Husky Oil China Ltd.is a wholly owned subsidiary of Husky Energy Inc. which is headquartered in Calgary, Alberta. Husky Energy Inc. is one of Canada's largest energy and energy-related companies. The Company has almost $21 billion in assets and employs approximately 4,100 employees. Husky Oil China Ltd. is one of the few foreign oil companies in China with the most daily oil production and the largest exploration acreage.

The Company has so far signed ten contracts with CNOOC for blocks Wenchang 13-1/2, Pearl River Mouth Basin39/05 & 40/30, Yingge Hai Basin 35/18 & 50/14, Beibu Gulf 23/15 & 23/20, East China Sea 04/35 and South China Sea 29/26 & 29/06.

Husky holds 100 percent exploration interest in these nine explorative blocks and also has a 40% working interest in partnership with CNOOC in the Wenchang 13-1/2 offshore oil fields. Husky’s share of oil production for 2007 averaging about 12,736 barrels per day.

In June 2006, Husky has made a significant hydrocarbon discovery at Liwan 3-1-1 in Block 29/26 in the South China Sea. The discovery could contain a potential recoverable resource of four to six trillion cubic feet of natural gas and as such, would be one of the largest natural gas discoveries offshore China to date.

For more information please refer to www.huskyenergy.com.

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