Replies to post #28 on CNOOC ADR Representing 100 Ord Shs (CEO)

[Timothy Smith]

Cnooc's H1 net production of oil and gas rose 13.5% Y/Y to 240.1M boe, but production in Canada, where its Nexen subsidiary operates, fell 15% to 10.5M boe.

Cnooc reiterates plans to increase full-year production by as much as 15% to as high as 495M boe, while cutting capex by as much as 35% to 70B yuan.