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Primeline Energy Holdings Inc. TICKER: PEH –TSX.V;PMEHF-OTO DESCRIPTION: Primeline Energy Holdings owns a 75% interest in the Petroleum Contract for Block 25/34 (7,006 sq km) in the East China Sea with China National Offshore Oil Corp. (parent company of CNOOC Limited, CEO-NYSE). Primeline is also the operator for the Block. The company made a gas discovery in the Block, Lishui 36-1, through two wells with flow rates of 9.9 and 12.6 mmcfd of natural gas, respectively. Seven additional previously drilled wells in and around the Block encountered oil and gas shows and flows, and the just completed 550 sq km 3D seismic also indicates that there is significant oil potential in addition to the Lishui Gas Play. The editor of Oilbarrel.com likes the opportunity for Primeline Energy - WEBSITE: http://www.primelineenergy.com/ Corporate Presentation 9/07 The information below is based on the most recent information we have received from analysts and the companies participating in The Energy Report. We encourage you to visit the company's web site for updates. Primeline is presently evaluating the the existing 23,000 kilometres (14,291 miles) of seismic data plus information from 12 regional wells. The UK-listed explorer on July 4 awarded Hispec Research Corp. a US$250,000 to US$350,000 contract to re-process 3,520 kilometres (2,187 miles) of 2-D seismic over the next three months. The re-processed data will serve to mature the leads identified from the previous seismic surveys into additional drilling targets. The operator expects to locate further drilling targets in addition to the identified prospects, particularly in and around seven previously drilled wells that have displayed various hydrocarbon shows and flows." (7/15/08) - energycurrent.com
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