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Investor Presentaiton

MIE Holdings Corporation MIE Group update and highlights 2014 operational guidance # Gross Wells Net Capex (US$M) Net Production Original FY14 guidance 1H 2014 Revised FY14 Original FY14 Revised FY14 guidance guidance guidance Original FY14 guidance 1H 2014 Revised FY14 guidance China 163 143 156 125 122 10,000-10,500 11,179 BOPD BOPD 10,000-10,500 BOPD Oilfields SGE 59 15 40 70 70 48 1,000-1,500 MCFD Nil 300 MCFD Emir-Oil 8 3 USA 2 6 148 125 5,200-5,600 BOPD 5,000-5,400 MCFD 5,269 BOPD 5,871 MCFD 5,200-5,600 BOPD 5,000-5,400 MCFD Commentary • Re-aligned drilling program by reducing 9 vertical wells but added 2 horizontal wells to original drilling plan • Deferred drilling of 19 development wells and accordingly reduced capex spend of US$22 mm 7 1 100-200 BOPD 400-500 MCFD 110 BOPD 281 MCFD 100-200 BOPD 200 MCFD • 4 development wells, including 2 horizontal wells and 2 vertical wells 1 exploration well • 4 appraisal wells (1 less than originally planned) •Capex spend of CPF for FY2014 to be US$60 mm The original plan to drill 2 horizontal wells was canceled US$1 mm for lease extensions MIE 232 161 205 350 296 Total 15,300-16,300 BOPD 6,400-7,400 MCFD 16,558 BOPD 6,152 MCFD 15,300-16,300 BOPD 5,500-5,900 MCFD Represents a 4-11% y-o-y growth over FY2013 14,673 BOPD 8
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