United Energy Group Awarded “Listed Company of Greatest Potential” at “2019 China Financial Market Awards”

On 21st June 2019, the 2019 China Financial Market Awards Ceremony was held at Four Seasons Hotel Hong Kong. Through intense competitions and strict judgements, United Energy Group (00467.HK) was awarded the “Listed Company of Greatest Potential”.

The event, hosted by the renowned HK-based financial magazine－“China Financial Market”, aims to promote the brand value and corporate image of the companies in global capital market, deepen the understanding of domestic and international investors towards those companies, and provide an opportunity for corporates and investors to communicate with each other. Since established, the event has been attracting a huge number of companies and agencies from different industries and obtaining high appreciations of professional organizations, which is a great reflection of its fairness, transparency and reliability.

This is the second time that United Energy Group has been honored with “China Financial Market Awards”. The first time was in 2017 when the company was awarded the “Best Investment Value Award” and the “Best Investment Value Award on the Shenzhen – Hong Kong Stock Connect”. This year, more than 300 representatives, from outstanding corporates, financial agencies and commercial & governmental departments in Hong Kong, participated the ceremony, witnessing the awarding processes and sharing their happiness. The award “Listed Company of Greatest Potential” not only reflects the excellent performances of United Energy Group in terms of market value, stock circulation, etc., but also shows the trust of capital market towards the company’s fast, consistent and efficient development.

In recent years, United Energy Group grows fast and behaves actively in investment and expanding activities. From 2011 to 2018, it finished the acquisition & merging of all the assets of BP, AROL, OMV Group in Pakistan. Afterwards, in March 2019, the group further accomplished the merging and acquisition of KEC’s assets in many regions worldwide including Egypt and Iraq. Today, UEG has grown into a medium size international oil and gas company covering an operating area of above 18,000 square kilometers, with above 2,000 full time employees working at its offices and field facilities, in the MENA and Asia region.

Looking to the future, UEG aims to further develop its exploration and production businesses and explore other cross-segment energy opportunities. UEG is also actively seeking high quality international upstream M&A opportunities to further diversify its portfolio. Along with growing its business and exploring new markets, the Group will portray more successful stories and accomplish its target soon -- to be a Fast Growing Medium-sized International Energy Group.