Pennant Energy Inc PENFF

not good, from the md&a on sedar

[goose542]

There can be no assurance that the Company will be able to obtain adequate financing in the future or that the terms of such

financing will be favourable. If adequate financing is not available when required, the Company may be unable to continue

operating. The Company may seek such additional financing through debt or equity offerings, but there can be no assurance

that such financing will be available on terms acceptable to the Company or at all. Any equity offering will result in dilution to

the ownership interests of the Company’s shareholders and may result in dilution to the value of such interests.

The Company expects its current capital resources will not be sufficient to complete its exploration and development plans and

operations through its current operating period and will be required to raise additional funds through future debt or equity

issuances.

[wintersun10]

that is a standard warning for these penny stocks, what you want is an update on the status of these wells, that is the only thing that matters

[pennymaker69]

i posted that on dei's board as its dead here...