邮件中提到的井位及靶点是基于前期地质成果（只有构造图，无地质模型，20

The well locations and targets mentioned in the email are a preliminary plan based on the previous geological results (only structural map, no geological model, 2015) and combined with dynamic analysis. Due to the tight early time and limited understanding of the block, there is still a lot of work to be done in the demonstration of the well location, including which well is used for sidetracking, drilling position, target coordinates of the target layer, well trajectory, etc., all need to be further demonstrated and optimized. Therefore, the specific well location design needs to be completed in conjunction with the site after we complete the program research work. <br>At present, we are rushing to carry out work. We have completed structural interpretation, stratigraphic comparison, logging interpretation, etc., and are working on geological structure modeling (for specific progress, please refer to the bi-weekly report). From the current understanding, the previous results There are still certain differences in understanding, so there is a greater uncertainty in the understanding of remaining oil, which will inevitably affect the later well location deployment. Therefore, we believe that it is necessary to wait for the research work to be put in place before proceeding with the actual well location deployment demonstration. <br>The work schedule is as follows: 2020.9 Completion of geological modeling and reserves calculation <br>2020.11 Completion of reservoir engineering scheme design <br>2020.12 Completion of well location design

The wells and targets mentioned in the email are based on preliminary geological results (only tectonic maps, no geological models, 2015), combined with dynamic analysis of a preliminary plan. Due to the tight pre-time, the degree of understanding of the block is limited, there is still a lot of work to be done to improve the well position, including the use of which well side drilling, drilling position, target coordinates of the target layer, well trajectory, etc. need to be further demonstrated and optimized. Therefore, the concrete implementation of the well site design also needs to be completed after we have completed the program research work, combined with the site.<br>At present, we are working hard, has completed the tectonic interpretation, formation comparison, logging interpretation and other work, is in the geological structure modeling work, (specific progress can be consulted bi-weekly reports), from the current understanding, and the previous results of the understanding there are still some differences, so that the understanding of the remaining oil there is greater uncertainty, will inevitably affect the later well site deployment work. Therefore, we believe that we still need to wait for the research work to be put in place before carrying out the actual well position deployment demonstration. <br>The work schedule is as follows: 2020.9 Complete geological modeling and reserve calculation.<br> 2020.11 Completion of the design of the oil storage engineering project.<br> 2020.12 Completion of the well level design.

The well location and target mentioned in the email is a preliminary plan based on the previous geological results (only structural map, no geological model, 2015) combined with dynamic analysis. Due to the tight time in the early stage and limited understanding of the block, there is still a lot of work to be improved in the well location demonstration, including which well to use for sidetracking, drilling position, target point coordinates of target layer, well trajectory, etc. Therefore, the specific implementation of well location design needs to be completed together with the site after we have completed the scheme research work.<br>At present, we are speeding up the work. We have completed the structural interpretation, stratigraphic correlation, logging interpretation and other work, and are carrying out geological structure modeling work. (for specific progress, please refer to the biweekly report). From the current understanding, there is still a certain difference between the understanding of the previous results, so the understanding of the remaining oil is uncertain, which will inevitably affect the well location in the later stage Deployment. Therefore, we think it is necessary to wait for the research work to be completed before the actual well location deployment demonstration.<br>The work schedule is as follows: Geological Modeling and reserve calculation will be completed in September 2020<br>Completion of reservoir engineering scheme design on November 2020<br>Completion of well location design on December 2020