Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Primeline Energy Holdings Inc V.PEH


Primary Symbol: V.PEH.H

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

Post by cupricityon Jan 07, 2015 8:42pm
186 Views
Post# 23296513

what this stock needs is an NCIB.

what this stock needs is an NCIB.We can buy back 10 percent of our shares for 5 million and we have 70 million coming in this year.

 Once the loan is repaid to Victor Hwang we can chip away at our big debt of 210 million, but with more drilling, the bulk of the infrastructure in place, a sales agreement at 14.50 mmbtu, this stock is a perfect example of why the venture is a great place to find misallocation of capital, in this case the value is silly.  But the good news is there is still time to get some more!  

  Good luck to all, and if you do your own due diligence you won't anything that is a red flag on these guys other than the low stock price, which is the best kind of red flag when the markets are so down. 

  5 bucks is not hard to imagine if the drilling works out and it should be 2 bucks right now (5-7) times earnings instead of 1 times earnings!  GLTA and happy new year.
Bullboard Posts