Pennine signs MOU for petroleum, natural gas rights on producing Alberta property

CALGARY (May 6, 2019)—Pennine Petroleum Corporation (PNN:TSX-V) (“Pennine” or “the Company”) is pleased to announce that it has signed a Memorandum of Understanding to undertake a business combination transaction with a private company.

Pennine is seeking to acquire assets located in southwest Alberta with a 50% to 100% working interest, in addition to operatorship. The property contains wells and infrastructure with approximately 12,000 net acres of petroleum and natural gas rights.

Click here to see the full PDF document