Canadian Oil

[Arctec]

Jim Britton has an
86% success rate in drilling
Mr. Jim Britton has drilled 430 commercial oil and gas wells



As Pennant's Head of Exploration he has chosen our next well



Pennant will be drilling a deep offset well in 3 weeks time



3D seismic is done and offset property did 600 Barrels a day



Only 12.5 million shares outstanding



Pennant farmed out 50% to be carried to production



No Debt and stable cash flow from production



Closed at: $0.34 -- Jan 30, 2007


TSX Venture Symbol - PEN