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Off-market insider buying at Pennine Petroleum (V:PNN)

Updated Thursday Nov 18, 2021 02:06 AM EDT

Neville Desmond George Smith, a Director, acquired 10,571,200 Common Shares on an indirect ownership basis for registered holder 600086 Alberta Ltd at a price of $0.030 through a private transaction on November 16th, 2021. This represents a $317,136 investment into the company's shares and an account share holdings change of greater than 100%.

Raymond H. Gertz, a Director, acquired 4,344,501 Common Shares on an indirect ownership basis for registered holder sea-ar enterprises at a price of $0.030 through a private transaction on November 17th, 2021. This represents a $130,335 investment into the company's shares and an account share holdings change of 23.6%.

Jeffrey Walter Saxinger, CFO and Director, acquired 3,468,546 Common Shares on a direct ownership basis at a price of $0.030 through a private transaction on November 16th, 2021. This represents a $104,056 investment into the company's shares and an account share holdings change of 58.5%.

Pennine Petroleum is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Pennine Petroleum Corporation is a Canada-based junior oil and gas exploration and development company. The Company is engaged in the evaluation, acquisition, exploration, and development of oil and gas in Western Canada. The Company is also investigating opportunities in the mining sector. The Company owns and operates properties in Western Canada, including Chauvin AB, Chinook AB, and Cygnet-Red Deer AB. The Chauvin AB operates a producing property with approximately gross 15 barrels of oil per day (BOPD), net approximately six BOPD. The Chinook AB holds 100% ownership interest in five natural gas wells. The Cygnet-Red Deer AB has 100% ownership in approximately two natural gas and condensate liquids wells, with seasonal production based on a higher-price regime.

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