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Primeline Energy Holdings Inc V.PEH


Primary Symbol: V.PEH.H

Energy Oil & Gas E&P
Primeline Energy Holdings Inc. (Primeline) is a Hong Kong-based company engaged in the exploration of oil and gas properties located in China. The Company owns exploration and development rights in the East China Sea pursuant to two Petroleum Contracts, one in relation to Block 25/34 (Petroleum Contract 25/34) and one in relation to Block 33/07 (Petroleum Contract 33/07). The Company has approximately 36.75% interest in the producing LS36-1 gas field in Block 25/34 which comprises an offshore area of approximately 84.7 square kilometers. Primeline is the operator of the Petroleum Contract with China National Offshore Oil Corporation (CNOOC) for Block 33/07. Block 33/07 covers an offshore area of approximately 5,877 square kilometers (1.45 million acres), enclosing Block 25/34. The Company's subsidiaries include Primeline Energy China Limited (PECL) and Primeline Energy Operations International Limited (PEOIL).


TSXV:PEH.H - Post by User

Primeline Energy Holdings Inc
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Post by pehupon Jul 17, 2012 1:46pm
268 Views
Post# 20122231

Progress

Progress

Offshore gas pipeline has been laid from shore to connect to offshore platform 110 K  

Drill platform (Jacket) and gathering in place as of early July and working completion for full installation

Drilling of Development expected to start Oct Q4

Onshore gas pipeline proceeding to connect to main Zheijang Provincial gas grid in Wenzhou

On track for gas delivery in  Q2/Q3 2013 and below budget on CAPEX.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities