HONG KONG, Feb. 12, 2018 /CNW/ -- CNOOC Limited (the
"Company" or "CNOOC", SEHK: 00883, NYSE: CEO, TSX: CNU) is pleased
to announce that the Company will become a component of the Hang
Seng China Enterprises Index ("HSCEI"), effective from 5 March 2018.
The move comes after Hang Seng Indexes Company Limited recently
announced the results of its quarterly review of the Hang Seng
Family of Indexes ended 29 December
2017. CNOOC has been selected to join the HSCEI as
constituent. The inclusion is another positive signal that the
capital market further recognizes the Company's stock performance
and market value.
Prior to this announcement, CNOOC has been included as
constituents in the Hang Seng Index, Hang Seng Index - Commerce
& Industry, Hang Seng China-Affiliated Corporations Index, Hang
Seng Global Composite Index and Hang Seng Stock Connect Hong Kong
Index, etc.
Mr. Yuan Guangyu, CEO of CNOOC, said: "This inclusion reflects
investor confidence in the Company, and it proves the market has
great expectations for us. We will strive to pursue valued growth,
improve production efficiency and bring better returns for our
shareholders."
Mr. Yang Hua, Chairman of CNOOC,
said: "Management will focus on fundamental business operation and
fulfill our commitment to the market. We will carry out our
established business objectives and strategies as always. We remain
committed to corporate strategy and will continue to make progress
to create greater value for our shareholders."
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Notes to Editors:
More information about the Company is available at
http://www.cnoocltd.com.
*** *** *** ***
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, including statements regarding expected future
events, business prospectus or financial results. The words
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify such
forward-looking statements. These statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, as well as other
factors the Company believes are appropriate under the
circumstances. However, whether actual results and developments
will meet the expectations and predictions of the Company depends
on a number of risks and uncertainties which could cause the actual
results, performance and financial condition to differ materially
from the Company's expectations, including but not limited to those
associated with fluctuations in crude oil and natural gas prices,
the exploration or development activities, the capital expenditure
requirements, the business strategy, whether the transactions
entered into by the Group can complete on schedule pursuant to
their terms and timetable or at all, the highly competitive nature
of the oil and natural gas industries, the foreign operations,
environmental liabilities and compliance requirements, and economic
and political conditions in the People's
Republic of China. For a description of these and other
risks and uncertainties, please see the documents the Company files
from time to time with the United States Securities and Exchange
Commission, including the Annual Report on Form 20-F filed in April
of the latest fiscal year.
Consequently, all of the forward-looking statements made in this
press release are qualified by these cautionary statements. The
Company cannot assure that the results or developments anticipated
will be realized or, even if substantially realized, that they will
have the expected effect on the Company, its business or
operations.
*** *** *** ***
For further enquiries, please contact:
Ms. Jing Liu
Manager, Media & Public Relations
CNOOC Limited
Tel: +86 10 8452 3404
Fax: +86 10 8452 1441
E-mail: liujing1@cnooc.com.cn
Ms. Iris Wong
Hill+Knowlton Strategies Asia
Tel: +852-2894 6263
Fax: +852-2576 1990
E-mail: cnooc@hkstrategies.com
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SOURCE CNOOC Limited