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).

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Primeline Energy Holdings Inc > L36-1 gas official access to the competent network

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Comment by kenbar1on Aug 13, 2017 3:58pm

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Post# 26576261

RE:L36-1 gas official access to the competent network

If I understand this correctly we are now connected to the Provincial Gas Grid. This would certainly be good news if this is the case. Does anyone have additional info. about this.

More potential good news: In their year end reporting Primeline mentioned that in their arbritation against CNOOC the total amount claimed in the Statement of Claim is up tp RMB 2.18 b. If my math is correct this would be worth about C$400m. Seems high to me but they have mentioned this figure more than once.

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