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July 22, 2008  Pennant Grants Stock Options
July 10, 2008  Pennant to Drill on Badger Property, Southern Alberta
June 26, 2008  Pennant and Highpine - Pembina well Tests capable of 758 BOEPD
June 09, 2008  Pennant Flow Tests Well at Maximum Allowable Rates
May 27, 2008  Pennant Signs Seismic Option Proposal
May 23, 2008  Pennant and Highpine commence production testing of Pembina well
March 27, 2008  Pembina 16-29 Well Update
March 13, 2008  Pennant commences drilling Pembina well with Highpine
February 21, 2008  Pennant Signs Letter of Intent
January 18, 2008  Pennant 3D Seismic shoot successfully completed

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