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Author Topic: PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT!
superman7
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PGPM .011 says possible val of $33.15/sh in pr just out->


Pilgrim Petroleum Announces Record Income for Quarter and Increase of Potential Oil Reserves
Monday May 1, 10:43 am ET


IRVING, Texas--(BUSINESS WIRE)--May 1, 2006--Pilgrim Petroleum Corporation (Pink Sheets:PGPM - News), an independent oil and gas company, announced today its plans of steadily working on increasing production in its current portfolio of leases on American Petroleum Corporation & General Energy Corp both subsidiaries and operators of Pilgrim.
Based on a 12,000-acre portfolio of proven undeveloped fields in the area of Archer and Wichita County, Texas, Pilgrim Petroleum estimates very high volumes of recoverable reserves. If the whole estimated subsurface is taken into consideration when calculating the potential of recoverable oil, the estimation reveals an approximate of 900 million barrels of recoverable oil.

(Total reserves based on 12,000 productive acres
12,000 acres x 500 feet x 150 barrels per acre foot =
900 million barrels of recoverable oil)

The net effects for the valuation of Pilgrim's stock with this potential recovery can be calculated as follows:

At US$60 per barrel for proven reserves and a portfolio that generates 900 million barrels of oil, Pilgrim Petroleum can be valued conservatively at 900 million barrels x 20% net revenue interest to Pilgrim Petroleum x US$60 per barrel = $10.08 billion less $100 million net development cost = $US10.07 billion in potential assets if fully developed. Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share.

Pilgrim Petroleum Corporation CEO Rafael Pinedo said: "With these projections in hand, our objectives as a firm are steadily being accomplished as well as our serious commitment to our nation's energy supply."

Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.


Contact:
Pilgrim Petroleum Corporation, Irving
Eddie Monet, 619-864-0166
Fax: 214-687-0019
www.apetroleum.com

--------------------------------------------------------------------------------
Source: Pilgrim Petroleum Corporation

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please dont trade stocks on my alerts, do your dd first.

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Repoman75
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Radaring.. not missing another NDOL.

Give us the share structure!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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superman7
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i am looking i am looking

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please dont trade stocks on my alerts, do your dd first.

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Repoman75
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USed to be a STOCK STER pick in Dec. 05

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Stick with Repo's plan in '07 - FRPT/DKAM!

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J_U_ICE
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my bad I posted another thread. this looks good

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The difference between genius and stupidity is that genius has its limits

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superman7
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they say shares could be $30+ has to move alittle on this lol

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please dont trade stocks on my alerts, do your dd first.

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superman7
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10 times daily moving average..so volume is good too

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please dont trade stocks on my alerts, do your dd first.

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TheCreator
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yeah i've been watching all the buys come in since the PR and it still hasn't moved... that's the only thing that bothers me.
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Johnwayne
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OS is 324 million. That's all I could find.

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Thanks Matto. Thanks Juice.

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lostone
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it's not filling at the ask price, at least not yet.. taking a while

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lostone

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lostone
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ok, it filled

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lostone

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moosehead9nc
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yea, it too me a while too
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moosehead9nc
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bid just moved up
now .01 x .011

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buckstalker
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BxA tightening

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***********************

It's all in the timing...

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moosehead9nc
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huge buys are coming in
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lostone
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wow, a mil shares just went thru

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lostone

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superman7
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ok just doubled my position

i am really likeing this one

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please dont trade stocks on my alerts, do your dd first.

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lostone
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dang, i sure hope this one rockets, especially now after being burnt by JPHC .. sold for a massive loss today..

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lostone

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superman7
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last time PGPM had heavy vol it 4 bagged (see June 05 on chart)

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please dont trade stocks on my alerts, do your dd first.

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Johnwayne
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Superman - what makes you so sure on this one?
Could be a buyout target here, but that is a hunch not DD.

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Thanks Matto. Thanks Juice.

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moosehead9nc
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ask just moved to .013
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lostone
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quote:
Originally posted by Johnwayne:
Superman - what makes you so sure on this one?
Could be a buyout target here, but that is a hunch not DD.

i think it's b/c of that PR

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lostone

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superman7
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well i like the way they value there shares at $30+ lol...i know they are probably not worth near that much but it could be worth .10 lol so i am likeing it...also the volume is huge makes me think it can can atleast be a 10 fold on that as momo comes is

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please dont trade stocks on my alerts, do your dd first.

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Repoman75
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Post the link to Level II on pinksheets

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Stick with Repo's plan in '07 - FRPT/DKAM!

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buckstalker
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Bid
.01 NITE
.01 ETRD
.0065 UBSS

Ask
.013 FANC
.015 ETRD
.016 UBSS
.025 NITE

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***********************

It's all in the timing...

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superman7
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the momo is going to come in here real soon now 20 times moving average!

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please dont trade stocks on my alerts, do your dd first.

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deleet
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im in at 0.011
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lostone
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is this being talked about on other boards?? be nice to have more exposure for that momo..

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lostone

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buckstalker
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NITE just raised the bid

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***********************

It's all in the timing...

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lostone
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whoa! nice 1mil shares went thru at .013

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lostone

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buckstalker
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ETRD raises NITE bid at .012 and a million share buy goes through at .013

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***********************

It's all in the timing...

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moosehead9nc
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here we go..
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superman7
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12 by 13

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please dont trade stocks on my alerts, do your dd first.

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lostone
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man, if this is a 10bagger, i would make up for all my losses since march.. and some

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lostone

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moosehead9nc
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who knows could be the next ndol
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