MIE Holdings (01555) said its average daily operated and net oil and gas production continued to grow during the first half of 2014.
Due largely to the contribution of Emir-Oil in Kazakhstan, the average daily net oil and gas production rose 15.5% and 20.7% respectively, as compared to the same period of 2013.
The strong momentum for Emir-Oil's production growth carried forward from 2013 into 2014, as the average daily oil production for Emir-Oil grew 52.5% from 3,454 barrels of oil equivalent per day (BOPD) in 1H2013 to 5,269 BOPD in 1H2014.
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