Primeline Appoints Mirabaud And Nabarro Wells For AIM Listing
Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange Inc. under the trading symbol “PEH”, is pleased to announce its intention to apply for a listing on the Alternative Investment Market (“AIM”) of the London Stock Exchange. The Company will retain its existing TSX Venture Exchange listing. The Company has appointed Mirabaud Securities Ltd. (“Mirabaud”) and Nabarro Wells & Co. Ltd. (“Nabarro Wells”) to assist with the admission to AIM.
Nabarro Wells (www.nabarro-wells.co.uk) will act as the Company’s Nominated Advisor (NOMAD) for the AIM listing, under the rules of AIM. Mirabaud (www.mirabaudsecurities.co.uk) will act as the Company’s broker for the admission. Mirabaud will work closely and jointly with Jennings Capital Inc. (www.jenningscapital.com) of Canada.
The preparation of the documentation for the application for admission to AIM is expected to take several months. It is anticipated that the earliest time for the formal application will be late 2006 or early 2007, subject to market conditions and regulatory approval.
The Company owns a 75% interest in the Petroleum Contract for Block 25/34 in the East China Sea with China National Offshore Oil Corp. (parent company of CNOOC Limited, CEO/NYSE, www.cnoocltd.com) and is also the operator for the Block. The Company made the gas discovery, Lishui 36-1, in the Block through two wells which had flow rates of 9.9 and 12.6 mmcfd of natural gas, respectively. The Block encompasses 7,006 sq km and contains the Lishui Gas play and many other potential prospects.
ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC.
(signed) “Ming Wang”
Chief Executive Officer
For More Information Please Contact:
Primeline Investor Relations
Tel. + 44 20 7501 0688
Fax. + 44 20 7501 0699
Toll Free: 1 877 818 0688
Web Site: www.primelineenergy.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.