PENNINE SIGNS VELCA BLOCK PSA, ANTICIPATES ‘SEAMLESS INTEGRATION’ INTO ALBANIA’S ENERGY INDUSTRY 

CALGARY, AB (Feb. 14, 2017) – Pennine Petroleum Corporation (TSX VENTURE: PNN or the “Corporation” or “Pennine”) is pleased to announce that it has signed a Production Sharing Agreement (“PSA”) with Albpetrol Sh.A (“Albpetrol”) for the exploration and development of the Velca Block in Albania.

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