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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Comment by nelsonnellyon Nov 18, 2014 4:00pm

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Post# 23141213

RE: Financing Now Signed!!!

I really liked the use of "extremely" in this sentence:

"Development trial production, which started in July 2014, has progressed extremely well and has averaged 23.3mmcfpd since early September."

Next news will probably coincide with their Q3 numbers, which is expected at the end of next week, if not sooner. I would be interested to see what the price per unit is. This should give us a sense of projected cash flow on a go-forward bases, and in turn, should allow us to confirm SP estimates.

I must confessed that I'm a bit surprised at the response, or lack thereof, of the market to this GREAT news. Hopefully this changes sooner rather than later.

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