Primeline Energy Holdinds Inc. Announces Annual Filings Under National Instrument 51-101
Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange Inc. under the trading symbol “PEH”, is pleased to announce that the Company has filed on SEDAR its disclosures and reports relating to reserved data and other oil and gas information required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. An electronic copy of these documents may be obtained on Primeline’s SEDAR profile at www.sedar.com or on Primeline’s website at www.pehi.com
As previously announced, Primeline has recently received a resource evaluation report on Block 25/34 by McDaniel & Associates of Calgary (www.mcdan.com) and the full text of that report is available on Primeline’s website.
Primeline owns a 75% interest in the Petroleum Contract for Block 25/34 in the East China Sea with China National Offshore Oil Corp. (CNOOC) (parent company of CNOOC Limited, www.cnoocltd.com) and Primeline is also the operator for the Block. The Company made the gas discovery, Lishui 36-1, within the Block through two wells which have flow rates of 9.9 and 12.6 mmcfd (million cubic feet per day) of natural gas, respectively. Block 25/34 encompasses 7,006 sq km in the basin where seven additional previously drilled wells in and around the Block encountered oil and gas shows and flows, indicating that there is significant hydrocarbon potential in addition to the Lishui Gas Play.
ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC.
Signed “Ming Wang”
Chief Executive Officer
For More Information Please Contact:
Primeline Investor Relations
Tel. +44 20 7499 8888
Fax. +44 20 7499 2288
Toll Free: 1 877 818 0688
Web Site: www.pehi.com
?The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.