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Investor Relations | Primeline Energy Holdings Inc. ("Primeline") is an independent energy company focusing exclusively on oil & gas exploration and upstream opportunities in China. Primeline's shares are listed on the Canadian Venture Exchange under the symbol "PEH".
Primeline 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, 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 of natural gas, respectively. Block 25/34 encompasses 7,006 sq km in the basin where 7 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.
Primeline's gas discovery is ideally located, being 110 km to the coast of the fast growing economy of East China. Wenzhou City, with 7 m people in the region, featured the one of the most dynamic economy in China. The demand for natural gas in Wenzhou and surrounding economy provide Primeline the continuous drive for natural gas exploration and development.
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