Primeline Commences 3D Seismic Survey in Block 33/07, East China Sea

Primeline Commences 3D Seismic Survey in Block 33/07, East China Sea 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Primeline Energy Holdings Inc. 
TSX VENTURE SYMBOL:  PEH 
MARCH 31, 2014 
Primeline Commences 3D Seismic Survey in Block 33/07, East China Sea 
HONG KONG, CHINA--(Marketwired - March 31, 2014) -  
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES, OR DISSEMINATION IN THE UNITED
STATES 
Primeline Energy Holdings Inc. ("Primeline" or the
"Company") (TSX VENTURE:PEH) today announced that its contractor,
China Oilfield Services Ltd. (COSL), has commenced the 3D seismic survey in
Block 33/07, East China Sea. 
As announced in December 2013, Primeline signed a turnkey contract with COSL
for a 600sq km 3D seismic survey in Block 33/07 ("the Survey") as
part of its rolling development and exploration programme. Due to delays
incurred in COSL's preceding work, the 3D seismic survey vessel, Hai Yang
Shiyan 718, arrived at Primeline's location on March 30, 2014, later than
anticipated, and the vessel started deploying the streamer for Survey on March
31, 2014.  
The Survey is estimated to last around 50 days, subject to weather and fishing
activities in the area. A further announcement will be released when the Survey
is completed and processing commences. 
Primeline has existing 3D seismic data covering the LS36-1 gas field
development and its immediately surrounding prospects. The area now being
surveyed is located to the north of and adjacent to this existing 3D seismic
data area. The Survey is intended to provide better definition of the prospects
and leads that have been identified in the survey area using 2D data, in order
to generate more drillable prospects.  
In the meantime, the LS36-1 gas field development is progressing well with
CNOOC Limited, as operator, working on the final connection to allow the
production to commence soon. Based on current information from CNOOC, the
target for first gas remains around mid-2014. 
About Primeline Energy Holdings Inc. 
Primeline is an exploration and development company focusing exclusively on
China resources to become a major supplier of gas and oil to the East China
market. Primeline has a 75% Contractor's interest in and is the operator
of the petroleum contract with CNOOC for Block 33/07 (5,877sq km) in the East
China Sea and a 36.75% interest in the LS36-1 gas field in Block 25/34 which is
being developed by CNOOC Limited (acting as Operator for the development)
together with Primeline and Primeline Petroleum Corporation. Shares of
Primeline are listed for trading on the TSX Venture Exchange under the symbol
PEH. 
ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC. 
Ming Wang, Chief Executive Officer 
Please visit the Company's website at www.pehi.com. should you wish to
receive Company news via email, please email bren@chfir.com and specify
"Primeline Energy" in the subject line. 
Forward-Looking Statements 
Some of the statements in this news release contain forward-looking
information, which involves inherent risk and uncertainty affecting the
business of Primeline. These statements relate to the time in which the Hai
Yang Shiyan 718 is expected to complete the Survey, .which is based on the
assumption that the Turnkey Contract will be completed on a timely basis which
may not be the case. Exploration for oil and gas is subject to the inherent
risk that it will not result in a commercial discovery. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.  
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Primeline Energy Holdings Inc.
Dr. Ming Wang
CEO
+44 207.499.8888 or  Toll Free: 1.877.818.0688
+44 207.499.2288
IR@pehi.com
or
CHF Investor Relations
Robin Cook
Senior Account Manager
+1 416.868.1079 ext 228
+1 416.868.6198
robin@chfir.com
or
VSA Capital Limited
Andrew Raca
Head of Corporate Finance
+44 203 005 5000
ARaca@vsacapital.com 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  OEX 
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-0- Mar/31/2014 16:04 GMT
 
 
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