Pennine holds discussions with suppliers and contractors in preparation for drilling in Albania's Velca Block

CALGARY, ALBERTA (February 6, 2018) – Pennine Petroleum Corporation (TSX-Venture: PNN) (“Pennine” or the “Corporation”) has been moving rapidly over the past month to establish a drilling bid framework for its earning well No. 1 in Albania’s Velca Block.

Carey Chilliak, who was appointed Pennine’s Vice President of Operations, Albania on Jan. 3, 2018, has created a tender process that aligns with terms of the Velca Block Production Sharing Agreement (“PSA”), and provides abundant transparency to satisfy local audits.

Mr. Chilliak is well known among local and European suppliers and contractors, and has been engaging in preliminary discussions with reputable drilling equipment suppliers—particularly drilling rig contractors and well service providers.

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