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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 MoneyMaker1234on Feb 09, 2018 9:07am
172 Views
Post# 27532320

Continued success - At $0.32 and projected to climb to $1.10

Continued success - At $0.32 and projected to climb to $1.10
Tom Erik Kristiansen, Pareto Securities (1/9/18)
"Blackbird Energy Inc. announced better than expected results from the latest three wells in the development area; production in the first 30 days averaged 618 boe/day with a very strong average liquids ratio of 282 bbls/mmcf, which is well above our assumption of 175 bbls/mmcf. . .We will for now keep our estimates unchanged but nonetheless view this as a further confirmation of the high quality of the proven acreage (~25% of land base, valued at CAD 0.60/shares vs current share price CAD 0.34)."
Pareto Securities (10/10/17)
"With nine additional wells potentially proving up the majority of its remaining acreage by early 2018 (first update likely later this month), we believe Blackbird Energy Inc. offers a particularly attractive risk/reward. . .we highlight the company as one of our Top Picks and initiate coverage with a Buy and target price of CA$1.10."
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.bbi&postid=27531732#bkPyFX6ET5cby1JX.99
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