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 Upside1234on Dec 03, 2015 1:59pm

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Post# 24351337

Is this worth holding onto?

I've held a fair chunk of shares in peh for about 10 years now and am getting a bit impatient/worried. How are the rest of you investors feeling? Is it worth holding onto or isn't time to get out? I'd like to think it's worth holding onto but perhaps I'm hanging on because I've waited this long...Is it worth waiting it out? What do you wise investors think at this point?

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