Oil and Gas

Primeline Energy Holdings Inc. (TSX VENTURE:PEH) reported further progress in the drilling of the LS 35-3-1 exploration well in Block 25/34 East China Sea.

Primeline Energy Holdings Inc. (TSX VENTURE:PEH) reported further progress in the drilling of the LS 35-3-1 exploration well in Block 25/34 East China Sea.

The press release is quoted as saying:

At 13:00 EST on the 4th May (01:00 a.m. 5th May 2010 China time), the well reached the planned total depth (TD) of 2,886 m. During the May 4th drilling operations, sandstone intervals with gas shows and weak oil shows, in addition to those announced in Primeline’s May 3rd press release, were encountered at the prognosed third target zone.

Click here to access the entire press release

Click here to access Primeline Energy Holdings Inc. Corporate Site

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