Primeline Energy Holdings Inc.
PMEHF
Other OTC0.00
USD
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- -
Return %
Stock
S&P500
1Y
- -
19.01
3Y
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65.48
5Y
- -
72.20
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Andrew Biggs
- Full Time Employees
- 21
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Hong Kong Parkview Hong Kong Hong Kong
- IPO Date
- Sep 25, 2012
- Website
- primelineenergy.com
- Similar Companies
- Business
- Primeline Energy Holdings Inc. (PMEHF) is an independent oil and gas exploration and production company focused exclusively on upstream opportunities in offshore properties within the People's Republic of China; it engages in the exploration, development, and production of oil and gas reserves, primarily targeting the East China Sea region including assets such as the LS36-1 gas field development, which features a production platform, subsea pipelines connecting to onshore terminals, and gas sales infrastructure tied to regional grids serving dynamic markets in Shanghai and Ningbo. The company maintains operations centered in China, with historical emphasis on high-impact exploration blocks anchored by existing infrastructure hubs like LS36-1, which achieved first gas production in 2014 following milestones including development agreements with partners, project financing from institutions such as CDB, EXIM, and SPDB, and construction of processing terminals for gas handling, CO2 separation, and sales pipeline integration. Founded prior to its public listing on the TSX Venture Exchange under symbols PEH and PMEHF with headquarters historically based in Hong Kong and registered in the Cayman Islands, Primeline operates without noted active subsidiaries but faced significant operational suspension with trading halted on the TSXV since September 2020 due to a cease trade order; most recently, on September 18, 2024, the Grand Court of the Cayman Islands ordered its official liquidation under the Companies Act, appointing Joint Official Liquidators Simon Richard Conway of VCM Finance & Corporate Limited and Man Chun So of PricewaterhouseCoopers Limited, revoking directors' authority, updating the registered office to PO Box 258, 18 Forum Lane, Camana Bay, Grand Cayman KY1-1104, and anticipating delisting from the exchange amid insolvency proceedings where equity holders rank subordinate to creditors, with no share transactions valid absent court-approved liquidator consent.