Tag: Pennine

Pennine seeking partner for Velca block – Albania, 1 August 2018

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 […]

Pennine to start drilling in Velca block in Q3 2018 – Albania, 23 February 2018

Canadian Pennine Petroleum Corporation announced that it expects to start initial drilling of the well in Velca block in early third quarter of 2018. The statement from the company also said that it expects to determine the exact location of its first well within Velca block in the next six weeks after a complete integration […]

Pennine Petroleum to start drilling in Velca block – Albania, 6 February 2018

Canadian Pennine Petroleum Corporation announced that it is currently holding negotiations with suppliers and contractors regarding the drilling process in Velca block in southern Albania and that the drilling should start soon. In November 2017, the company obtained the final approval of a Production Sharing Agreement (PSA) from the Albanian Government for exploration, development and […]