HK Stock Market Move | JX ENERGY(03395) skyrocketed by 370% at one point. The company is mainly engaged in the exploration and production of natural gas and crude oil.

JX ENERGY (03395) surged by 370% in early trading, reaching a 303.41% increase as of the time of this report, at 0.71 Hong Kong dollars, with a trading volume of 12.4488 million Hong Kong dollars. On the news front, the situation in the Middle East is still tense, with international oil futures settlement prices seeing significant increases again yesterday, with WTI crude oil futures for July rising by 4.28% and Brent crude oil futures for August rising by 4.4%. Public information shows that JX ENERGY is headquartered in Alberta, Canada. The company is mainly engaged in the exploration and production of natural gas and crude oil (with a focus on natural gas business). Its main products include natural gas, crude oil, liquefied natural gas, and condensate. The company began operations in March 2005, conducting natural gas and crude oil exploration, development, and production operations in Canada. Between 2006 and 2018, the company obtained oil and gas licenses for Basing, Voyager, and Kaydee in the Foothills and Dawson regions near the Peace River in northern Alberta. Approximately 90% of the company's revenue comes from the Basing area. The Voyager area has similar geology and is located about 30 kilometers from Basing.