The “Best Investment Value Award” and the “Best Investment Value Award in Shenzhen – Hong Kong Stock Connect” awarded to UEG
Ms. Rachel Zhang (third from right), Executive Director of UEG presented at the Ceremony
On January 8, 2018, UEG was honored with the “Best Investment Value Award” and the “Best Investment Value Award on the Shenzhen – Hong Kong Stock Connect” at the “2017 China Financial Market Awards” presentation ceremony held by the “China Financial Market”, a renowned financial magazine in Hong Kong.
As a widely known and highly recognized evaluation event within Hong Kong, the “2017 China Financial Market Awards”, sponsored by the renowned HK-based financial magazine－“China Financial Market”, attracted more than 200 listed companies and intermediary agencies to participate.
The “Best Investment Value Award” has been evaluated on the comprehensive ranking of companies in terms of their operational performance, public image and overseas expansion plans over recent years and was concluded through an online poll and expert review. In addition, the awards of “Most Popular Listed Company in Shenzhen – Hong Kong Stock Connect” and “Most Popular Listed Company in Shanghai – Hong Kong Stock Connect” were set for the first time to honor companies who are actively engaged in company listing at the two Stock Exchanges and the interconnection of domestic and foreign capital.
United Energy Group Limited (stock code: 00467.HK) is an independent exploration and development corporation listed on the Hong Kong Stock Exchange, focusing mainly on the exploration, production and operation of upstream oil & gas projects as well as the provision of oil exploitation services such as UEG’s patented fire flooding technology. Through the strategy of “Reliable Operation + Rapid Expansion” to enhance its assets value, the company is committed to developing into a strongly competitive international energy company.
Driven by the continuously increasing output, year by year, of UGE’s oil & gas projects and due to huge potential reserves, the company’s advantages and competitiveness are improving constantly. With its unique competitive edge, UEG has realized ‘leapfrog’ development and become the fourth largest E&P company on the Hong Kong Stock Exchange.
A typical case of success in assets acquisition and investment is represented by the Pakistan project which was invested by UEG in 2011. Thanks to seven years of elaborate preparation as well as the oil & gas management technologies and equipment services introduced from China, the project reversed the steep production decline not long after commencing operation and this has contributed to its annual compound growth of production at the rate above 25% during the past five years.
UEG has established a leading position and good reputation in Pakistan as the largest foreign oil & gas company in the country. With its commitment to localization management and corporate social responsibility, the project is also contributing to improving the living standard of the local people while achieving good performance and has received positive responses from the local communities.
In addition to its contribution to the energy supply for Pakistan, UEG has also promoted the economic cooperation and cultural exchange between China and Pakistan, which has been highly praised and supported by the governments of the two countries. Now, UEG is working on deeper cooperation in oil & gas exploration based on the fruits of China-Pakistan Economic Corridor.
Looking to the future, UEG seeks to become a first-class international energy enterprise through implementing the approaches of existing asset management and new project acquisitions based on its unique advantages in operation and management.