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).

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Primeline Energy Holdings Inc

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Comment by nelsonnellyon Jul 10, 2014 10:06pm

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Post# 22735320

RE:RE:gas flowing

Just a bit of speculation here: lets assume gas is flowing at a commercially viable rate; CNOOC executes a 20 year contract at $10-11 per unit. How much is this stock going to be worth in October if this all happens by September?

Lets not forget that they have yet to press release the result of their seismic survey.

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