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 derrickanithaon Dec 02, 2015 7:21am

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Post# 24345716

Primeline Drills Duster in East China Sea

Primeline Energy Holdings has come up dry at LS30-3-1 well on Block 33/07, East China Sea. The well is located approximately 20 km north of the LS36-1 gas field platform.

The well, targeting a large channel sand prospect, has reached the total depth of 2,000m. The well encountered three sets of good sandstone reservoir sequences as predicted, with no oil or gas accumulation in those sandstones. The well is dry, and will be plugged and abandoned........

For more: https://www.1derrick.com/primeline-drills-duster-in-east-china-sea/17010/

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