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

Bullboard Posts

Post by pehupon Nov 26, 2014 3:33pm

158 Views

Post# 23167115

early gas sales

PEH-V now actually in Production. Gas sales in last 6 months from early start up production to report/held by CNOOC pending loan approaval now in hand . Have take or pay contract in hand for $14.50 MCF. (equivalent to $87 per barrel of Oil or 3 times gas price now in North America. Full Cash flow expected Dec 2015 with Tor P contract. Est PEH share of CF $8million per month or nearly $100million CF for 2015 for PEH. $75million net after debt servicing for company with only Mkt cap of $55m? Easy triple from here.
pehup

Bullboard Posts

How one company is disrupting PoC testing