The current situationof forestryreserves in Baoding City islowreserves per unit, low output ofwoods, and low rate of the transformation from intangible prosperties to tangible prosperties.
In September 2012, its subsidiary, Unit Petroleum Company, acquired certain oil and natural gas assets from Noble Energy (NBL), increasing its proved reserves 38% from year-end 2011, and sold certain of its Bakken properties.