Primeline Energy Holdings Ltd. - 1998 Presentation

Primeline is an independent oil and gas exploration and production company focusing exclusively on upstream opportunities in China. Primeline's shares are listed on the TSX Venture Exchange under the symbol "PEH".

Primeline owns a 75% interest in Block 25/34, an area of 7,006 sq km in the East China Sea, which it holds under the Petroleum Contract entered into with CNOOC. (parent company of CNOOC Limited, www.cnoocltd.com). Primeline is the Operator for Block 25/34.

Primeline has made a gas discovery, Lishui 36-1, within the Block and is in the process of preparing for the commercial development of this discovery. Primeline has also identified several related prospects in the area surrounding the discovery which comprise the Lishui Gas Play and is ready to explore those prospects. The Lishui Gas Play represents only 10% of the Block and significant hydrocarbon potential has been identified in the remainder of the Block.

Primeline's gas discovery is ideally located, being only 110 km to the coast of Zhejiang Province, part of the fast growing economy of East China. Wenzhou City, with 7 million people in its environs, is 140 km from the discovery and is one of the most dynamic cities in China. A provincial grid is currently being developed within Zhejiang Province, presenting an exciting opportunity to Primeline as it enables it to sell its gas into a rapidly expanding market.



	Company Profile Summary in Chinese Company History Board of Directors Management Team Corporate Directory Investor Relations	Primeline is an independent oil and gas exploration and production company focusing exclusively on upstream opportunities in China. Primeline's shares are listed on the TSX Venture Exchange under the symbol "PEH". Primeline owns a 75% interest in Block 25/34, an area of 7,006 sq km in the East China Sea, which it holds under the Petroleum Contract entered into with CNOOC. (parent company of CNOOC Limited, www.cnoocltd.com). Primeline is the Operator for Block 25/34. Primeline has made a gas discovery, Lishui 36-1, within the Block and is in the process of preparing for the commercial development of this discovery. Primeline has also identified several related prospects in the area surrounding the discovery which comprise the Lishui Gas Play and is ready to explore those prospects. The Lishui Gas Play represents only 10% of the Block and significant hydrocarbon potential has been identified in the remainder of the Block. Primeline's gas discovery is ideally located, being only 110 km to the coast of Zhejiang Province, part of the fast growing economy of East China. Wenzhou City, with 7 million people in its environs, is 140 km from the discovery and is one of the most dynamic cities in China. A provincial grid is currently being developed within Zhejiang Province, presenting an exciting opportunity to Primeline as it enables it to sell its gas into a rapidly expanding market.