China Oil and Gas Group Limited provided earnings guidance for the year ended 31 December 2021. For the year, it is expected that the Group will record a significant increase in profit attributable to owners of the Company of not less than 30 times as compared with approximately HKD 28.76 million for the same period in 2020 which was attributable by the sharp rise in international oil prices in 2021 and the oil and gas assets in Canada of the Group recorded an appreciation of approximately HKD 600 million during the year.