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Primeline reprocessing East China Sea seismic data

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LONDON -- Primeline Energy Holdings Inc. is reprocessing regional 2D seismic data from block 25/34 in the East China Sea. The company is evaluating 23,000 km (14,291.5 mi) of seismic data plus information from 12 wells.

Recently, Primeline completed a testing program for the reprocessing of 2D seismic data of various vintages spanning over 20 years. On June 30, 2008, Primeline signed a contract with Hispec Research Corp. to reprocess a total of 3,520 km (2,187 mi) of 2D data during the next three months. Based on the final processing sequence, the contract will total approximately $250,000 to $350,000.

07/17/2008

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