Primeline Appoints Interim CEO

Source Press Release
Company Primeline Energy Holdings Inc. 
Tags People
Date March 28, 2019

Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange Inc. under the trading symbol “PEH”, announced today that Dr. Ming Wang has stepped down as CEO of the Company and the Board has appointed Andrew Biggs as the interim CEO to lead the company through the current stage.

Dr. Wang has been a director of the company since 2000, and CEO for almost 13 years, since 2006, previously Vice President of Exploration from 1996 to 2006. During this time, Dr. Wang led the discovery of the LS36-1 gas field, the commercialization of the field including the development agreements and gas sale contracts, the development operation (jointly with CNOOC) and the financing of the development of the gas field and its subsequent operation.   

Dr. Wang is leaving to take up an opportunity in another non-competing industry but will remain as director to assist on various issues to ensure a smooth transition and will continue to be involved at least until the Company receives the award of the arbitral tribunal in the arbitration against CNOOC. Mr. Biggs has been the Company Secretary and General Counsel since 2007 and has at all times been fully involved in the management of the Group with Dr. Wang.

Mr. Victor Hwang, Chairman and President, commented, “The Board thanks Dr. Wang for his service and contribution to the company and we are pleased that he will remain as a director to ensure continuity. Until the resolution of the arbitration against CNOOC, the Company’s direction is constrained and Mr. Biggs is the best person to be interim CEO in this current stage of the Company’s development.”

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd