Jan. 5, 2021
By Jon Harris, Chief Executive Officer
It goes without saying that 2020 was a terrible year for everyone and, in that context, the travails of Pennine and other junior oil companies pale in significance.
The oil-and-gas industry was already suffering before COVID-19 struck, and it’s unlikely that the junior sector will see any meaningful recovery in the near future.
On that basis, the decision the company took to investigate opportunities in the mineral sector is further justified. As vaccines start to roll out, 2021 will be a New Year in more ways than one, and for Pennine, the move into mining also represents a new beginning.