Oct. 28, 2009 (TheNewswire.ca) --
October 28th, 2009 - CALGARY, ALBERTA - Pennine Petroleum Corporation (TSXV:PNN) (PNN on TSX.V)(the "Company") announces that it has received a Statement of Claim filed against the company by Montello Resources. (TSXV:MEO) Pennine is of the view that the claim is entirely without merit and intends to vigorously defend the action. The Company will advise of any material developments in the action as they arise.
About Pennine Petroleum Corporation
Pennine Petroleum Corporation is an emerging oil and gas exploration and development company active in Alberta, Saskatchewan, and British Columbia. The Company's strategy is based on increasing cash flow by focusing on drilling and well re-completions on selective land areas where it currently operates.
For further information, contact:
Pennine Petroleum Corporation
N. Desmond Smith
T: 403 277-4421
F: 403 277-4439
E: des.smith@penninecorp.com
Boardmarker Group
Dean Stuart
T: 403 517 2270
E: dean@boardmarker.net
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