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Last C$0.46 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:46 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

primeline energy holdings (PEH) Snapshot

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52 Week High
08/11/14 - C$0.70
52 Week Low
01/19/15 - C$0.32
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Average Volume 10 Days
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primeline energy holdings (PEH) Details

Primeline Energy Holdings Inc. operates as an independent oil and gas exploration and production company in the People’s Republic of China. It owns exploration and development rights in two petroleum contracts, including a 36.75% interest in the LS36-1 gas field in the Block 25/34, which covers an area of 84.7 square kilometers; and a 75% interest in the Block 33/07 that covers an area of 5,877 square kilometers in the East China Sea. The company was founded in 1993 and is headquartered in Hong Kong, Hong Kong.

Founded in 1993

primeline energy holdings (PEH) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$282.4K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: C$206.8K
Compensation as of Fiscal Year 2014.

primeline energy holdings (PEH) Key Developments

Primeline Energy Holdings Inc. Secures Rig for Exploration Drilling in August

Primeline Energy Holdings Inc. announced that it has signed a Letter of Intent for the drilling operations of the forthcoming exciting exploration programme in Block 33/07. In the last few months the company has been in discussion with a number of potential drilling contractors in the region to secure optimal contract terms for an efficient and cost effective drilling operation planned to start in August 2015. The rig market has proved favorable with good availability of suitable rigs and competitive prices. With the completion of the 3D seismic data interpretation, the selection of drilling locations was completed in the past few weeks and locations have been agreed and approved by the joint management committee established by CNOOC and the company under the petroleum contract for Block 33/07. This allowed the company to finalise the well design and conclude discussions with potential drilling contractors. Following a detailed negotiation process, the company has selected China Oilfield Service Co. as the drilling contractor and signed the LOI with COSL on July 22, 2015. Under the LOI and subject to final contract, COSL has offered to undertake turnkey drilling works for 2 wells in Block 33/07 for the company, starting in August. The first well will be LS23-1-1 and the second well will be selected from 2 further candidate locations following the evaluation of the results of the first well. The total drilling costs for 2 wells will be around USD 20 million, excluding costs for any test when oil and gas is discovered.

Primeline Energy Holdings Inc. Reports Audited Earnings Results for the Year Ended March 31, 2015

Primeline Energy Holdings Inc. reported audited earnings results for the year ended March 31, 2015. For the period, the company reported cash flow generated from LS36-1, including trial production Revenues were totaling CAD 53,075,524.

Loyz Energy Limited, Primeline Energy Holdings, Inc., Primeline Petroleum Corporation - M&A Call

To discuss its proposed acquisition of Primeline Petroleum Corp. and its proposed merger with Loyz Energy Limited


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