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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Post by cupricityon Dec 15, 2014 8:35pm

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Post# 23233551

1 times earnings

NCIB would be nice with 10% of the cash. Market in free fall and we are going up a little bit. Nice to see. Also feels good to know that President bought 10% of the company for 55 cents a little while ago. Always good to know that management has skin in the game.

1. 14 dollar market? Check
2. Producing? Check
3. Getting paid? Check
4. Lots more production possible? Check
5. Stock price? Well that's another story.

Historically great time to be buying.

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