Aug 16 (Reuters) - Pentanova Energy Corp PNO.V :
* PENTANOVA ENERGY PROVIDES AN UPDATE ON THE SINU-9 AND TIBURON ASSETS
* PENTANOVA ENERGY-ANNOUNCES SINU-9 FARM OUT AGREEMENT WITH PANACOL OIL & GAS ,SUBSIDIARY OF LATAM OIL & GAS FAILED TO CLOSE BY AGREED CLOSING DATE
* ANNOUNCES SINU-9 ("SN-9") FARM OUT AGREEMENT WITH PANACOL OIL & GAS AGREEMENT HAS BEEN TERMINATED
* COMPANY HAS OFFERED TO CONTINUE DISCUSSIONS WITH PANACOL TO NEGOTIATE AN ALTERNATIVE AGREEMENT
* PENTANOVA ENERGY- GOT LETTER FROM CLEAN ENERGY RESOURCES S.A.S ALLEGING CO IN BREACH OF CERTAIN OBLIGATIONS UNDER SN-9 PSA, SO SN-9 PSA TERMINATED
* PENTANOVA ENERGY - RECEIVED LETTER FROM COLPAN OIL & GAS ALLEGING CO IN BREACH OF CERTAIN OBLIGATIONS UNDER TIBURON PSA, SO TIBURON PSA TERMINATED
* "CONSIDERS THAT THE ALLEGED BREACHES ARE WITHOUT MERIT"