2014 6 30 () 15% 1 5% -5% -1-15% 300 01-02 01-20 02-07 02-25 03-15 04-02 04-20 05-08 05-26 06-13 2014-2-13 2013-12-18 2013-12-9 2013-12-9 S1060511010004 021-38636729 yubing006@pingan.com.cn S1060114010006 021-38638523 zhengaigang610@pingan.com.cn 9 A300157 002353 300084 601808300309 H 33372178
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1... 4 2 300... 5 3... 5 4... 6 5 6... 7 6 83:172014/6/20... 7 7 6... 8 8 12:67:212014/6/20... 8 9 2014... 9 10 2014... 9 11 NYMEX HENRY HUB /mbtu... 10 12 IPE /... 10 13 LNG... 11 14... 12 15... 12 3 / 16
1 P/E A 36 H 14 EPS PE PB 2014/6/27 2014/6/27 2013A 2014E 2015E 2013A 2014E 2015E 2014/6/27 40.17 386 1.03 2.45 3.60 39.1 16.40 11.16 9.64 13.16 79 0.22 0.46 0.70 59.9 28.61 18.80 3.63 50.75 69 1.73 2.62 3.63 29.4 19.37 13.98 6.64 24.20 31 0.18 0.43 0.48 137.6 56.28 50.42 4.92 10.76 49 0.23 0.39 0.45 47.6 27.59 23.91 3.74 19.81 43 0.34 0.53 0.77 58.7 37.38 25.73 3.47 17.29 825 1.41 1.64 1.96 12.3 10.54 8.82 2.22 15.80 63 0.26 0.28 0.35 61.0 57.25 45.08 5.57 15.60 59 0.09 0.29 0.44 182.2 53.42 35.41 5.04 26.47 85 0.29 0.31 0.38 91.9 85.77 69.42 7.05 8.27 51 0.08 0.12 0.23 107.8 70.32 35.77 5.08 10.00 32 0.18 0.27 0.32 55.9 37.66 30.99 2.70 7.29 322 0.62 0.75 0.87 11.7 9.69 8.37 1.94 8.50 68-0.22 - - -38.6 - - 2.54 12.22 21 0.19 - - 63.3 - - 2.77 17.05 69 0.74 1.04 1.46 22.9 16.34 11.71 3.33 9.20 94 0.33 0.38 0.50 27.7 23.96 18.48 2.98 21.25 50 0.35 0.53 0.78 60.6 39.90 27.09 7.59 6.64 132 0.36 0.41 0.50 18.4 16.20 13.28 2.64 12.37 44 0.23 0.35 0.45 52.6 35.10 27.29 2.55 55.11 35.66 26.43 4.30 5.29 117 0.18 0.25 0.33 29.7 21.16 16.03 5.01 4.20 64 0.20 0.29 0.40 21.3 14.48 10.50 3.60 2.30 25 0.16 0.26 0.31 14.6 8.85 7.42 1.12 1.93 63 0.17 0.27 0.31 11.4 7.15 6.23 1.31 3.95 67 0.21 0.40 0.49 19.1 9.88 8.06 2.52 1.76 13 0.08 0.14 0.17 21.9 12.57 10.35 1.26 12.84 1036 0.67 0.99 1.09 19.2 12.97 11.78 2.05 56.60 613 1.16 2.53 2.99 48.8 22.37 18.93 6.42 23.25 13.68 11.16 2.91 AEPSRMBRMBHEPS Wind 4 / 16
6 27 6.5% 300 7.7% 300 2 300 1 300 5% -5% -1-15% -2 01-02 01-09 01-16 01-23 01-30 02-06 02-13 02-20 02-27 03-06 03-13 03-20 03-27 04-03 04-10 04-17 04-24 05-01 05-08 05-15 05-22 05-29 06-05 06-12 06-19 06-26 Wind 3 1 2013/12/31-2014/6/27) 5% -5% -1-15% Wind 5 / 16
4. 300 0.6% 3.2% 4 1 5% Wind 6 6 20 1858 1545 83% 311 17% 6 13 4 3 1 99 140 38 6 / 16
5 6 Baker Hughes 6 83:172014/6/20 Gas 17% Misc Oil 83% Baker Hughes 6 20 1858 1250 67.3% 7 / 16
380 20.5% 228 12.3% 6 13 2 10 8 171 58 14 7 6 Baker Hughes 8 12:67:212014/6/20 VERT. 21% DIR. 12% HORZ. 67% Baker Hughes 8 / 16
8853 90839075901185348658 Permian 2374 Eagle Ford 1110 Barnett Marcellus 327 524 9 2014 U.S. Land - Well Count Summary First Quarter 2014 Basin This Quarter Last Quarter +/- % Year Ago +/- % Ardmore Woodford 31 66-35 -52.6% 49-18 -36.2% Arkoma Woodford 24 25-1 -2.1% 13 11 88.3% Barnett 327 374-47 -12.6% 443-116 -26.2% Cana Woodford 94 77 17 22.4% 82 12 15. DJ-Niobrara 267 258 9 3.3% 266 1 0.2% Eagle Ford 1,110 1,171-61 -5.2% 1,044 66 6.3% Fayetteville 127 129-2 -1.9% 157-30 -19.4% Granite Wash 132 148-16 -10.8% 141-9 -6.3% Haynesville 97 94 3 3.3% 109-12 -11. Marcellus 524 576-52 -9. 475 49 10.4% Mississippian 386 408-22 -5.3% 343 43 12.6% Permian 2,374 2,351 23 1. 2,169 206 9.5% Utica 102 112-10 -8.9% 131-29 -22.1% Williston 707 737-30 -4.1% 582 125 21.5% Others 2,550 2,557-7 -0.3% 2,530 20 0.8% Total U.S. Land 8,853 9,083-230 -2.5% 8,534 319 3.7% Baker Hughes 10 2014 Ardmore Woodford Cana Woodford 1% Baker Hughes Arkoma Woodford Haynesville 1% Fayetteville 1% Granite Wash 2% DJ-Niobrara 3% Utica 1% Barnett 4% Others 29% Mississippian 4% Marcellus 6% Williston 8% Permian 27% Eagle Ford 13% 9 / 16
3.4 6 11 NYMEX HENRY HUB/mBTU wind 12 IPE/ wind 10 / 16
1-5 7.7% 1-5 LNG858 21.19%;1-5 867 11.23% 13 LNG 5 103 11. 49 ( 30 19 ) 19.9% 142 13.6% 1-5 533 7.7% 234 ( 125 109 ) 10.6% 756 9.1% 11 / 16
14 120 45% 4 100 35% 3 80 25% 60 2 15% 40 1 5% 20 0-5% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 15 1200 4 35% 1000 3 800 25% 2 600 15% 400 1 5% 200 0-5% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 6 26 12 / 16
2.78-5.58 5550 555 10 20000 23 3 Bukit 1150 1,656 276 1,224 204 2,400 2014 6 23 500 LNG 1000 5,100 HAIMO OIL &GAS LLC DMK Oil & Gas, LLC Permian Howard 5,712.56 23.1 13 / 16
10, DMK 2014 6 23 714 DMK 23.1 10 1598 1000 : DMK Howard Irion Permian Howard Irion 10 97% 2000 2500 14-16 EPS 0.500.62 0.73 14 / 16
EIA 1.8 9000 40-50 2013 3864 2014 8% 4170 5-10 8%-1 2015 6000 2000 65 2020 20000 600-1000 1.65 / 0.4 / 2.05 / 1.96 / 13% 1/3 9 15 / 16
6 300 2 6 300 1 2 6 300 ±1 6 300 1 6 300 5% 6 300 ±5% 6 300 5% 2014 [DOCID]301405210004 [/DOCID]