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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Post by cupricityon Mar 19, 2015 11:26am

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Post# 23538511

ncib

I think it's time for an NCIB. Clean up this overhang. On the venture we can buy back 10 percent per year and could buy 2.4 million or so every 60 days. 2.4 million shares at 45 cents is 1 weeks revenue. I wonder how pathetic this seller is and how many shares are behind his constant selling. It reminds me of buying shares from defunct Lehman bros in ZAZ for 18 cents. Sold for a dollar a year or so later.....

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