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Company engaged in the acquisition, exploration and development of petroleum properties located in Western Canada.

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Message: is this the bad debt from last year? why is this not on agoracom $3g month?????

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Re: is this the bad debt from last year? why is this not on agoracom $3g month??

in response to is this the bad debt from last year? why is this not on agoracom $3g month????? by innele

posted on Dec 05, 07 04:42AM

Dear innele, thank you for your inquiry. On Sept. 7- (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd. announced that it is in the process of settling of up to $350,000 of its outstanding debt for shares at $0.20 per unit. Each unit shall consist of one share and one two year warrant to acquire one common share entitling the holder to purchase an additional share at $0.22 in the first year and at $0.25 if purchased in the second year. This debt settlement is subject to TSX approval.

This was later updated on Oct. 15 - Pemberton Energy Ltd. announced that it re-priced previously announced (September 7, 2007) debt settlement for shares of up to $350,000 of its outstanding debt to $0.30 per unit. Each unit shall consist of one share and one two year warrant to acquire one common share entitling the holder to purchase an additional share at $0.30 in the first year and at $0.35 if purchased in the second year. This debt settlement was subject to TSX approval.

Pemberton launched the Investor Relations program with Agoracom on Friday October 26, 2007.

Regards,

AGORACOM Investor Relations

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