30/05/2011
[30 May 2011, Hong Kong] MIE Holdings Corporation (“MIE” or the “Company”, together with the subsidiaries, the “Group”; Stock Code: 1555.HK), the largest independent upstream oil company operating onshore in the PRC as measured by gross production under production sharing contracts, is pleased to announce that the Company has been selected as one of the constituent stocks in the Morgan Stanley Capital International (“MSCI”) China Small Cap Index, which will take place as of the market close on 31 May 2011.
Commenting on the inclusion to the MSCI China Small Cap Index, Zhang Ruilin, Chairman, Executive Director and CEO of MIE said, “We are delighted to be included in the MSCI China Small Cap Index as the Index is regarded as a benchmark to investors worldwide that further enhances our position in the international capital market.”
MSCI Inc. is a leading provider of investment decision support tools to investors worldwide. MSCI indices are among the most widely used international equity benchmarks by institutional investors, covering companies with good operational results and potential. Inclusion of MIE in the MSCI China Small Cap Index was announced in MSCI’s latest Semi Annual Index Review in May 2011.
About MIE Holdings Corporation
MIE is the largest independent upstream oil company operating onshore in the PRC as measured by gross production under production sharing contracts. The Group operates the Daan, Moliqing and Miao 3 oilfields in the Songliao Basin, PRC’s most prolific oil-producing basin, under three separate production sharing contracts with PetroChina, the largest oil company in China. In addition, the Group pursues other development and production opportunities in China, and exploration, development and production opportunities internationally, both independently and in partnership with other major and independent oil companies.
The Group announced that it will purchase 100 % of EMIR-OIL, LLC, the oil and natural gas producer in the Republic of Kazakhstan, on February 14, 2011. The Group’s 1P, 2P and 3P reserves will increase from 32.9, 52.5 and 66.4 million bbls respectively to 60.9, 148.1 and 197.5 million bbls, and average production rate per day is expected to increase significantly after the acquisition.
MIE has successfully listed on the main board on HKEx on December 14, 2010 with stock code 1555.HK.
Issued by Porda Havas International Finance Communication Group for and on behalf of MIE Holdings Corporation. For further information, please contact:
Porda Havas International Finance Communication Group
Ms. Peony Sze +852 3150 6766 peony.sze@pordahavas.com
Mr. Henry Ho +852 3150 6712 henry.ho@pordahavas.com
Ms. Mona Chow +852 3150 6765 mona.chow@pordahavas.com
Fax：+852 3150 6728