CALGARY, AB (Nov. 10, 2016) – Pennine Petroleum Corporation (TSX VENTURE: PNN or the “Corporation” or “Pennine”) is pleased to announce a number of appointments to its executive team and committees.
Richard Wadsworth, P. Eng. has been appointed to the position as Chairman of the Corporation. Mr. Wadsworth was a co-founder of Bankers Petroleum Ltd. (“Bankers”) and maintains strong relationships with Albanian energy entities and individuals. Bankers was the largest foreign direct investor in the Republic of Albania, and was recently sold to Geo-Jade Petroleum for the sum of approximately C$575,000,000. Mr. Wadsworth will be working closely with management to advance the Corporation’s strategy and activities in Albania, including the expected conclusion to the Velca production sharing contract.