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Bullboard - Stock Discussion Forum Pennant Energy Inc PENFF

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Pennant Energy Inc > Pennant regains ownership of Bronsen
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Post by wintersun10 on Jul 27, 2010 3:12pm

Pennant regains ownership of Bronsen

Pennant regains ownership of Bronsen

2010-07-26 17:08 ET - News Release

Mr. Thomas Yingling reports

BRONSEN PROPERTY

Pennant Energy Inc. has entered into an agreement andreleased Universal Wing Technologies Inc. (formerly Austin Developments Corp.) of its obligations tothe farm-out agreement dated Dec. 4, 2006, in consideration for a cash payment of $35,117. Theproperty is once again owned 100 per cent by Pennant Energy.

The Bronsen property comprises 1,280 acres in an established producing area in west-centralAlberta.

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