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Canada Can-Elite Energy Limited, a wholly owned subsidiary of International Standard Resources, engaged in coalbed methane (CBM) exploitation and sales in China, has entered into a Production Sharing Contract with China United Coalbed Methane Corporation Limited (which is currently 50% owned by China National Offshore Oil Corporation, and 50% owned by China National Coal Group Corporation respectively), with a view towards exploiting CBM resources in Anhui Province, and supplying China with clean and environmentally friendly new energy. International Standard Resources Holdings Limited is a company listed on the Hong Kong Stock Exchange under stock code 0091.
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