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Primeline Energy appoints broker CLSA as advisor

China-focused E&P Primeline Energy Holdings has hired broker CLSA Singapore Pte to provide strategic and financial advisory services, it said.
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Primeline is focused in the East China Sea

China-focused E&P Primeline Energy Holdings Inc (CVE:PEH) has hired broker CLSA Singapore Pte to provide  strategic and financial advisory services, it said.

CLSA provides equity broking, corporate finance and capital markets and asset management services to global corporate and institutional clients.

Its parent is CITIC Securities -  China's leading investment bank.

Primeline is the operator of the petroleum contract with CNOOC for Block 33/07 (5,877sq km) and a 49% interest in the producing LS36-1 gas field in Block 25/34, together with CNOOC (51% interest and acting as operator).

Both blocks are located in the East China Sea. Field LS36-1 has been in production since July 2014.

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