PEH Primeline Energy Holdings Inc

NOT FOR DISTRIBUTION TO U.S. NEWS WIRES SERVICES, OR DISSEMINATION IN THE UNITED
STATES.


Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH)
is pleased to announce the appointment of John Li as interim CFO of the Company.
He will serve in that capacity until a permanent CFO is found. Mr. Li replaces
Brian Chan, who has served as CFO since 1995. Mr. Chan will remain as a director
of Primeline.


Mr. Li is the CFO (China) of Beijing Chyau Fwu Properties Company Limited.,
which is part of the Parkview Group and owned by the family of Primeline's
Chairman, President, and largest shareholder, Mr. Victor Hwang. He has over 30
years experience working in various financial capacities for public and private
companies. Mr. Li is a Certified Public Accountant qualified in Hong Kong and
Australia, and graduated with a Masters in Practicing Accounting from Monash
University in Australia.


Mr Chan has always acted on a part time basis seconded by Parkview Group and Mr
Li will act in the same way but, in view of the imminent completion of the
LS36-1 gas field development with first gas anticipated in the 2nd half of this
year, it is now essential that Primeline has a full time dedicated CFO.
Accordingly, Primeline has engaged a recruitment agent to search for a suitable
CFO.


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
Petroleum Contract 33/07 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 (acting as
operator for the development) together with Primeline and PPC. Shares of the
Company 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@chfr.com and specify "Primeline
Energy" in the subject line.


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 timing of first production from the
LS36-1 gas field. While these statements are based on assumptions believed by
management to be reasonable, actual results may vary from those anticipated in
such statements. Gas may first be produced from the field at a later date, or
not at all. If gas is produced later than expected or is not produced, revenues
from the sale of such gas may be realized later than presently anticipated, or
not realized at all. Exploration for oil and gas is subject to the inherent risk
that it will not result in a commercial discovery.


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 (FAX)
IR@pehi.com
www.pehi.com


CHF Investor Relations
Robin Cook
Senior Account Manager
+1 416.868.1079
+1 416.868.6198 (FAX)
robin@chfir.com

Grafico Azioni Primeline Energy (TSXV:PEH)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Primeline Energy (TSXV:PEH)
Storico
Da Giu 2023 a Giu 2024