---
title: "CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285934992.md"
description: "CHK Oil Limited has extended its memorandum of understanding with Aral Petroleum Capital LLP for an additional six months, now set to expire on 11 November 2026. This extension allows for further due diligence on oilfields and negotiations for potential cooperation. Although the exclusivity clause has lapsed and the agreement remains non-binding, it keeps the door open for a future formal agreement. Shareholders are advised that there is no guarantee of a binding deal. CHK Oil is focused on acquiring and developing oilfield assets in key regions."
datetime: "2026-05-11T10:54:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285934992.md)
  - [en](https://longbridge.com/en/news/285934992.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285934992.md)
---

# CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

CHK Oil ( (HK:0632) ) has issued an update.

CHK Oil Limited has extended its memorandum of understanding with Aral Petroleum Capital LLP for a further six months to 11 November 2026, allowing additional time for due diligence on target oilfields and for negotiating terms of a potential cooperation. While the MOU’s exclusivity clause has been terminated and the document remains non‑binding, the move keeps open the possibility of a future formal agreement that could expand CHK Oil’s upstream footprint, though shareholders are cautioned that there is no certainty any binding deal will be concluded.

**More about CHK Oil**

CHK Oil Limited is a Bermuda-incorporated company listed in Hong Kong that operates in the oil sector. The group focuses on acquiring and developing oilfield assets, with a strategic emphasis on expanding reserves and production through partnerships and cooperative agreements in key petroleum regions.

**Average Trading Volume:** 27,499,398

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$209.5M

For a thorough assessment of 0632 stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [561360.CN](https://longbridge.com/en/quote/561360.CN.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [159731.CN](https://longbridge.com/en/quote/159731.CN.md)
- [561760.CN](https://longbridge.com/en/quote/561760.CN.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [159309.CN](https://longbridge.com/en/quote/159309.CN.md)
- [563150.CN](https://longbridge.com/en/quote/563150.CN.md)
- [00632.HK](https://longbridge.com/en/quote/00632.HK.md)

## Related News & Research

- [OPEC lowers 2026 global oil demand growth forecast](https://longbridge.com/en/news/286256123.md)
- [US energy firms pull record amounts of crude from SPR last week, EIA says](https://longbridge.com/en/news/286284024.md)
- [GMG's THERMAL-XR(R) to be Applied Exclusively & Distributed to Global Oil and Gas/LNG Industry with Curran International](https://longbridge.com/en/news/286918205.md)
- [Record oil draw from US emergency reserve drives total volumes to two-year low](https://longbridge.com/en/news/286821970.md)
- [Parex Earnings Call Signals Scaled-Up Growth Pivot](https://longbridge.com/en/news/286173091.md)