Anton Oilfield Services Group reported unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company has posted revenue of RMB 134,929,672.56 and loss attributable to the parent company of RMB 44,476,664.87.

On April 24, 2013, Anton Oilfield Services Group entered into a master mutual supply and purchase agreement with Schlumberger, pursuant to which the group has agreed to supply the products and services to the Schlumberger group and Schlumberger has agreed to supply and procure the associates to supply to the group the products and services for a period of three financial years until December 31, 2015. Pursuant to the master agreement, the group will supply the products and services to the Schlumberger group and Schlumberger will supply and will procure the affiliates to supply to the group the products and services for a period of three financial years until December 31, 2015. The basis of determining the prices for the products and services to be supplied by the company or Schlumberger or affiliates under the master agreement will be in accordance with the prevailing market prices of similar products or services. The cap amounts for the procurement from the Schlumberger group by the group are determined with reference to the historical transactional amount and the projected demand for products and services as the group grows its business. Payment for the products and services supplied by the group and Schlumberger or affiliates will be settled on a project basis, provided that the terms of sale offered to the other party will be no more favorable to those offered to independent third party purchasers of such products or services.

In the second quarter of 2013, Anton Oilfield Services Group will further implement the integrated service strategy and strengthen the capabilities in oil reservoir evaluation to support the service model of having oil and gas development to promote integrated services. The group will also facilitate the construction of service capacity to support the integrated services of Tongzhou IPM, the joint venture company with Schlumberger. For the building of equipment resources, the group will push ahead the delivery of rigs and directional drilling equipment, while accelerating the addition of new hydraulic horsepower capacity. In human resources, the group will continue to attract and develop talents as strategic assets and accelerate the development of a management system for the internationalization of human resources. For financing, the group will complete the issuance of the second tranche of medium-term notes on schedule. In the overseas markets, the group remains committed to expanding the Middle East market and will actively pursue opportunities in South America.