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 Aug 13, 2012 4:51pm

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Post# 20212557

RBC Capital Markets target would now be $1.25/shar

RBC Capital Markets previous research on PEH had the peer group of Junior Int. E&P Companies like PEH trading at 0.65 x their Risked NPV. New NPV from McDaniels for PEH is $1.89/share so times 0.65 time NPV= $1.25/share near term target or more than a double from here.

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