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 > CNOOC Arbitration - Update

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Comment by mike49on Sep 26, 2018 11:54pm

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Post# 28698391

RE:CNOOC Arbitration - Update

The timeline is playing out the way these things go.
last arb was settled before arbitrator decision because peh would have won.
This case could be settled next week or cnocc goes to the wall.
My only clue here is that the largest shareholder put his own dough up so he has a better read on the motivations of the Chinese gov in the age of Trump.
China needs the gas.they steal it,buy it,or work it.
same as anybody.

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