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Primeline Energy Holdings Inc 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 drd8on Apr 11, 2017 11:20am
329 Views
Post# 26106753

data room open..strategic alternatives soon to be sold...

data room open..strategic alternatives soon to be sold...

PRIMELINE ENERGY APPOINTS CLSA AS ADVISOR

Primeline Energy Holdings Inc. has appointed CLSA Singapore Pte. Ltd. for the provision of strategic and financial advisory services.

Founded in 1986, CLSA is Asia's leading and longest running brokerage and investment group. The company provides equity broking, corporate finance and capital markets and asset management services to global corporate and institutional clients. With exchange membership in every developed market in the region, plus Australia and the Americas, CLSA provides best execution across a range of products and services.

CLSA's parent company CITIC Securities is China's leading investment bank. The group's corporate finance and capital markets business, CITIC CLSA Securities, leads equity public offerings (primary and secondary), debt issuances and M&A advisory. Direct investment is offered through diversified, alternative investment vehicles led by CLSA Capital Partners.

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