Primeline Files Revised Form 51-101F1 and Annual Financial Statements

Source Press Release
Company Primeline Energy Holdings Inc. 
Tags Strategy - Corporate
Date March 18, 2019

Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange Inc. under the trading symbol “PEH”, announced today that, as a result of a review by the British Columbia Securities Commission (the “BCSC”), it is issuing the following press release to clarify its disclosure.

A continuous disclosure review conducted by the BCSC identified certain deficiencies in the Company’s Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information contained in the Company’s Annual Information Form for the year ended March 31, 2018 dated July 24, 2018 and in the audit report on the Company’s financial statements for the year ended March 31, 2018 filed on SEDAR. As a result, the Company has today filed a revised Form 51-101F1. The revisions consist largely of inclusion of items to address the requirements of Form 51-101F1, such as descriptions of properties with no attributed reserves, forward contracts and the Company’ tax horizon, and the inclusion of the Company’s prospective resources as of March 31, 2018 as an appendix. The Company has also filed revised audited annual financial statements for the year ended March 31, 2018. The revisions are to the audit report on such financial statements, and consist of changes to indicate that the audit was carried out in accordance with International Standards on Auditing, and to refer to the comparative period for the year ended March 31, 2017. There have been no changes to any line items or amounts in the financial statements.

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