Key PR's: IRVING, Texas, July 5 /PRNewswire-FirstCall/ -- PILGRIM Petroleum Corporation (PGPM), an independent oil and gas company, announced today corporate changes. Effective July 1, 2005, the President of the company, Ms. Kimberly Tiemersma has resigned and was replaced by Raphael Pinedo, who has been working as a Director and spokesman of the company for some time. Pilgrim's goal is to consistently increase shareholder value through discipline and execution of its business model. Pilgrim's strategy is to add value and reserves through the identification of prospects and marginal leases ...
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by gnulnx: "Sporadic 50-150% gains are unhealthy for a stock, IMO"
Yeah but there are great for human health if you are holding the stock!
LOL - Ya but, along with sporadic gains, the stock declines 50-100% for 3-5 days in between.
I don't know about you, but it sure wouldn't be healthy for my body, as my liver will be cussin' me out every morning. lol
Posts: 2554 | Registered: Nov 2005
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Pilgrim Petroleum Has Launched Chinese and French Versions of Its Website Wednesday April 5, 10:22 am ET
IRVING, Texas--(BUSINESS WIRE)--April 5, 2006--Pilgrim Petroleum Corporation (Pink Sheets:PGPM - News), an independent oil and gas company, announced today it has launched Chinese and French versions of its Website, www.apetroleum.com, to promote Pilgrim Petroleum's prospects and help divest non-operated oil and gas interests in the Texas counties of Wichita, Clay and Archer. We have targeted two companies in Primary and Secondary Recovery Techniques that will allow Pilgrim Petroleum to considerably increase its existing production levels. These new plans are intended to capitalize on the optimization of Pilgrim Petroleum's existing assets and capabilities by streamlining operations. ADVERTISEMENT
Rafael Pinedo, Pilgrim Petroleum's President, said, "This opportunity will provide us with an exciting opportunity to move forward through association with a dynamic industry and reflects the company's strategy for strengthening its presence with our partners in Tianjin, China, and Montreal, Canada."
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: And this PR... something is up here.
Pilgrim Petroleum Has Launched Chinese and French Versions of Its Website Wednesday April 5, 10:22 am ET
IRVING, Texas--(BUSINESS WIRE)--April 5, 2006--Pilgrim Petroleum Corporation (Pink Sheets:PGPM - News), an independent oil and gas company, announced today it has launched Chinese and French versions of its Website, www.apetroleum.com, to promote Pilgrim Petroleum's prospects and help divest non-operated oil and gas interests in the Texas counties of Wichita, Clay and Archer. We have targeted two companies in Primary and Secondary Recovery Techniques that will allow Pilgrim Petroleum to considerably increase its existing production levels. These new plans are intended to capitalize on the optimization of Pilgrim Petroleum's existing assets and capabilities by streamlining operations. ADVERTISEMENT
Rafael Pinedo, Pilgrim Petroleum's President, said, "This opportunity will provide us with an exciting opportunity to move forward through association with a dynamic industry and reflects the company's strategy for strengthening its presence with our partners in Tianjin, China, and Montreal, Canada."
Canada & China (Big Fish)
Are they intending to export oil that they extract to these countries? If so, China will gobble up all of that chit at a price to be determined by PGPM, IMO. We all know how fast China is growing.
Posts: 2554 | Registered: Nov 2005
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posted
Nope... DIVEST = sell my man. SELL. That's the whole point of the PR. They are advertising to potential buyers that they have wells with PROVEN reserves that are not operational right now that they are willing to sell..
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: Nope... DIVEST = sell my man. SELL. That's the whole point of the PR. They are advertising to potential buyers that they have wells with PROVEN reserves that are not operational right now that they are willing to sell..
Are you saying to sell tommorow?
Posts: 2554 | Registered: Nov 2005
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posted
No he's saying they were advertising to the chinese market to sell oil or oil reserves to. I think he is basically saying this is a BUY!
Posts: 383 | Registered: Apr 2006
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quote:Originally posted by redmax: No he's saying they were advertising to the chinese market to sell oil or oil reserves to. I think he is basically saying this is a BUY!
That was what I was asking in the first place. lol
Posts: 2554 | Registered: Nov 2005
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posted
I don't think that they are going to sell oil, but the wells themselves. I think they have too many wells... and only some are operational WITH proven reserves. Therefore, they sell some garner cash to do acquisitions themselves... that's the whole point about streamlining operations.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: I don't think that they are going to sell oil, but the wells themselves. I think they have too many wells... and only some are operational WITH proven reserves. Therefore, they sell some garner cash to do acquisitions themselves... that's the whole point about streamlining operations.
Are you suggesting that they are going to sell the oil wells, along w/ exclusive access on American soil, to extract OUR precious oil, to a foreign country?
Posts: 2554 | Registered: Nov 2005
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posted
Either way, i don't care if they sell the oil to China or some other country, as long as they make us money is all that matters.
Posts: 46 | From: LA | Registered: Apr 2006
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quote:Originally posted by banger187: Either way, i don't care if they sell the oil to China or some other country, as long as they make us money is all that matters.
Good Point - Let's hope it's for top dollar.
Posts: 2554 | Registered: Nov 2005
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posted
The Chinese are looking for oil from all over the world, from Iran to Nigeria. They need oil and they will not slow down any time soon.
Posts: 46 | From: LA | Registered: Apr 2006
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posted
everyone who wants to make some money should be buying in, imho.
look at the numbers...if they are close to right this thing is WAY undervalued.
I don't normally get this excited about stocks...but this one has all the makings of beachfront property.
Posts: 177 | From: Quebec | Registered: Mar 2006
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posted
wow, can't believe my sell limit of .235 got filled today.. wasn't able to watch this today and regret it.. o well.. i made a nice chunk off of this already.. still have 15% of my original shares left.. i think i'll stick around to see how far it can go.. i love free shares.. i still can't believe it.. i love this stock..and thank you again superman7
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
Do you guys think this will gap tomorrow in the a.m. or will it just start going up again???
Posts: 448 | From: New Jersey | Registered: Aug 2005
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posted
I think we may see a small gap up in the a.m then as buys start coming in it will take off again. I just get a general consensus from the forums that there are a lot of excited buyers in on this one.
Posts: 383 | Registered: Apr 2006
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posted
Like Phil Helmuth in the WSOP, I'm going "all in". Just got back this e-mail from the CEO.
Dear XXXXXXX
Thanks for the interesting question!, We will announce very soon details about all your questions and some more exciting activities.
Best Regards
Rafael Pinedo
----- Original Message ----- From: To: rpinedo*bpetroleum.com Subject: Shareholder Question Date: Tue, 2 May 2006 17:53:18 -0700 (PDT)
Mr. Pinedo,
Just wondering what the reason was for creating websites in Chinese and French. Can you explain that further? Is Pilgrim looking to sell some assets / wells that are not in use but have proven reserves to foreign companies? Or lease them out? Also, who are Pilgrim's partners in Montreal and Tianjin?
Posts: 6379 | From: PA | Registered: Dec 2004
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posted
Every 5 minutes I stumble across another large site featuring this stock. Things are going to go real high today. Just watch. Already gapping about 17% !
Posts: 383 | Registered: Apr 2006
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posted
I see this thing possibly going to 40-50 cents by weeks end and much higher within 2 weeks when addition PRs are said to be released.
I don't see a downside to this stock. The float has turned over almost twice in the last 2 days. There should be very nice support in the 15 cent area. Only place to go is up IMO
Posts: 383 | Registered: Apr 2006
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