Canadian Pennine Petroleum Corporation said that it has established a data room available to potential partners who are planning to participate in production sharing agreement for the Velca block in Albania.
CEO of Pennine Petroleum Desmond Smith said that the virtual data room contains all the geological and geophysical data, adding that so far, five access permissions have been issued. The company is considering joint venture participation as one of the options for raising funds for performing drilling activities in Velca block, while the other is raising funds on the London Stack Exchange, through the initial offering.
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