|Primeline Energy Holdings Inc. ("Primeline") is an independent oil and gas exploration and production company focusing exclusively on upstream opportunities in China with shares listed on the TSX Venture Exchange under the symbol "PEH".|
Primeline owns exploration and development rights in the East China Sea via two Petroleum Contracts - 25/34 and 33/07 - with China National Offshore Oil Corporation ("CNOOC"), a Chinese State Oil Company. Our aim is to become a major supplier of gas and oil to the East China market. Under Petroleum Contract 25/34, CNOOC and Primeline brought the LS36-1 gas field on stream in July 2014 to supply gas to Zhejiang Province.
2014 was a key delivery year for Primeline - the gas field development completed, our development obligations settled and strong trial production since July. We now look forward to progressing our exciting plans for rolling development and exploration activity under Petroleum Contract 33/07 in 2015 and beyond in order to capitalise on the infrastructure we built in LS36-1 gas field with CNOOC.
Dec 18, 2014
LS36-1 Gas Field Commences Commercial Production ( more )Dec 12, 2014
Primeline Receives First Sales Revenue Of US$23 Million ( more )Dec 08, 2014
Primeline Drawdowns Loan And Repays CNOOC ( more )Nov 18, 2014
Primeline Signs Project Finance Contract ( more )Nov 06, 2014
Primeline Confirms Project Finance ( more )