| | | Thu Nov 30, 2006
Pennant acquires 100% interest in Bronson Property
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| | Pennant Energy Inc. (TSX.V-PEN) is pleased to announce that, further to the news release dated Aug 3, 2006; final interpretation of the 3-D seismic data on the Company's west central, Alberta property, "the Bronson" property, is complete. The Company is very pleased to announce that we have several drilling opportunities. Pennant had a 65% working interest in the Bronson Project and is very pleased to announce we were successful in negotiating the acquisition of the remaining 35% of the property for consideration of a payment of $225,000 and a 6% royalty. Pennant now has 100% interest in the property. The Bronson property, located in west central Alberta, is comprised of 1600 acres in an established producing area for oil and gas. We will be recording additional 3-D Seismic in December to pinpoint the drilling location. Seismic survey crews are already on the property.
For further information on any of our projects please feel free to contact the company at 604-689-1799 or visit our web site at www.pennantenergy.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
PENNANT ENERGY INC.
_"Jim Britton"______________________
Mr. Jim Britton
P. Geol. - Director
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release |
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| | You can view the Next News Releases item: Mon Dec 4, 2006, Pennant Farms Out Interest in Bronsen Property
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