Haimo Oil&Gas LLC (collectively “Haimo Oil&Gas”), a wholly-owned subsidiary company of Lanzhou Haimo Technologies Co., Ltd., has recently purchased a net area of 1,112 acres (about 4.5 sq.km.) oil block at the price of $1.0008 million in Permian Basin, Irion Country, Texas, UAS with 100% of its working interests.

Haimo Technologies’ shale oil fracturing tools engineering laboratory was officially designated as “Gansu Provincial Shale Oil Fracturing Tools Engineering Laboratory” by Gansu Provincial Development and Reform Commission.

On July 13, 2013, Sino Haimo (Beijing) Petroleum Technology Co., Ltd. celebrated its opening at No. A14, Jianguomen Wai Street, Chaoyang District, Beijing City (Beijing Broadcasting House Hotel).

Lanzhou Haimo Technologies LLC, a wholly-owned subsidiary established by the company in Lanzhou New Area was recently incorporated.

Haimo America, Inc. was established in October, 2012, with its offices in Houston, Texas, USA. It is an Integrated Energy Company, devoted to investments in the Oil & Gas industry across America.

Recently, Haimo America, Inc., a wholly-owned subsidiary funded and established by Haimo Technologies was incorporated and invested in Huston, Texas, America. At the same time, to meet the requirement of business development in America, Haimo America, Inc. established a wholly-owned subsidiary named Haimo Oil & Gas LLC in Delaware, America on October 18, 2012.

From August 9 to August 10, 2012, Haimo’s new product gas flow meter received the two-day performance test and assessment at NEL (National Engineering Laboratory, Glasgow, UK) and through the authoritative test and assessment of NEL on Haimo’s wet gas flow meter, the root-mean-square errors (RMSE) of air mass flow rate, liquid mass flow rate and total mass flow rate are measured to be 0.51%, 5.77% and 1.17% respectively, which hit a record high internationally in the field of wet gas metering.

To create a learning organization, further standardize the company’s management structure, consolidate the credit consciousness as a listed company, improve management and professional competence of the managerial personnel, on September 29, 2012

On February 13, 2012, Gansu Provincial Financial Work Conference was grandly held in Lanzhou. At the conference, the essence of the national financial work conference was communicated for learning and implementing

The chief delegate in Beijing representative office and Chinese market manager of Petrofac oilfield engineering recently visited headquarter of Haimo in Lanzhou. The trip is for the progress of contract performance communication and consultation. The contract was signed between Haimo and Petrofac to provide MPFMs and services for the ASAB uncompartmentalized oilfield development project of ADCO.

In September 2010, Haimo is granted another two patents and receives the certificates:One is European patent:Name: Adjustable type guide vortex gas–liquid separating apparatus and separating method,Patent No.: 1666153