Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Pennine appoints Carey Chilliak as its Vice President of Operations in Albania

CALGARY, Alberta, Jan 03, 2018 (GLOBE NEWSWIRE via COMTEX) --

Pennine Petroleum Corporation ("Pennine" or the "Corporation") (TSX-V:PNN) is pleased to announce that Carey Chilliak has been appointed as Pennine's Vice President of Operations, Albania, effective Jan. 1, 2018.

Mr. Chilliak will provide leadership, business continuity, communication and transparency to all business units and transactions to fulfil Pennine's activities in Albania, while also ensuring rigorous Supply Chain Management (SCM) discipline and ethics.

"Carey has successfully guided critical SCM technical disciplines for all manner of oil and gas-related projects, including those in Albania," said Pennine's Chief Executive Officer (CEO) N. Desmond Smith. "Carey is well-versed in contract strategy and management, procurement and tender strategy and supervision, logistics, and inventory management, to name a few key areas. We are excited to welcome Carey aboard."

Mr. Chilliak previously served as Supply Chain Manager for Petromanas Energy Inc. / Shell Oil Company Joint Venture from September 2012 through May 2016, based in Tirana and Calgary. Previously, he had served in Kurdistan and Iraq as a Supply Chain Manager for Talisman Energy, and in Kazakhstan as a procurement and logistics manager for both Condor Energy and Nations Energy Limited.

In recent weeks, Pennine received final approval for its Velca Block Production Sharing Agreement (PSA) from Albania's newly formed Council of Ministers of the Republic.

Pennine has awarded Mr. Chilliak a Stock Option of 250,000 shares exercisable for five years at an exercise price of $0.05 per warrant.

Pennine also announces that warrants due to expire on Jan. 4, 2018 have been extended to expire on March 2, 2018.

About Pennine Petroleum Corporation: Pennine Petroleum Corporation is an emerging oil and gas exploration and development company (www.penninecorp.com) currently active in Albania, and the Canadian provinces of Alberta and Saskatchewan.

For further information, contact:

Pennine Petroleum Corporation

N. Desmond Smith

T: 403.277.4421

F: 403.277.4439

E: des.smith@penninecorp.com

Dean Stuart

T: 403.617.7609

E: dean@boardmarker.net

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

<img src="http://www.globenewswire.com/newsroom/ti?ndecode=MTUwIzcwNzM5ODA=" alt="" width="1" height="1"/>

(C) Copyright 2018 GlobeNewswire, Inc. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 63.65
Nat Gas 3.097
Corn 346 2/8
Cotton #2 81.20
Gold 1334.8
Copper 3.2065
Euro 1.22885
USD Index 90.360
SP500 E-mini 2794.75
DJIA E-mini 25944
close_icon
open_icon