32,124 90,488 25,945 31,141 11,038 190,736............................... (2,311) (21,631) (11,846) (9,526) (45,314)............................... 29,813 68,857 14,099 21,615 11,038 145,422........................... 29,813 68,857 14,099 21,615 11,038 145,422................................... 4,816 45,577 5,451 8,428 1,158 65,430.......................... 4,246 2,535 (6,781)................................. (2,353) (13,621) (4,598) (7,032) (27,604)............................... (1,710) (17,789) (1,582) (940) (22,021)................................... (242) (8,951) (288) (1,681) (11,162)........................... 34,570 76,608 13,082 20,390 5,415 150,065................................... 39,234 111,860 29,526 36,948 5,415 222,983............................... (4,664) (35,252) (16,444) (16,558) (72,918)............................... 34,570 76,608 13,082 20,390 5,415 150,065........................... 34,570 76,608 13,082 20,390 5,415 150,065................................... 1,672 63,275 14,263 12,517 377 92,104.......................... 215 (215)................................. (2,623) (16,666) (4,677) (7,467) (31,433)............................... (179) (1,444) (127) (72) (1,822)................................... (11,285) (268) (928) (12,481)........................... 33,440 110,703 22,273 24,440 5,577 196,433................................... 40,727 162,621 43,394 48,465 5,577 300,784............................... (7,287) (51,918) (21,121) (24,025) (104,351)............................... 33,440 110,703 22,273 24,440 5,577 196,433 I-29
........................... 33,440 110,703 22,273 24,440 5,577 196,433................................... 10,416 31,766 389 4,336 46,907.......................... 5,577 (5,577)................................. (1,573) (11,066) (2,451) (3,765) (18,855)............................... (172) (1,055) (171) (217) (1,615)................................... (2,958) (6) (2,715) (5,679)........................... 47,688 127,390 20,034 22,079 217,191................................... 56,548 190,374 43,606 49,869 340,397............................... (8,860) (62,984) (23,572) (27,790) (123,206)............................... 47,688 127,390 20,034 22,079 217,191................................... 39,234 111,860 29,526 36,948 5,415 222,983............................... (4,664) (35,252) (16,444) (16,558) (72,918)............................... 34,570 76,608 13,082 20,390 5,415 150,065........................... 34,570 76,608 13,082 20,390 5,415 150,065................................... 973 18,990 7,820 1,782 163 29,728................................. (1,302) (8,066) (2,171) (3,801) (15,340)............................... 30 295 40 669 1,034................................... (9,685) (106) (49) (9,840)........................... 34,271 78,142 18,665 18,991 5,578 155,647................................... 40,237 121,460 37,280 39,350 5,578 243,905............................... (5,966) (43,318) (18,615) (20,359) (88,258)............................... 34,271 78,142 18,665 18,991 5,578 155,647 16,135,00015,144,000 16 I-30
8............................................................... 1,731.......................................................... (1,266).......................................................... 465..................................................... 465.............................................................. 26............................................................ (248)..................................................... 243.............................................................. 1,757.......................................................... (1,514).......................................................... 243..................................................... 243.............................................................. 6............................................................ (131)..................................................... 118.............................................................. 1,763.......................................................... (1,645).......................................................... 118..................................................... 118.............................................................. 804............................................................ (162)..................................................... 760.............................................................. 2,567.......................................................... (1,807).......................................................... 760..................................................... 760.............................................................. 57............................................................ (173)..................................................... 644.............................................................. 2,624.......................................................... (1,980).......................................................... 644 I-31
.............................................................. 1,763.......................................................... (1,645).......................................................... 118..................................................... 118.............................................................. 13............................................................ (96)..................................................... 35.............................................................. 1,776.......................................................... (1,741).......................................................... 35 9......................... 33,877 64,877 64,877 (a)................... 211,409 211,409 33,877 276,286 276,286 (a) 285,144,000 1,490,000283,654,000 2(b) 211,409,000211,409,000 1212,899,000 212,899,00015(d) 72,245,000 17 10.................................. 193,040 219,681 218,980 262,357................................. 17,094 15,321 15,688 28,900................................. 15,334 17,397 34,933 32,014 225,468 252,399 269,601 323,271........................ (58,536) (58,536) (58,536) (57,585) 166,932 193,863 211,065 265,686 193,874,000273,814,000264,852,000101,046,000 98,898,000 I-32
951,000 11........................... 294,715 340,048 445,789 341,605 (a)............ (647) (647) (647) (1,704)................... 294,068 339,401 445,142 339,901 (d)............................. 893 294,068 340,294 445,142 339,901 (a)................... (647) (647) (647) (647) (647)..................... (1,057)................... (647) (647) (647) (647) (1,704) (b) (c) 4,949,000 18,861,00021,656,00024,875,000 1.................................... 3,893 11,572 20,265 22,117 12..................................... 525 6,522 780 2,593 23..................................... 510 304 611 100 3.................................... 21 463 65 4,949 18,861 21,656 24,875 6.................................... 289,119 321,433 423,486 315,026 61................................. 3,210 5,537 20,142 19,558 12..................................... 1,366 12,070 245 5,118 23..................................... 978 973 1,314 67 3.................................... 42 928 602 1,836................ 294,715 340,941 445,789 341,605.......................... (647) (647) (647) (1,704).......................... 294,068 340,294 445,142 339,901 I-33
(d) (e)..................................... 161,004 162,582 274,719 147,418............................ 97,324 95,505 102,048 121,882....................................... 33,553 77,889 59,772 66,771................................... 2,187 4,318 8,603 3,830 294,068 340,294 445,142 339,901 (f) (g) (h) 8,120,00012,601,0002,830,000981,000 144,429,00018,091,000 16 12.......... 5,264 11,083 46,535 58,207 31............ 11,293 17,417 22,339 1,287...................... 20,676 8,936 27,014 27,751.......... (226)...................... 31,969 26,353 49,353 28,812 37,233 37,436 95,888 87,019............ 6,500......... 2,959 1,832 7,156 2,519 2,959 1,832 7,156 9,019............................... 40,192 39,268 103,044 96,038 I-34
(a) 6................................ 33,724 22,728 64,867 63,251 61............................. 3,098 3,126 20,066 25,792 12................................. 3,111 11,814 6,011 3,148 23................................. 198 1,507 10,813 2,561 3................................ 61 93 1,287 1,512...................... 40,192 39,268 103,044 96,264.................. (226)...................... 40,192 39,268 103,044 96,038 (b) (c)................................. 21,813 27,237 48,377 43,565................................... 1,046 2,366 35,534 36,942........................ 16,428 9,327 17,196 13,808................................... 905 338 1,937 1,723 40,192 39,268 103,044 96,038 (d) (e)...................................... (226).................. (226)......... 7,769 13,018.................... 51 61 61 61...................... 6 7 7 7...................... 57 68 68 68............................... 57 68 7,837 13,086 I-35
13. (a)....................... 1,922 12,455 10,694 2,446........................ 410 1,392 729 638........................ 106,510 105,120 165,992 82,608 106,920 106,512 166,721 83,246 108,842 118,967 177,415 85,692 (a) (b)..................................... 29,616 31,046 99,191 26,595....................................... 58,044 29,014 37,411 35,185................................... 3,817 5,292 4,114 4,196............................ 14,796 50,427 34,130 18,256....................................... 2,569 3,188 2,569 1,460 108,842 118,967 177,415 85,692 1,536,000 1,666,000 901,000......................................... 1,536 1,666 822......................................... 79 1,536 1,666 901 14. 0.0001...... 500,000 345 I-36
50,000 500,000,0000.0001200,0002,000,000,000 0.0001 0.0001............................. 0.0001....................... 84,000 57................................. 84,000 57....................................... 84,000 57 0.0001....................... 16,000 11................................. 100,000 68..................................... 100,000 68 900,000,000 90,000 900,000,000 I-37
15. (a)................................... 13,739 13,807 11,868 (148,895) (b)......................... 33,000 64,000 64,000 (c)................................... 15,017 17,130 24,563 23,422 (d)................................... 212,899 212,899 28,756 63,937 313,330 151,426 (b)......................... 33,000 64,000 64,000 (d)................................... 212,899 212,899 33,000 276,899 276,899 (a)........................................................ 2,902........................................... 10,377.............................................................. 460.................................................. 13,739........................................... 945................................. (877).................................................. 13,807........................................... 8,000................................. (9,939).................................................. 11,868................................. (158,038)........................................................ (2,725)...................................................... (148,895) (1)(2) (b) 5,000,0005% 2,560,0002.56% I-38
11.17%18.66% 43.3%20% 11.69%18.84% 13.9%20% (c) 10%50% 25% 10%........................................................ 8,059......................................................................... 6,958.................................................. 15,017......................................................................... 2,113.................................................. 17,130......................................................................... 7,433.................................................. 24,563...................................................... (1,141)...................................................... 23,422 (d) 2(b)9(a) 211,409,000 211,409,0001 1,490,000212,899,000 16. (a)................................................................... 23,000 80,000 110,000................................ 37,000 37,000 79,975 13,199 (b)........................... 68,346 (c)............................. 35,000 31 (d).................... 134,017 105,346 60,000 159,975 292,216 (a) (i) 12 (ii)................. 5.31%7.47% 5.31% 5.31%6.12% 5.31%7.57% I-39
(iii) *... 37,000 37,000 **............. 79,975 13,199 37,000 37,000 79,975 13,199 * 16,135,00015,144,000 37,000,00037,000,000 7 ** 79,975,000 13,199,000 144,429,00018,091,000 11 (iv) (v)................. 25 369 (b) China Renaissance Capital Investment Inc. CRCI CRCI 10,000,00068,346,000 (a)(b) CRCI 18% (c) 7.28% (d) 68,000,00066,017,000 (e) () 2010 2.5 I-40
17. (a) 6................................ 88,575 80,251 245,239 112,451 61............................. 15,839 10,850 9,989 64,112 12................................. 4,046 16,575 3,413 6,124 23................................. 361 1,271 10,483 2,653 3................................ 847 86 3,381 109,668 108,947 269,210 188,721 (b) 72,245,000 6,076,00031(3) (c) (d)................................. 55,674 57,453 109,796 102,152................................... 28,125 28,647 107,351 29,353............................... 1,226 864 2,239 3,582........................ 24,572 21,304 49,260 53,131................................... 71 679 564 503 18. 109,668 108,947 269,210 188,721 31................ 15,965 16,406 883 1,860 31...................... 17,493 17,493............................... 3,432 86 789 181................................... 43,571 45,949 8,594 4,811.......................... 80,461 79,934 10,266 6,852.................... 26,996 1,007 2,333 5,201........................ 8,884 10,079 9,492 13,341 (b)......... 1,874 17,056 39,023 12,350........................ 37,754 28,142 50,848 30,892 118,215 108,076 61,114 37,744 I-41
1................................ 78,759 50,760 59,645 35,505 12................................. 12,488 18,220 1,445 1,333 23................................. 14,337 12,135 24 906 3................................ 12,631 26,961 118,215 108,076 61,114 37,744 (a) (b) (c)......................... 49,847 61,096 40,276 14,321........................... 58,350 29,974 6,065 9,048....................... 3,066 279 370 70................ 6,683 15,414 12,371 11,718........................... 269 1,313 2,032 2,587 118,215 108,076 61,114 37,744........................ 877 877 877...................... 1,536 7,947 13,167.......................... 2,413 8,824 14,044 19. 12........ 21,532 18,782 21,776 24,814 12............ 3,809 13,630 10,050 14,617 25,341 32,412 31,826 39,431 12........ (1,047) (434) (434) (56) 12............ (13) (1,060) (434) (434) (56) 24,281 31,978 31,392 39,375 I-42
.................. 6,461 24,281 31,978 31,978 31,392 24.................. 17,962 8,675 (461) 1,079 8,168................... (142) (978) (125) 28 (185).................. 24,281 31,978 31,392 33,085 39,375 *....... 7,538 35 7,573............. 14,634 2,995 281 17,910..... (142) (142)........... 14,634 10,391 316 25,341..... 6,623 (2,023) 3,449 8,049..... (978) (978)........... 6,623 14,634 7,390 3,765 32,412..... (6,397) 6,350 (414) (461)..... (125) (125)........... 226 14,634 13,615 3,351 31,826............. 478 83 4,519 2,710 7,790..... (185) (185)..... 704 14,717 17,949 6,061 39,431....... 6,623 14,634 7,390 3,765 32,412..... (1,717) 2,871 (75) 1,079....... 28 28............... 4,906 14,634 10,289 3,690 33,519 * I-43
............... 206 906 1,112............. 841 (893) (52)......... 1,047 13 1,060................... (613) (13) (626)......... 434 434.............................. 434 434................... (378) (378)............. 56 56............... 434 434....................... 434 434 (a) 792,000 1,560,0001,595,000917,0001,682,000 4,636,0009,025,000 7,750,0004,511,0005,132,000 (b) 10% 13,741,000 43,958,000127,495,000121,699,000 687,000 2,198,0006,375,0006,085,000 20........ 18,285 (44,583) 4,704 232 (4,340)........................ (116) (47) (498) (278) (624) 18,169 (44,630) 4,206 (46) (4,964) I-44
21............ 89,085 103,680 151,144 66,831 75,953.................... 1,462 2,636 4,950 2,137 3,096.................. 6,040 10,379 16,187 7,089 11,042......... 33,000 31,000............. 2,501 4,934 5,671 1,404 1,693 99,088 154,629 208,952 77,461 91,784 22....................... 332 172 1,653 11 846............. 839 2,285 9,517 1,832 902........................ 18,271 26,723 31,380 15,350 18,808............... 248 131 162 96 173.................. 942 1,307 2,063 1,047 1,277 23...... 604 233 339 234 152..... 61 45.................... 665 278 339 234 152................. (2,282) (3,268) (4,928) (1,520) (3,400)............... (3,435) (1,832).................. (370) (482) (761) (335) (281)............... (6,087) (5,582) (5,689) (1,855) (3,681)............... (5,422) (5,304) (5,350) (1,621) (3,529) 24..................... 63,888 71,653 55,679 19,055 26,831.................... (17,962) (8,675) 461 (1,079) (8,168).................. 45,926 62,978 56,140 17,976 18,663 I-45
a. b. 20%30% c. 16.5% d. 10% e. 25% i. 12.5%25% ii. f. 30%20%20%20%20% g. 38%............. 141,270 147,781 175,583 56,909 65,023...................... 40,618 34,023 41,410 13,959 13,809....... (12,322) (7,679) (406) (84)... 7,621 10,243 12,512 2,373 3,172...................... 792 1,560 1,595 917 1,682..... 9,217 24,831 1,029 811.................. 45,926 62,978 56,140 17,976 18,663 I-46
25......................... 21,649 26. (a)............. 293 559 1,489 774 919.................... 460 460 710....... 97 97 105 51 52 850 1,116 2,304 825 971 I-47
............. 121 230 48 399............. 121 230 49 400............. 51 51 293 460 97 850............. 122 230 48 400............. 122 230 49 401............. 315 315 559 460 97 1,116............. 587 230 52 869............. 587 230 53 870............. 315 250 565 1,489 710 105 2,304............. 379 26 405............. 379 26 405............. 161 161 919 52 971............. 308 25 333............. 308 26 334............. 158 158 774 51 825 (b) I-48
............. 3,098 3,022 5,008 3,010 4,418.................... 460 2,122 1,947......... 29,700 31,000....... 196 197 132 51 3,754 35,041 38,087 3,061 4,418 I-49 1,000,000 866,000........ 4 4 3 1,000,0011,500,000 866,000 1,299,000........ 1 1 1,500,0012,000,000 1,299,000 1,731,000........ 1 2,000,0012,500,000 1,731,000 2,164,000........ 1 4,500,001 5,000,000 3,896,000 4,328,000............. 3 7,500,0018,000,000 6,493,000 6,926,000........ 1 8,000,0018,500,000 6,926,000 7,358,000........ 4 11,500,00112,000,000 9,955,000 10,388,000....... 1 17,500,00118,000,000 15,150,000 15,583,000....... 1 5 5 5 5 5 7,922,000
27......... 95,344 84,803 119,509 38,944 47,241... 84,000 98,667 100,000 100,000 100,000.......... 1.14 0.86 1.20 0.39 0.47 14900,000,000 28. (a).............. 141,270 147,781 175,583 56,909 65,023........................ 18,271 26,723 31,380 15,350 18,808.................. 332 172 1,653 11 846 8............. 248 131 162 96 173.................... 58,536 1,283 2023.................. (18,346) 44,538 (4,704) (232) 4,340 23................ (604) (233) (339) (234) (152) 23............ 5,717 5,100 4,928 1,520 3,400 15...... 33,000 31,000......................... (103,838) (26,931) (17,202) 8,139 (54,621)...... (113,273) (46,226) (184,735) 4,848 104,185........ (9,060) (192) (70,935) (20,517) 8,643................ 29,903 2,784 162,228 9,455 (68,740)...... 26,202 (32,385) 10,509 (2,448) (26,628).............. (344) (10,533) 1,761 4,538 8,248................ 35,014 143,729 141,289 77,435 64,808 I-50
(b) 2 197,128,000........................................... 79,886........................................... 217,769................................................. 15,248..................................................... (187)........................................... (52,008)........................................................ (63,580) 197,128............... 15,248 29. 30. (a)...................... 282 354 4,636 1,700 (b) 1.................................. 1,884 9,542 11,126 18,631 15...................... 2,670 23,026 24,754 19,918............................... 749 639 5,303 33,207 35,880 38,549 I-51
31. (1) (i) (ii) (iii) * Sinopetroleum International Limited ** * ** Sinopetroleum International Limited 2(a) (2) (a).................. 19,036 1,014 5,798 3,730.................. 5,297 736 7,859 3,451.................... 79 7 4,028.................... 195... 1,656 10,120 4 4 26,068 12,072 17,689 7,185 I-52
(b).................. 11,096 416 4,370 1 37,087.................. 7,983 8,222 3,637 30,913.................... 3 Sinopetroleum International Limited......... 66,017 19,079 8,638 8,010 1 134,017 (c) 79,975,00013,199,000 16 (d) (3) Sinopetroleum International Limited...... 72,245 6,076........................ 5,753 6,269 10,180 1,259........................ 4,767 5,071 8,148 21.......................... 71 79 4 4.......................... 2 198 3 3.......... 700 5,800 4,004 11,293 17,417 22,339 1,287........................ 9,764 9,441 453 447........................ 6,201 6,916 430 430.......................... 49 Sinopetroleum International Limited...... 983 15,965 16,406 883 1,860........................ 37,087........................ 30,913 Sinopetroleum International Limited...... 66,017 134,017........................ 5,802 5,802........................ 9,958 9,958.......................... 1,733 1,733 17,493 17,493 I-53
(4)............. 3,391 5,055 8,299 3,607 6,198.................... 920 2,834 3,000 230......... 16,500 20,102....... 207 240 251 121 106 4,518 24,629 31,652 3,728 6,534 III. I-54
A. 1 2 3 6 1.23............ 476,053 283,148 759,201 0.57 0.70 1.63............ 476,053 392,411 868,464 0.65 0.80 (1) 476,053,000 476,697,000 644,000 (2) 1.231.63 (3) (2) 1,335,000,000 (4) 19.8 1.2 (5) (6) 0.81541.00 II-1
B. 1............................................... 2............................................... 177.0 217.1 0.13 0.16 (1) II3 (2) 1,335,000,000 1,335,000,000 100,000,000900,000,000 335,000,000 II-2
C. II 1II 2 II 1II 2 4.29 7 4.29(7) 300 4.29(1) II-3
Public Company Accounting Oversight Board (United States) a) b) c) 4.29(1) II-4
A. III-1
B. 3.341 III-1 II3 III-2
C. 1 46 Terence Keyes III-3
1 16 5 12 IV-1
Grata Law Firm LLP 12 34 IV-2
123.162 83 B7 MSc., M.H.K.I.S., M.R.I.C.S 23 IV-3
1. 24,600,000 100 24,600,000 2. 9,700,000 100 9,700,000 3. 70 24 8,400,000 100 8,400,000 4. 1 1 17C 2,000,000 100 2,000,000 44,700,000 44,700,000 IV-4
5. Aktyubinsk Oblast, Temir Region, Kenkiyak Rural Settlement, Neftyannikov Street 8a, Aktobe City, the Republic of Kazakhstan 260,000 100 260,000 6. Dariger Ali Street, Kyzylorda City, the Republic of Kazakhstan 2,140,000 100 2,140,000 2,400,000 2,400,000 IV-5
IV-6 7. 83 B78 8. 4 B1265 9. 54 3308-2 10. 54 3308-1 11. 321 611 12. 6 3 13. 4668 8 14. 4668 9
15. 4668 10 16. 4668 5 17. 4668 44 18. 4668 13009 19. 7-1-201 20. 19-2-2602 21. 4-4-302 22. 18-2-602 23. 22-1-2001 24. 5-2-101 25. 4-2-101 IV-7
26. 27. 11-3-102 28. 13-3-202 29. 17-4-302 30. 29-3-301 31. 13-1-302 32. 18-1-401 33. 28-1-201 34. 1-2-501 35. 1183-402 36. 17207 IV-8
37. 1262-402 38. 1202-401 39. 171707 40. 339202 41. 591105 42. 59607 43. 58708 44. 581108 45. 7-6-502 46. 9-5-201 47. 4-4-102 IV-9
48. 3-3-101 49. 4-4-201 50. 2-2-1202 51. 7-301 52. 374-401 IV-10
53. 33, Ubi Avenue 3, #03-32, Vertex Building, Singapore 54. Bays 1 to 8, 1431 40th Ave N.E. McCall 40 th Avenue Business Park, Calgary, Canada 55. Suite 315, Menara Utara Plaza Kuningan, Jalan H R. Rasuna Said Kav C11-14, Karet Setiabudi, Jakarta, Indonesia 56. LB191105 Jebel Ali Free Zone, Dubai, United Arab Emirates 57. G/F Bratislava Str. 9A, Iakasarai District, Tashkent City, Uzbekistan 58. Room 14 in the Ahal Hotel,Prospekt Archibal 35, Ashkhabad, Turkmenistan 59. Room 14a in the Ahal Hotel, Prospekt Archibal 35, Ashkhabad, Turkmenistan 60. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan IV-11
61. 10 th Floor of Business-Centre Dastan, Bokenbai Batyr Street No. 2, Aktobe City, the Republic of Kazakhstan 62. 2 nd Floor of Business-Centre Dastan, Bokenbai Batyr Street No. 2, Aktobe City, the Republic of Kazakhstan 63. Portion of 7 th Floor of Business-CentreDastan, Bokenbai Batyr Street No. 2, Aktobe City, the Republic of Kazakhstan 64. No. 1 Kyhaeba Street, Aktobe City, the Republic of Kazakhstan 65. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 26 66. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 1 67. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 68. No. 39 Gogol Street, Almaty City, the Republic of Kazakhstan 601604 IV-12
69. No. 121 Naimanbayeva Street, Almaty City, the Republic of Kazakhstan 70. No. 29A Mangystau Oblast, Aktau City, the Republic of Kazakhstan 71. No. 26 Mangystau Oblast, Aktau City, the Republic of Kazakhstan 35 72. No. 26A Mangystau Oblast, Aktau City, the Republic of Kazakhstan 73. Mahambeta Street, Altyrau City, the Republic of Kazakhstan 14 74. Michurina Street, Kyzylorda City, the Republic of Kazakhstan 47,100,000 47,100,000 IV-13
1. 103,560.23 9,768.82 20 13,200 24,600,000 (1) (2007)402103,560.23 (2) 2007014020070146200802402008024320090290 9,768.82 (3) 652822050000564 43,220,000 (4) (i) (ii) (iii) 103,560.239,768.82 (5) IV-14
2. 152,235.27 2,103.04 9,700,000 (1) (2007)120152,235.27 (2) 200902892,103.04 (3) 652822050000564 43,220,000 (4) (i) (ii) 152,235.272,103.04 (iii) (5) IV-15
3. 70 24 24 2,668.80 8,400,000 (1) 24(2010)00102372(2010)00102395 625.32 (2) 242,668.80 2010021510................. 111.26 2010021512................. 111.18 2010021513................. 111.18 2010021527................. 111.26 2010021564................. 111.26 2010021565................. 111.18 2010021566................. 111.18 2010021567................. 111.18 2010021568................. 111.18 2010021569................. 111.26 2010021570................. 111.18 2010021571................. 111.18 2010021572................. 111.18 2010021573................. 111.18 2010021574................. 111.18 2010021575................. 111.18 2010021577................. 111.26 2010021580................. 111.26 2010021581................. 111.18 2010021583................. 111.18 2010021584................. 111.18 2010021586................. 111.18 2010021587................. 111.18 2010021588................. 111.18........................... 2,668.80 (3) 652822050000564 43,220,000 (4) (i) (ii) (iii) 625.322,668.80 IV-16
(5) IV-17
4. 1 1 17C 3117 179.61 2,000,000 (1) (2005)00169939.61 (2) (2005)015326179.61 (3) 110108001164208 10,000,000 (4) (i) (ii) 9.61179.61 (iii) (5) IV-18
5. Aktyubinsk Oblast, Temir Region, Kenkiyak Rural Settlement, Neftyannikov Street 8a, Aktobe City, the Republic of Kazakhstan 2,588 127.80 260,000 6,020,000 (1) (i) M-Tech Service Limited Liability Partnership (ii) 02-031-005-14412,588 0185073 (iii) (iv) M-Tech Service Limited Liability Partnership IV-19
6. Dariger Ali Street, Kyzylorda City, the Republic of Kazakhstan 1,556 477.10 2,140,000 49,570,000 (1) (i) CNEC Limited Liability Partnership (ii) 10-156-010-8941,556 0114253 (iii) (iv) CNEC Limited Liability Partnership IV-20
7. 83 B78 78 4,500.81 7,326,868.56 7,688,283.60 8. 4 B1265 597 840,000 IV-21
9. 54 3 308-2 3 15 18,067.50 10. 54 3 308-1 11. 32 1 611 3 37 44,566.50 6 305.07 401,761.92 IV-22
12. 6 3 3 15 9,600 13. 4668 8 14. 4668 9 1,776 426,240 1,952 468,480 IV-23
15. 4668 10 16. 4668 5 17. 4668 44 1,952 468,480 1,776 490,176 1, 680 362,880 IV-24
18. 4668 1 3009 3 20 650 19. 7-1-201 2 136 36,960 20. 19-2-2602 26 135.75 42,000 IV-25
21. 4-4-302 3 99.15 30,000 22. 18-2-602 6 135.69 37,800 23. 22-1-2001 20 133.71 32,760 IV-26
24. 5-2-101 1 120 36,000 25. 4-2-101 1 102 30,000 IV-27
26. 3 3 980 110,000 130,000 27. 11-3-102 1 98 11,915.00 IV-28
28. 13-3-202 2 96.00 10,398.60 29. 17-4-302 3 96.86 13,431.54 30. 29-3-301 3 121.8 13,431.54 IV-29
31. 13-1-302 3 96 12,998.27 32. 18-1-401 4 95.93 12,998.30 33. 28-1-201 2 82.23 10,831.90 IV-30
34. 1-2-501 5 100.56 9,098.80 35. 118 3-402 36. 17 207 4 75 16,247.90 2 93.64 14,298.10 IV-31
37. 126 2 402 4 82.21 14,081.50 38. 120 2 401 4 82.21 10,397.00 39. 17 1707 17 95 15,164.64 IV-32
40. 339 202 2 135.22 21,663.80 41. 59 1105 42. 59 607 11 134.64 25,996.50 6 134.64 21,663.80 IV-33
43. 58 708 7 101 12,998.28 44. 58 1108 11 101 16,897.75 IV-34
45. 7-6-502 5 72 8,448.90 46. 9-5-201 2 97 12,995.40 IV-35
47. 4-4-102 1 115 15,598.00 48. 3-3-101 49. 4-4-201 1 103.99 11,915.10 2 96.7 12,998.30 IV-36
50. 2-2-1202 12 70 14,081.50 51. 7-301 52. 37 4-401 3 89 9,098.80 4 80 11,924.20 IV-37
53. 33,Ubi Avenue 3, #03-32 Vertex Building, Singapore 54. Bays 1 to 8, 1431 40 th Ave N.E. McCall 40 th Avenue Business Park, Calgary, Canada 55. Suite 315, Menara Utara Plaza Kuningan, Jalan H R. Rasuna Said Kav C11-14, Karet Setiabudi, Jakarta, Indonesia 3 208 Enecal Pte Ltd. 3,833.00 1,645.67 Pioneer Petrotech Services Inc. 9,964.13 3 60 P.T. Enecal Indonesia 540.00420.00 IV-38
56. LB191105, JAFZA Views Jebel Ali Free Zone, Dubai, United Arab Emirates 11 68.9 SPT Oil Field Service Inc. Limited 158,470.00 57. Bratislava Str. 9A, Iakasarai District, Tashkent City, Uzbekistan 10 Pioneer Petrotech Services Inc. 58. Room 14, Ahal Hotel, Prospekt Archibal 35, Ashkhabad, Turkmenistan 154.7 SINOPETROLEUM TEKNOLOJI INK 2,475.00 IV-39
59. Room 14a, Ahal Hotel, Prospekt Archibal 35, Ashkhabad, Turkmenistan 64 NE TKM Hyzmat Ltd. 1,025.00 60. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 5,593 595.80 M-Tech Service Limited Liability Partnership 8,222.00 IV-40
61. 10 th Floor of Business- Centre Dastan, Bokenbai Batyr Street No. 2, Aktobe City, the Republic of Kazakhstan 62. 2 nd Floor of Business- Centre Dastan, Bokenbai Batyr Street No. 2, Aktobe City, the Republic of Kazakhstan 63. Portion of 7 th Floor of Business- Centre Dastan, Bokenbai Batyr Street No. 2, Aktobe City, the Republic of Kazakhstan 10 350 M-Tech Service Limited Liability Partnership 1,531,390 2 354 M-Tech Service Limited Liability Partnership 1,189,440 7 175 M-Tech Service Limited Liability Partnership 708,750 IV-41
64. No. 1 Kyhaeba Street, Aktobe City, the Republic of Kazakhstan 2 48.04 M-Tech Service Limited Liability Partnership 330,000 65. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 26 66. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 1 450 M-Tech Service Limited Liability Partnership 5,550,000 960 M-Tech Service Limited Liability Partnership 11,850,000 IV-42
67. Aktyubinsk Oblast, Magalzharskii region, Field Camp Zhanazhol, Aktobe City, the Republic of Kazakhstan 68. No. 39 Gogol Street, Almaty City, the Republic of Kazakhstan 601604 69. No. 121 Naimanbayeva Street, Almaty City, the Republic of Kazakhstan 600 M-Tech Service Limited Liability Partnership 6 223 FD Services Limited Liability Partnership 1,100,000 332.80 FD Services Limited Liability Partnership 4,300.00 IV-43
70. No. 29A Mangystau Oblast, Aktau City, the Republic of Kazakhstan 3 1,043.1 M-Tech Service Limited Liability Partnership 2,000,000 71. No. 26 Mangystau Oblast, Aktau City, the Republic of Kazakhstan 35 72. No. 26A Mangystau Oblast, Aktau City, the Republic of Kazakhstan 3 80 M-Tech Service Limited Liability Partnership 160,000 400 OS Technology Services Limited Liability Partnership 200,000 IV-44
73. Mahambeta Street, Altyrau City, the Republic of Kazakhstan 14 74. Michurina Street, Kyzylorda City, the Republic of Kazakhstan 5 76 OS Technology Services Limited Liability Partnership. 130,000 1,542.30 CNCE Limited Liability Partnership 2,000,000 IV-45
1. (a) (b) 2. (a) (i) (ii) 4 V-1
(b) (i) (ii) (iii) (iv) V-2
(v) (aa) (bb) (cc) (dd) V-3
5% (ee) (ff) (vi) V-4
(vii) 77 (aa) (bb) (cc) (6) (dd) (ee) (ff) (gg) (hh) V-5
(viii) (ix) 30 (x) (c) (d) V-6
(e) (a) (b)(c) (d)(e) (f)(g) (h) (f) 21 95% 21 15 (g) V-7
(i) (ii) (iii) (iv) (h) 15 (i) 21 V-8
21 (j) 21 14 (i) (ii) 95% (aa) V-9
(bb) (cc) (dd) (ee) (ff) 20% (gg) (k) V-10
30 (l) (m) (n) (i) (ii) (aa) (bb) V-11
20 (o) V-12
(p) 20 20 14 14 20 (q) (r) V-13
(s) 3(f) (t) (i) (ii) (u) (i) 12 (ii) 123(iii)3 V-14
(iii) (v) 3. (a) (b) (i) (ii) (iii) 37 (iv) (v) V-15
(c) (d) 37A(1)(a) (b)(c) 37A(1) V-16
(e) 3437A(7) 34 2(n)37A(7)(c) (f) Foss v. Harbottle (i) (ii) (iii) (g) (h) 59(i)(ii) (iii) V-17
59 (i) (j) 6 (i) (ii) (aa) (bb) 6(3) (k) (l) (m) (n) V-18
(o) (i)(ii)(iii) (i)(b) (p) 75% V-19
(q) 90% (r) 4. Appleby V-20
1. A. SPT Energy, Inc. 1533 XI B. (1) 50,000500,000,000 Offshore Incorporations (Cayman) Limited Offshore Incorporations (Cayman) Limited 0.0001 0.0001 (2) 0.00550 0.004848 (3) 0.005151 Truepath Limited0.004949 Widescope Holdings Limited (4) 4,827.9549 Truepath Limited 48,279,5491,491.7551 Widescope Holdings Limited 14,917,551555.78 Windsorland Limited 5,557,8001,142 Jumbo Wind Limited 11,420,000382.5 Skycharm Limited 3,825,000 (5) 1,600 True Harmony Limited 16,000,000 (6) Truepath Limited 57.84578,400 Widescope Holdings Limited (7) Windsorland Limited 31.62316,200 Widescope Holdings Limited (8) Jumbo Wind Limited 62620,000 Widescope Holdings Limited (9) Widescope Holdings Limited 22220,000 True Harmony Limited112.51,125,000 Skycharm Limited1501,500,000 Heroic Time Investment Limited (10) True Harmony Limited 1001,000,000 Truepath Limited VI-1
(11) 200,0000.0001 2,000,000,000 (12) 90,00090,000,000 Widescope Holdings Limited 122,284,800 True Harmony 136,980,000 Truepath Limited 438,310,800 Jumbo Wind Limited 97,200,000 Windsorland Limited 47,174,400 Skycharm Limited 44,550,000 Heroic Time Investments Limited 13,500,000 (13) 1,335,000,000 (14) 1,385,250,000 (15) (16) C. (1) (2) (a) 500,000,0002,000,000,000 VI-2
(b) 90,000 900,000,000 Widescope Holdings Limited.............................. 122,284,800 True Harmony.......................................... 136,980,000 Truepath Limited........................................ 438,310,800 Jumbo Wind Limited..................................... 97,200,000 Windsorland Limited..................................... 47,174,400 Skycharm Limited....................................... 44,550,000 Heroic Time Investments Limited........................... 13,500,000 (c) 385,250,000 (d) (3) (i) 20% (ii)(4) (a) (b) (c) (4) VI-3
10% (a) (b) (c) (5) (3) (4) 10% 2. 3. (1) 5,000,000 5,000,000 10,000,0005,000,000 82.5%17.5% 1,750,000 82.5%17.5% 4,363,200 3,636,8002,000,000 10,000,00054.54%45.46% 8,438,397.84 51.81%7,034,441.28 43.19% 95%2.73%2.27% 10,000,000 VI-4
1,000,000 736,236.04 30% 30%70% 77,758,137.48 51.815%64,807,201.91 43.185% 95% 2.73%2.27% (2) OS Technology OS TechnologyOS Netherlands CNEC CNEC BVI 100 CNEC CNEC Netherlands FD Services 100 FD Services FD Netherlands M-Tech 100 M-Tech M-Tech Netherlands MGD Services MGD ServicesSPT Netherlands HY Technology HY TechologyHY Netherlands Dowell Kazakhstan Dowell Kazakhstan 100% Dowell Netherlands100 (3) 1,000,000 NAH Netherlands Enecal 500,000 Enecal NAH Netherlands VI-5
(4) Constant Way Limited 70%30% (5) NE TKM Netherlands NE TKM Netherlands122,000 SPT Luxembourg 122,000 SPT TKM Netherlands SPT TKM Netherlands122,000 SPT Luxembourg 122,000 Dowell Netherlands Dowell Netherlands NAH Netherlands NAH NetherlandsSPT Luxembourg (6) (7) Enecal PTE Enecal PTE300,000 300,000 Enecal PTE50,000 300,000 (8) NE TKM NE TKM NE TKM Netherlands SPT Netherlands51%49% VI-6
(9) DFW DFW SPT Netherlands 4. (a) 10,000,000 (2.27%) (2.73%) (95%) (b) 10,000,000 (2.27%) (2.73%) (95%) (c) 1,000,000 (d) 15,600,000 (2.3%) (2.7%) (95%) VI-7
(e) 1,000,000 (30%) (70%) (f) 43,220,000 (32.97%) (67.03%) (g) 10,000,000 (82.5%) (17.5%) (h) 10,000,000 5. (A) (1) (2) VI-8
(3) 10% 10% 30 25% 25% (4) (5) (6) 30 (7) VI-9
(B) 1,335,000,000 135,000,000 (i) (ii) (iii) (C) (D) (E) 26 VI-10
6. (A) (1) Creative Access LimitedWide Ease LimitedSky Elect Limited Enecal PTE(a) 300,000300,000 Enecal PTE Enecal PTE (b)(1) Enecal PTE (1) Enecal PTE Creative Access LimitedWide Ease Limited Sky Elect Limited Enecal PTE Enecal PTE (2) FD Netherlands 100 FD Services FD Netherlands (3) M-Tech Netherlands 100 M-Tech M-Tech Netherlands (4) CNEC BVI CNEC Netherlands CNEC BVI 100 CNEC CNEC Netherlands (5) NAH Netherlands 100,000 Enecal A Enecal 20% NAH Netherlands (6) NAH Netherlands 196,000 Enecal A Enecal 39.2% NAH Netherlands (7) NAH Netherlands 204,000 Enecal A Enecal 40.8% NAH Netherlands (8) NAH Netherlands 200,000 A 20% NAH Netherlands (9) NAH Netherlands 392,000 A 39.2% NAH Netherlands (10) NAH Netherlands 408,000 A 40.8% NAH Netherlands (11) Creative Access LimitedWide Ease LimitedSky Elect LimitedWell Rejoice Limited Enecal PTE (a)50,000300,000 Enecal PTE VI-11
Enecal PTE (b) Creative Access LimitedWide Ease LimitedSky Elect Limited Well Rejoice Limited 1,000,00050,000 Enecal PTE Enecal PTE Creative Access LimitedWide Ease LimitedSky Elect Limited Well Rejoice Limited (12) 736,236.0430% (13) 1,000,000 (14) Dowell Netherlands 100 Dowell Kazakhstan Dowell Netherlands (15) 77,758,137.48 51.815% (16) 64,807,201.91 43.185% (17) 8,438,397.8451.81% (18) 7,034,441.2843.19% (19) (i) Sinopetroleum International LimitedNational Energy Corp.CNEC BVI North Resources Corp.(ii) (iii) 212,899,290 212,899,290 (20) (i)(ii) Sinopetroleum International LimitedNational Energy Corp.CNEC BVI North Resources Corp.(iii) 212,899,290 1.00 (21) VI-12
(20)(21) (22) 17.5% 1,750,000 (23) Truepath LimitedRed Velvet Holdings LimitedTrue Harmony Best Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings LimitedElegant Eagle Investments Limited Truepath LimitedRed Velvet Holdings LimitedTrue HarmonyBest Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings LimitedElegant Eagle Investments Limited (24) Truepath LimitedRed Velvet Holdings LimitedTrue Harmony Best Harvest Far East LimitedMagic Flute Holdings LimitedWidescope Holdings LimitedElegant Eagle Investments Limited (25) VI-13
(B) (a) 9 3160688 9 3606222 42 3150843 4 3606471 7 3606470 7 3150841 9 3150842 42 301867663 VI-14
(b) PDMS V5.0 2004SRBJ0108 PPS2500 V2.20 2006SRBJ2654 PPS2500 V2.20 2009SRBJ0715 PPS2600 V2.0 2009SRBJ0723 RCH V1.0 PLS V2.0 2006SRBJ2512 2008SRBJ0959 VI-15
c ZL200720095491.8 10 ZL200720095492.2 10 ZL200820094041.5 10 ZL200820075356.1 10 ZL200820074763.0 10 ZL200820079086.1 10 ZL200820079087.6 10 ZL200820080196.X 10 ZL200820080197.4 10 ZL200820108600.X 10 ZL200820108599.0 10 ZL200820108598.6 10 VI-16
ZL200920110800.3 10 ZL200920110799.4 10 ZL 200620012579.4 10 ZL 200620122595.9 10 ZL 200620131391.1 10 ZL 200610111707.5 20 ZL200610008265.1 20 ZL200610103469.3 20 ZL200820124669.1 10 ZL200820183514.5 10 ZL200820183513.0 10 ZL200820124665.3 10 VI-17
ZL200820124672.3 10 ZL200820124671.9 10 ZL200820124670.4 10 ZL200820124668.7 10 ZL200920172899.X 10 ZL200920172900.9 10 VI-18
200810104964.5 201010126029.6 200610079123.4 200810239777.8 200810239778.2 201010245966.3 201010245968.2 201110043345.1 201110043332.4 201110043341.3 201110043343.2 VI-19
(d) spt.com.cn spt.cn sinopetroleum.com sinopetroleum.com.cn sinopetroleum.cn enecal.com.cn northresources.com sptenergy.com.cn sptenergy.cn sptenergy.net sptenergy.hk.. cn.. cn.. cn.. cn.com pse.cn pse.com.cn 7. (A) XV(a) XV78 (b)xv352 (c) 1............... 775,084,000 58.1% 2............... 775,084,000 58.1% 1. Truepath Trust (1) VI-20
2. Widescope Trust True Harmony Trust (1) (B) XV23 XV23 10% Widescope Holdings Limited..... 135,872,000 10.2% Elegant Eagle Investments Limited 135,872,000 10.2% 1.................... True Harmony................. 152,200,000 11.4% Best Harvest Far East limited 152,200,000 11.4% 2.................... Magic Flute Holdings Limited 152,200,000 11.4% 3.................... Truepath Limited............... 487,012,000 36.5% Red Velvet Holdings Limited 487,012,000 36.5% 4.................... Jumbo Wind Limited............ 108,000,000 8.1% Starshine Investments Limited 108,000,000 8.1% 5.................... Credit Suisse Trust Limited 935,500,000 70.1% 6.................... 7............... 775,084,000 58.1% 8............... 775,084,000 58.1% 9........... 108,000,000 8.1% (1) Windscope Holdings Limited Elegant Eagle Investments Limited 135,872,000 (2) Best Harvest Far East Limited True Harmony 73.3%152,200,000 (3) Best Harvest Far East Limited Majic Flute Holdings Limited Best Harvest Far East Limited 152,200,000 (4) Truepath Limited Red Velvet Holdings Limited 487,012,000 (5) Jumbo Wind Limited Starshine Investments Limited 108,000,000 (6) Credit Suisse Trust Limited Widescope TrustTrue Harmony Trust Truepath TrustJumbo Wind Trust Windsorland Trust Elegant Eagle Investments LimitedMagic Flute Holdings LimitedRed Velvet Holdings LimitedStarshine Investments Limited Tarkin Investments Limited True Harmony Limited Credit Suisse Trust Limited True Harmony Limited 935,500,000 (7) Truepath Trust Truepath Limited Widescope Holdings Limited True Harmony Limited 487,012,000135,872,000 152,200,000775,084,000 (8) Widescope Trust True Harmony Trust Truepath LimitedWidescope Holdings Limited True Harmony Limited 487,012,000135,872,000152,200,000775,084,000 (9) Jumbo Wind TrustJumbo Wind Trust108,000,000 XV VI-21
23 10% (C) (i) (a) (b) (c) (ii) 300,000 (iii) (D) (i) 2.3 (ii) 2.3 (iii) (E) (1) XV (a)xv78 (b) XV352(c) VI-22
(2) (3) (4) (5) (6) (7) 5% 8. (i) (iii) (ii) (a) (b)(1) (2) (6) VI-23
(iii) (iv) (i) (ii) (1) 1 (v) (a) (b) (c) (vi) (a) 10% 133,500,000(b) (b) (d)(a) 10% 10% VI-24
(c) (d) 10% (d) 30% (vii) (viii) (a) 1% (b) 1% (ix) (a) (b) (1) 0.1% (2) 5,000,000 VI-25
(x) 14 14 (xi) (a) (b) (c) (xii) (xiii) (xiv) (a) VI-26
(b) (xiii)(c) (c) (d) (i)(ii) (b) (xv) VI-27
(xvi) (xvii) (xv) (xviii) (xix) (1) (2) (xiv)(a)(xiv)(b) (3) (xvi) (4) (xvii) VI-28
(5) (xv) (6) (xiv)(c) (7) (8) (xiv)(c) (9) (xxii) (xx) (xxi) (xxii) (xxiii) (xxiv) 17.03 VI-29
9. (A) (i) 111 35 (ii) (a) (b) (c) (d) (e) () Red Velvet Holdings LimitedMagic Flute Holdings LimitedElegant Eagle Investments Limited(i)(ii)(iii) VI-30
(iv) (B) (C) (D) 79,060 (E) VI-31
(F) Appleby Spears and Associates 1 45 6 79 (G) ApplebySpears and Associates (H) 44A 44B (I) 3.5% 5 (J) 31 (K) (L) 4 VI-32
(M) (1) (a) (b) (c) (d) (2) Spears and Associates Appleby (a) (b) (3) (4) VI-33
(a) (b) (c) 14 1533 (a) (b) (c) (d) (e) (f) Appleby (g) (h) (i) (j) (k) (l) (m) Spears and Associates, Inc. VII-1