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Primeline Energy Holdings Inc V.PEH.H

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

Post by cupricityon Apr 23, 2014 11:04am
224 Views
Post# 22481157

Price Action

Price ActionWhen I bought a short while ago it took a lot of up movement (52 to 65) to fill my orders.  I got the feeling that this was being traded by someone who realized the real potential but wanted to profit from those that wanted in and create the image of a stock that has no liquidity while hoping to accumulate some large amount at a lower level-ideally through a PP.
    It appears as if our secret is out.  With all the inside ownership, impending cash flow, and blue sky, paired with Macro ideas like cleaner air to breathe I believe this stock has much further to go in the short to medium term time frame.  
    Good luck to all.
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