Intercontinental Oil and Gas, which has seen two consecutive daily limit-up movements, has its Iraq project only in the initial stage and still faces uncertainties.

Jinshi data news on November 14, Intercontinental Oil and Gas issued a notice of abnormal stock trading fluctuations. As of the date of this announcement, the company's controlling shareholder, Guangxi Zhenghe Industrial Group Co., Ltd., holds 508,341,781 shares of the company, of which 508,276,917 shares have been staked, accounting for 99.99% of its shareholding in the company. Recently, the company has signed exploration, development, and production contracts for the Zurbatiya Block and Jabel Sanam Block with Midland Oil Company of the Iraq and Basrah Oil Company. Currently, the relevant projects are still in the early stages and have uncertainties.