MIE Holdings Corporation reported operating results for the fourth quarter, second half and full year of 2012. The group's (including its net interest entitlement in White Hawk and excluding Pan-China Resources) daily net oil production in the fourth quarter 2012 was 14,857 barrels of oil per day.

Together with the daily net oil production of 15,590 BOPD in third quarter 2012, the daily net oil production for the second half of 2012 was 15,223 BOPD, an increase of 1,854 BOPD or 13.9% over the first half of 2012 average oil production of 13,369 BOPD. The increase in the second half of 2012 was mostly from Emir-Oil LLC properties in Kazakhstan, which increased 1,343 BOPD or 63.6% to 3,455 BOPD in the second half of 2012.

For the year of 2012, the Group drilled 455 gross (403.6 net) wells with no dry hole, including 18 gross (10.7 net) exploration wells and 8 gross (5.24 net) horizontal wells.