Primeline Energy Holdings Inc 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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Comment by nelsonnellyon Jun 03, 2014 7:08pm

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Post# 22626959

RE:RE:RE:RE:RE:Sell off?

I remain bullish on PEH, but I'm struggling to appreciate how we can see it become "a $10 stock in very short order". If it gets there, great, I make some cash, if not, I make some cash anyways because it's bound to stop being a penny stock sonner rather than later.

I'm tempering my expectations because they have low proven reserves and a large PROSPECTIVE lease area. Their ability to become a $10 stock will depend on successful exploration and successful execution of their rolling exploration program generally, but this will take quite some time.

My only regret is I wish I bought in earlier than I did. At this level I think everybody, including their dog, should be buying.

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