SOURCE: Primeline Energy Holdings Inc.

November 10, 2014 09:55 ET

Primeline Announces Appointment of CFO

HONG KONG, CHINA--(Marketwired - November 10, 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) announces that it has appointed Stuart Joyner as Chief Financial Officer with immediate effect.

Mr. Joyner joined Primeline from AIM listed Sound Oil where he held the CFO position since July 2013. He will be based in London and replaces John Li who has been acting as interim CFO.

Stuart has 20 years' experience in the oil and gas sector, 18 years of which were in investment banking and capital markets. He headed sector coverage for Investec and Credit Suisse and previously worked with Morgan Stanley, Dresdner Kleinwort and NatWest Securities.

Ming Wang, Chief Executive Officer of Primeline commented: "We are delighted to welcome someone of Stuart's calibre and extensive experience in capital markets and corporate finance to Primeline. This appointment strengthens our senior executive team and Stuart will enhance our investor relations and investment banking presence as we go into 2015 -- an exciting year for the Company."

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. Primeline has a 36.75% interest in the LS36-1 gas field in Block 25/34 which started production in July 2014, together with its affiliate company Primeline Petroleum Corporation (12.25% interest) and CNOOC Limited (51% interest and acting as Operator for the field development and production). 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 robin@chfir.com and specify "Primeline Energy" in the subject line.

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.

Contact Information

  • Primeline Energy Holdings Inc.
    Dr. Ming Wang
    CEO
    +44 207.499.8888
    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 ext 228
    +1 416.868.6198 (FAX)
    robin@chfir.com

    VSA Capital Limited
    Andrew Raca
    Head of Corporate Finance
    +44 203 005 5000
    ARaca@vsacapital.com