JX Energy Ltd (3395.HK) is a Canada-based oil and gas exploration and development company focused on liquids-rich natural gas and light crude oil in Western Canada. The company holds petroleum and natural gas licenses in the Alberta Foothills areas of Basing, Voyager, and Kaydee; and light crude oil properties in the Peace River Dawson area, both partially developed. Incorporated in 2005 and headquartered in Calgary, Alberta, JX Energy Ltd previously operated as Persta Resources Inc until its name change in June 2022. In recent developments, the company entered convertible debenture agreements in March 2025 and July 2024 to support operations; issued 33 million common shares in May 2024 raising C$1.26 million; announced plans in July 2025 for a 9.6MW natural gas power project to expand revenue sources amid rising Alberta electricity demand; and received shareholder loans including C$1.2 million during the nine months ended September 30, 2025. With approximately three employees, JX Energy Ltd maintains a long-term sales contract with related party Jixing Energy (Canada) Ltd for natural gas, NGLs, and condensate primarily in Alberta, Canada.