Pennant Energy Inc.

Pennant's President Thomas Yingling is a successful seasoned venture capitalist who benefits from over 13 years experience in running resource based public companies. Mr. Yingling has served for over a decade as President of Brahma Communications Corp., an investment consulting firm that specializes in corporate finance, investor relations and strategic corporate planning for publicly traded companies. Mr. Yingling was appointed President of Pennant Energy (formerly Pentaco Resources) on June 25 2003. He effectively restructured Pennant Energy from a floundering mining Company to a successful oil and gas producer. Thomas through his diligence and hard work has positioned the Company on the path to success by creating a strong foundation, exemplary management team and positive cash flow for the shareholders of Pennant Energy.

Mr. Britton brings to the Company a wealth of experience spanning over 45 years in the oil and gas exploration and development business. During his distinguished career, he has been instrumental in successfully commercializing over 430 oil and gas wells, some of which are still prolific producers. Mr. Britton has the much envied track record of drilling 86% commercially successful wells. Most recently, they include his discovery of a major strike in the B.C. Foothills for Dynamic Oil & Gas, Inc. - a company in which he rose to the position of Vice President, Exploration and Development. Before retiring from the company in late 2003, he was also credited with the re-completion of a well in Alberta's St Albert Oil Pool, which led to the development of 60 billion cubic feet of reserves and a deliverability of 16 million cubic feet of gas per day.

An accomplished and well-renowned geophysicist with a multi-disciplinary geological background in the oil & gas business, Allan Carswell brings to Pennant Energy a wealth of experience from having worked all over the world. Furthermore, he has also been involved in a number of important oil pool discoveries across North America. Drawing upon the invaluable experiences of having worked for oil & gas industry leaders Esso Resources and Texaco Canada Resources, he has in recent years developed a successful career as an oil explorationist. This has involved working with a number of very successful small to mid-tier energy companies, in several of which he has played key management roles. He continues to manage his own consulting firm, Osoyoos Geosciences, which helps direct exploration projects in the Middle East and Latin America.

David Finn is a well-regarded petroleum consultant who has been active in the oil & gas business for over 30 years. He began his oil and gas career as an employee with Amoco Canada Petroleum Company Ltd. in the geological and engineering departments where he was involved in petrophysical and economic analysis of company interests in the Western Canadian sedimentary basin. From Amoco he moved to the British Columbia Petroleum Corporation where he was responsible for monitoring the development activity and natural gas performance of northeastern British Columbia gas fields. During the last decade, Mr. Finn has consulted primarily to Gilbert Lausten Jung Associates Ltd. ("GLJ") -- one of Canada's most respected oil & gas engineering firms. As a consultant to GLJ he provided evaluation services for new emerging public and private companies including preparation of reports for securities and financial institutions, property acquisition/disposition analysis and drilling prospect reviews. Properties evaluated included most of the conventional oil and gas areas of the Western Canadian sedimentary basin, shallow gas reservoirs of southeastern Alberta and non conventional basin centered gas reservoirs of the Green River Basin, Wyoming.