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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 fossilon Mar 02, 2015 10:29pm
184 Views
Post# 23482626

RE:RE:Frustration

RE:RE:FrustrationSorry new to this but bought into PEH because I liked the fact moneys were coming in at a guaranteed rate over the length of the contract. So my question is why does the price of oil have anything to do with natural gas that we are pumping ?? Thanks
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