MIE Holdings Corporation provided operations results for the third quarter of 2012. During the quarter, net production grew strongly. The Group's daily gross production was 24,577 barrels of oil per day. The group's daily net oil production in was 15,590 BOPD, an increase of 2,214 BOPD or 16.6% over first half 2012. The increase was mostly driven by its Emir-Oil properties in Kazakhstan, which increased by 1,222 BOPD or 57.9%. Three oil PSCs in northeast China also increased significantly by 929 BOPD or 8.3%. The group's net sales of gas averaged 3,960 MCF per day, a decrease of 675 MCF per day or 14.6% from the first half of 2012 average rate. In third quarter of 2012, realized oil price for the group was USD 102.17 per barrel compared with
USD 114.60 in the first half of 2012, a decrease of USD 12.44 or 10.9%. Realized price in the third quarter of 2012 was USD 1.14 per MCF, a decrease of USD 0.01 or 1.2%.

For the fourth quarter of 2012 the company estimates the group's daily net production will average approximately 15,609 BOPD.

The group also made significant progress on its 2012 investment plan, drilling 127 gross (112.9 net) wells with no dry holes, including 5 gross (3.0 net) exploration wells and 2 gross (1.8 net) horizontal wells. By the end of 2012 the company plans to have drilled a total of approximately 452 gross (401.4 net) wells.