Primeline Energy Holdings Inc. November 2015 Primeline Corporate Presentation November 2015 1
Building a leading Pan Asia/Pacific oil and gas company 1. TSX-V listed E&P China gas play with clean balance sheet and strong management team. 2. Production since July 2014 from 700m+ regional production infrastructure hub in East…
Access to Zhejiang gas grid LS36-1 is a strategic gas field close to Zhejiang Province - population of 50 Ningbo LNG million 4th largest economy in China. Rapid growth in past 10 years to 6.6 bcmpa. Slow down in 2015. Gas…
East China Sea becoming a significant gas production basin Proven petroleum province. New E&P focus in Xihu Trough (Basin) in northern East China Sea, anchored on two existing fields: Pinghu Field: onstream in 1998, 386 km 14…
2 Petroleum Contracts in the East China Sea Block 25/34 Block 33/07 LS36-1 gas field producing since 2014. 7.5 year exploration period of three 15 years production period phases (3.5 + 2 + 2 years) thru May 2020. 85 km2. 5,877…
Strategy leverages infrastructure hub to monetize upside LS36-1 gas field in production, accessing market Newly acquired through the regional 600 km2 of 3D seismic production infrastructure hub. High impact exploration in the…
LS36-1: Infrastructure hub is completed Platform facility. 4 development wells. Subsea pipeline: 126.9km to onshore terminal. Sale gas pipeline: 32 km - to grid. Primeline Corporate Presentation November 2015 7
Prospective resources of 1.5TCF (McDaniel) Prospective Resources - Natural Gas Risked (2) Prospective Resources - Unrisked (1) Chance of Resources Success (3) Prospect Low Medium Mean High Mean MMcf MMcf MMcf MMcf MMcf % LS36-1…
Additional resources in lower zones Current Producers are in M1-1 an M1-2 sands. Additional gas in other sands and in lower tight reservoirs. Cross-section of LS36-1 M11 M12 M2 M31 M32 L1 L2 Primeline Corporate…
Reserve additions via Phase 2 drilling from platform Existing wells shown in black LS36-1 M11 Sth well LS36-1 M10 well 30-8 Exploration Prospect Wells LS36-1 M2 & M3 LS36-1 M11 SW well wells 8 locations and well…
LS36-1 Field Nearby Prospects 2014 600 sq km 3D seismic expanded 3D seismic coverage to 1,300 sq km in the gas play. Exploration drilling in 2015 to tap into prospects in the vicinity of LS36-1 producing field. Future 3D…
Exploration Drilling Programme 2015 Block 33/07 showing well locations and LS36-1 Gas Field Western Margin Fault Block Zone LS23-1-1 LS30-3-1 First well: LS23-1-1 TD 2666m Second well LS30-3-1 TD 1800m Primeline…
Seismic Correlation A A LS35-3-1 LS36-1 Field Prospect LS30-3 LS23-1 Gas Gas Flow Shows T42 Horizon T50 Horizon A A Primeline Corporate Presentation November 2015 13
LS23-1-1 Oct 2015 Lower MYF and Lingfeng Primary targets LS23-1-1 Zone of gas shows Primeline Corporate Presentation November 2015 14
LS30-3 Prospects 1C amplitude anomaly with AVO Minimum Amplitude Extraction 5ms window on Fullstack Strongest AVO Weaker AVO P50 Area P10 Area Primeline Corporate Presentation November 2015 15
Proposed well location LS30-3-1 LS30-3-1 S4 (approx T41) S3 S2 1C 1A 1B T42 Primeline Corporate Presentation November 2015 16
LS30-3 Canyon RMS amplitude Primeline Corporate Presentation November 2015 17
Valuation reflects neither progress to date nor upside potential Phase 1 of LS36-1 Gas Field is in cash flow. Selling into one of the key provincial economies in China despite slower demand recently this remains one of the highest…
Appendices Supplementary Technical and Operational Data Board of Directors Management and Technical Team Corporate Structure Primeline Corporate Presentation November 2015 19
LS36-1: Development milestones Commercial Agreements Gas Sale Agreement-in-principle signed, subsequent Framework and Amendment October 2008 Agreements signed in 2011 and 2012 End 2009 Overall Development Program completed March…
Development in images Jacket Installation Development Drilling Topside lifted May 2013, September 2012 completed April 2013 installation completed June 2013 Primeline Corporate Presentation November 2015 22
Onshore Processing Terminal in operation Primeline Corporate Presentation November 2015 23
LS36-1: Wells LS36-1-2 LS36-1-1 A3 A5 A4P P Proposed Horizontal Well A2H A1M M1-0 Mapped Area Top M1-2 / M1-1 Merged & M1-0 (Patch) Contoured to GWC (5m CI) Primeline Corporate Presentation November 2015 24
Board of Directors Victor Hwang Chairman and President Mr. Hwang is Executive Director of the publicly listed Hong Kong Parkview Group Ltd., a division of the family controlled Chyau Fwu Corporation. Parkview's core business includes…
Board of Directors Peter Kelty Non-Executive Director Mr. Kelty has extensive experience in restructuring and financing major Asian regional corporations as well as advisory work for European and US multi-nationals. Mr. Kelty is a…
Management & Technical Team Ming Wang Director and CEO Dr. Wang He joined Primeline in 1994 and was appointed as Vice President of Exploration in December 1996. Since then he has been responsible for all technical and commercial…
Management & Technical Team Alan Soulsby Technical Director Mr. Soulsby joined as Technical Director in 1994 and was responsible for the initial block selection and the exploration programme which led to the LS36-1 discovery and ongoing…
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