China Oil And Gas Group Limited announced that it has redeemed the 2023 Notes of an aggregate principal amount of USD 250,000,000 on the Redemption Date (the "Redemption") at the redemption price equal to 102.75% of the principal amount thereof, being USD 256,875,000, plus accrued and unpaid interest of USD 2,673,611 to the Redemption Date. The total redemption price paid by the Company on the Redemption Date is USD 259,548,611. Upon completion of the Redemption, the redeemed 2023 Notes will be cancelled, and the outstanding principal amount of the 2023 Notes is USD 100,000,000.