Mr. Andrew Biggs reports

UPDATE ON AWARD IN CNOOC ARBITRATION

Primeline Energy Holdings Inc. has provided an update regarding its previously announced arbitration with China National Offshore Oil Corp. and CNOOC China Ltd.

Primeline announced in its press release of Jan. 9, 2020, that based upon communications between its lawyers in the CNOOC arbitration and the arbitral tribunal, the tribunal anticipated the final award would be ready to be transmitted to the parties by the end of February, 2020. Primeline has now received further communication from the tribunal, which has advised that it now anticipates that the award will be ready for notification to the parties within the next 30 days.

About Primeline Energy Holdings Inc.

Primeline is an exploration and production company, focusing exclusively on Chinese natural resources under petroleum contracts with CNOOC in the East China Sea. The LS36-1 gas field has been in production since July, 2014.

We seek Safe Harbor.