MIE sees rising depreciation and costs dent FY2012 results

    MIE Energy on Wednesday published its FY2012 results.     Total gross production for the year was 24.1kboepd, with net production up 33% YoY to 15.1 kboepd. This left revenue at RMB3.5 billion (US $553m), with total operating costs up 36% YoY to RMB2.4 billion (US $375m), and pre-tax profit at RMB1.1bn...