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| Primeline Energy Holdings Inc. ("Primeline") is an independent oil and gas exploration and production company focusing exclusively on upstream opportunities in China, aiming to become a major supplier of gas and oil to the East China market. Primeline's shares are listed on the TSX Venture Exchange under the symbol "PEH". Primeline has a 75% Contractor's interest and is the operator for exploration in the Petroleum Contract with China National Offshore Oil Corporation ("CNOOC"), the Chinese state oil company, for Block 25/34, an offshore exploration area of 5,221 km2 in the East China Sea. The other 25% is held by Primeline Petroleum Corporation ("PPC"), an associated company of Primeline. The Petroleum Contract entitles Primeline to participate in the exploration, development and production of oil and gas in Block 25/34. Primeline also has a 36.75% interest in the LS 36-1 gas field in Block 25/34 which is being developed by Primeline together with CNOOC (acting as Operator for the development) and PPC. CNOOC is proceeding with the preparation of the development and Primeline is leading the exploration effort. |
Jul 29, 2010
Primeline Files National Instrument 51-101 Disclosure Jul 16, 2010 Primeline/CNOOC Enter Into Gas Sale Framework Agreement With Zhejiang Gas Jul 06, 2010 Primeline / CNOOC Development Agreements Become Effective
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