Investor Presentaiton

(US$/bbl) MIE Holdings Corporation 14.00 12.00 Financial update Lifting costs analysis of China assets and Emir-Oil 10.00 9.31 8.53 8.44 8.00 6.00 4.00 2.00 0.00 5.71 Lifting cost per barrel (1) 1H2013 ■China oilfields (excluding Kongnan) 12.48 13.10 11.65 10.33 10.52 4.82 4.39 2H2013 1H2014 ■China oilfields (including Kongnan) ■ Emir-Oil ■Total 9.29 (1) Lifting costs includes directly controllable costs to produce a barrel of oil. Other production costs such as safety fee, environment expenses, technical & research expense and overhead have not been included since they are not directly attributable to the production of a barrel of oil 19

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