Blue Flame Holding's subsidiary has obtained the coalbed methane exploration rights for the Fazhong Block in the Qinshi Basin of Shanxi Province
Blue Flame Holding's wholly-owned subsidiary Shanxi Blue Flame Coalbed Methane Group Co., Ltd. successfully won the coalbed methane exploration rights for the Fazhong Block in the Qinshi Basin of Shanxi Province, with a transaction amount of 201 million yuan. The announcement for the listing and transfer of this exploration right was issued by the Shanxi Provincial Department of Natural Resources on September 11, 2025, and the bidding was completed on October 31, 2025
According to the announcement from Zhitong Finance APP, Blue Flame Holding (000968.SZ) announced that on September 11, 2025, the Shanxi Provincial Department of Natural Resources entrusted the Shanxi Provincial Natural Resources Development Center to issue the "Announcement on the Public Listing of Coalbed Methane Exploration Rights in the Qinshui Basin, Shanxi Province (Jin Natural Resources Business Transfer Announcement [2025] No. 13)." After research and decision-making by the company, its wholly-owned subsidiary Shanxi Blue Flame Coalbed Methane Group Co., Ltd. (hereinafter referred to as "Blue Flame Coalbed Methane") will participate in the bidding for the coalbed methane exploration rights in the Qinshui Basin, Shanxi Province. Blue Flame Coalbed Methane successfully obtained the coalbed methane exploration rights in the Qinshui Basin, Shanxi Province on October 31, 2025, with a transaction amount of 201 million yuan
