CHK OIL (00632.HK): MOU extended a third time, to 12 May 2027
- The MOU was signed on 10 November 2025 with an initial three-month exclusivity period, later extended by three months to 9 May 2026.
- The second extension, signed on 11 May 2026, ran to 11 November 2026 and terminated the exclusivity provision, which no longer applied.
NewTimeSpace News: On 12 November 2026, CHK Oil Limited (stock code: 00632) issued a voluntary announcement on its memorandum of understanding with Aral Petroleum Capital LLP on a cooperation project. The group ran due diligence on the target oilfield during the three-month exclusivity period from the MOU date of 10 November 2025, later extended by three months to 9 May 2026. On 11 May 2026 the parties extended the term by six months to 11 November 2026 and terminated the exclusivity provision.
Because more time is needed for due diligence and for negotiating the terms, the parties signed another supplemental agreement on 12 November 2026 extending the term by six months to 12 May 2027, the third extension; other terms are unchanged. The MOU records only the parties' intention and is not legally binding, creating no legal obligation; any binding agreement will be announced under the Listing Rules.
- CHK OIL (00632.HK): signs framework pact for RMB15m Dumei Electric buy
- CHK OIL (00632.HK): Appoints Company Secretary, Authorised Representative, Process Agent and Chief Financial Officer
- CHK OIL (00632.HK): Jin Ailong Re-designated as CEO (China Business), Lam Pui Wang Appointed CEO (Global Business) and Huang Songjian Appointed Chief Risk Officer
- CHK OIL (00632.HK): Supplementary announcement on termination of executive director's duties, clarifying distinction between termination of service contract and cessation of directorship and the Board's position
- CHK OIL (00632.HK): Resignation of CFO, company secretary, authorised representative and process agent; non-compliance with Listing Rules
