Investor Presentaiton
MIE Holdings Corporation
Group asset update
Emir-Oil
1H2014 operation update
Oil production increased by 52.5% to 5,269 BPOD compared to 3,454
BPOD in 1H2013
Realized export price increased from US$ 85.73/bbl to US$ 88.19/bbl,
but average realized oil price decreased from US$79.10/bbl to
US$78.04/bbl due to decreased export sales (79% in 1H2014 vs. 85%
in 1H2013) coupled with lower realized domestic oil price for 1H2014
Net oil production
10,000
8,000
5,600
5,269
6,000
3,454
4,000
2,000
5,200
1H2013
1H2014
2014 Guidance
Average oil realized price (1)
Lifting costs continued to decrease, from US$5.71/bbl to US$4.39/bbl
as production ramps up
120.00
79.10
90.00
60.00
30.00
Kazakhstan authorities have officially approved preliminary design of
CPF
0.00
1H2013
Currently preparing detailed design for the CPF and will
subsequently open the bidding process for the construction of
the facilities
CPF construction work will be kicked off in 2H2014
(1) Weighted average of Emir-Oil's export and domestic oil sales
Lifting costs
78.04
1H2014
8.00
6.00
5.71
4.39
4.00
2.00
0.00
1H2013
1H2014
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