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Author Topic: PGPM..HUGE ALERT..LOOK AT THE PR JUST OUT!
OILDOG
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quote:
Originally posted by lostone:
most ppl are consistent for a reason.. =)

Must have had a sheepkiller somewhere back in my family tree. Bad genes.Once I start woolin',just cant quit till theres no twitch left in the carcass.All the bleating and bbaaaain' just spur me on. woof woof [Big Grin]
I remember the run back in June '05,same story.
Early last year they were gonna drill new wells,had the rigs/equip lined up,Pinedo on west coast getting Chinese "stuff",ready to go.......never happened.
Gonna get Barnett Shale leases....never happened
Big "proven reserves"........nothing
After the June pump & dump,they changed their name from BNP Petroleum(BPET) to Pilgrim,laid low till this May
Phony PR,phony "reserves",gonna drill,same old story.Really WEIRD "ratio" PRs [Roll Eyes]
Today,fresh troops(imo) start new thread,supposedly "talk" to Eddie,float is now 125 mil. Was 80 mil + or -,which means theyve dumped about 45 mil into the float,at say,.10 avg after the run,theyve sucked $4.5 mil from people,at least.They have some bucks now,so are they going to drill on these great reserves they have? No. They announce their going to buy some fleabitten service/workover company. Most OIL companies hire to do that,its deductible.Lease production costs.
None of the money they made on the June P&D made it into their unaudited financials(naturally).
All their clumsy nearly incoherent PR's tell me they have virtually no oil experience or expertise,no superior tech or efficiency....no potential.They just keep working the same scam,over & over.
They have TWO "promo/scam" firms,Warrior Crapital and American Crapital Investments working this thing,with no telling how many nooget eating pumpers with multiple id's on this board,pumping away. Go back a few pages and you can see a few get Frey'ed by the Admin.More showed up today,started a new thread,noticed he changed his id within minutes,thread id,then it got changed back and locked. Very curious, no?
heh. The real bleating started when I posted stuff off their own website and RR commission info on the handful of wells they had.Then the attack yorkies.wwwooooofffff! [Big Grin] Y'all can keep working that side with the paid pumpers/scammers/rats, I'll work this side.JMHO (I'm soooo humble)Have fun,I am. [Big Grin]

--------------------
It takes a lot of attaboys to make up for an aww chit

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js49886
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Slow day.
On a side note... Zarqawi is dead!

--------------------
"Money, so they say
Is the root of all evil today."

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Egg Inspector
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Oil...my goodness. did you get my personal Msg's. I am not a "nooget eating pumpers with multiple id's on this board,pumping away". truly. I am just a newB who got sucked in this PGPM. everything you say looks real, but it is purely circumstantial concerning me.

LOL... I can totally see how I would seemed to have been a part of this though. The ID thing "egginspector" is something I was doing because I relized I could...( I was actually communicating in my 1st or 2nd thread ever) 'Egg' is my handle going back 10 years to when I fist chatted in Yahoo Chat...Wild though. You definetly showed me how one can get sucked in

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Egg Inspector
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I call the companys personally. Pilgram seemed alot smaller than their PR. the spokesman definitely back peddled from the $33.15/share PR. said they have 6 employees, many more temp workers, etc...
as of yesterday: 322M shares total/125M in float, the rest restricted. a restricted share holder will allowed to sell approx. 3M shares every 90 days beginning in fall.

(I am just reporting what the spokesman said)

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zigster
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there is some potential but are they actually producing any oil now and if not how much longer till drilling starts
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Egg Inspector
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since I have been accused of being a pumper <in another thread>

"I didn't even know what a pumper was until this morning!"

my position is:

bagholder...1000 shares / in * $0.08

I am newB who found this a few weeks back. (PR about 900M barrels - found it erroneously listed in an Oil play news section I have that is legitamate) called them, read 5 or 6 other news items, liked the chance and threw my last $80.00 in the Amertrade account at it.

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cactus33
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80 bucks your a high roller.. dont break the bank whatever you do..
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OILDOG
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Zig, minority working interest (20%) in depleted fields in North Texas. Majority of wells plugged and abandoned.PR was hype/scam. Gustavson report identified "potential" for at least 1 target. But, they have to find,and drill it first,dont they.Most everything,reports,unaudited financials,ect., on their website: bpetroleum...
Very little income. Weird PR's. You can go back to page 48 here and find dd & humble opinions. [Big Grin]
Egg,you join,on day 2 or 3 yer pickin',in caps, with THIS IS REAL!heh heh. Stars on yer 2or3 day,may be multiple id "votes" or "pals".lmao.
I start quizing and within minutes yer changing yer id......come on,too funny.I may be wrong,but I dont think so. We'll see.And I notice you have another pick up..my,busy little chickie,arent you,for someone that didnt know "what a pumper was until this morning"....hhmmmm.

--------------------
It takes a lot of attaboys to make up for an aww chit

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Repoman75
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quote:
Originally posted by cactus33:
80 bucks your a high roller.. dont break the bank whatever you do..

Hawhaw hahaa! Good one.

And I don't bash EVERY stock, only POS's that put out fluff PR's, do R/S, dilute, and steal money from shareholders, like these guys.

Death to this pig!

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

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Egg Inspector
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yes Cactus, I am small time...I was told only risk $ you can afford to lose. ont hese Micros I stick with either 1000 shares or $100 whichever comes first. As I learn I will get bolder.


What is this and why is the stock symbol PGPM?

BNP Petroleum Corp Ticker Symbol PGPM: Current Price (0.0762) www.smallcapstockalert.com

BNP Petroleum Corp. operates as an oil and gas exploration and development company in the United States. The company primarily engages in development drilling, workovers, behind pipe recompletions, and secondary recovery operations. Its properties include morgan lease, morgan tract 2 lease, and douglas mineral trust lease in North and West Texas. The company also provides well management, basic accounting, land administration, regulatory consulting and reporting, engineering, environmental, pumping and drilling supervision, and marketing services through its subsidiary, American Petroleum Corp. BNP Petroleum is headquartered in Irving, Texas.

As for OD, I tried to make peace with you...obviously not worth it.

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OILDOG
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Egg, just being cautious. Too many pumper/scammers come here to tout no hope shells to get peoples money. We'll see. If I'm wrong,I'll apologize. [Big Grin]
Pilgrim was BNP Petroleum. Last pump & dump was last June, changed their name to Pilgrim July 5,'05.

--------------------
It takes a lot of attaboys to make up for an aww chit

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Egg Inspector
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got out of PGPM....baggin * .065. of course the next trades were right back to .08....has settled * .07.

A Lesson Learned!

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Repoman75
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Egg, good job. Better now than when it's .03

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

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Hold-em-er-fold-em
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usiness Editors / Energy Editors

IRVING, Texas--(BUSINESS WIRE)--June 9, 2006--
Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an
independent oil and gas company, announced today it has closed on its
previously announced acquisition of Daniels Well Service, located in
Saginaw and Olney, Texas. This company provides an assortment of well
site services in the North West Texas area. Its operating asset base
includes well servicing rigs, tools, as well as other drilling service
equipment. The combined effort of our contractors and the Daniels
acquisition allows us to provide more effective coverage to our
properties. Year-over-year growth reflects the strong demand for well
services as historically high oil and gas prices caused well owners to
try to keep every oil and gas well in production.
Rafael Pinedo, President and CEO, said, "Daniels is the type of
asset we find most attractive for our company as we move our
exploration and redevelopment to different areas in Texas."

About Pilgrim Petroleum Corporation

Pilgrim Petroleum Corporation is an independent oil and gas
company based in Irving, Texas. The company is acquiring oil and gas
leases, producing properties, mineral rights, and surface interests in
Texas. Once acquired, the company intends to develop each property to
maximize the income from each property by refurbishing and improving
the existing production.

Forward-Looking Statements

The statements which are not historical facts contained in this
release are forward-looking statements that involve risks and
uncertainties, including but not limited to, the effect of economic
conditions, the impact of competition, the results of financing
efforts, changes in consumers' preferences and trends. The words
"estimate," "possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the statement
was made. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, because of new information,
future events, or otherwise. Future events and actual results may
differ materially from those set forth herein, contemplated by, or
underlying the forward-looking statements.

2006 Pilgrim Petroleum Corporation. The information herein is
subject to change without notice. Pilgrim Petroleum Corporation shall
not be liable for technical or editorial errors or omissions contained
herein.


KEYWORD: NORTH AMERICA TEXAS UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES NATURAL RESOURCES MERGER/ACQUISITION PRODUCT/SERVICE
SOURCE: Pilgrim Petroleum Corporation


CONTACT INFORMATION:
Pilgrim Petroleum Corporation, Irving
Eddie Monet, 619-864-0166
www.apetroleum.com

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The Phat Man
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it'll be interesting to see if the public still trusts pgpm enough as to whether this PR takes it out of the red. for those in this, i hope it takes off for ya.

--------------------
Cashing checks in two forms: Money and Reality

GLTA,
The Phat Man

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Hold-em-er-fold-em
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This isn't the PR to take this out of the red, but it is a another good step showing Pilgrims commitment to move forward.

Pilgrim isn't concerned with the PPS now! It will take care of itself when they start bringing their equiptment online, and start producing more oil.

The fact that they have picked a well servicer tells me they are moving forward, and will continue to do so through this year.

Glta!

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Repoman75
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Maybe I should buy this in my IRA... in 50 years, it may hit .2 again.

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

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Hold-em-er-fold-em
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I--nsecure

R--epoman

A--ssociation

I would short it again if I were you! LMAO
[ Glad I'm no you ]

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Repoman75
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I may short it again.. if it ever breaks .10.. doesn't look good.

"DOWN GOES FRAZIER!"

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

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Hold-em-er-fold-em
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What did you say you shorted?

500000 at .14 LOL

Quite an investment for you! LMAO

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Sigma
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Can anyone find anything on this recent acquisition? I was looking for something on their history, capabilities, equipment, etc.

The 'Net yields nothing at all. Not a single hit with a company with that name. The phone books of Saginaw and Orney also have no listing. The respective chambers of commerce have nothing. I can't find a single iota of information that shows that the company even exists at all. I'm sure there's something somewhere.

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pennyman33
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Everyday we are slowly dropping down.. Losing more and more support.. Does anyone know if they plan on releasing news that really means something in the next week or so. The email replies I get give no information on this. I only get vague statements from them.When are they going to release good information Like the complete Gustavson report on how many total barrels of oil pgpm has?
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Egg Inspector
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Zig asked if they are producing oil <== back in the thread. The spokesman told me, that they(PGPM) told him;

"We are at 150 barrels a day should be 300/day by end of year"

("I am just reporting what was said")

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js49886
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next week or 2... well, I heard a couple weeks, week & a half ago.

They're also supposed release info about foreign aquisitions soon. They said it takes longer(for obvious reasons). we'll see

--------------------
"Money, so they say
Is the root of all evil today."

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Egg Inspector
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what is shorting??

DUH! here's the newB again!

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Egg Inspector
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I don't know why but this stock just won't go away for me

I just have a good feeling about it. I will probably get back in when I think it hit's rock bottom. .04-.05 ("Hey! my guess is as good as any!")

( I have $ coming from the single best stock pick I ever made)
"It will be going straight back into this crazy market"

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Hold-em-er-fold-em
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quote:
Originally posted by Egg Inspector:
what is shorting??

DUH! here's the newB again!

Short Selling:

Suppose that, after hours of painstaking research and analysis, you decide that company XYZ is dead in the water. The stock is currently trading at $65, but you predict it will trade much lower in the coming months. You decide to take the plunge and short 100 shares. The transaction is straightforward--most online brokerages will have a check box that says "short sale" and "buy to cover."

One of two things can happen in the coming months:

The Stock Price Sinks
(stock goes to $40)
Borrowed 100 shares of XYZ at $65 $6,500
Bought Back 100 shares of XYZ at $40 -$4,000
Your Profit $2,500


The Stock Price Rises
(stock goes to $90)
Borrowed 100 shares of XYZ at $65 $6,500
Bought Back 100 shares of XYZ at $90 -$9,000
Your Profit -$2,500

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Repoman75
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Shorting is when you borrow a stock, sell it, and the buy it back at a lower price, and then return it.

For example, let's say there is T shirt, that is selling for $10 in Walmart. You go to Walmart and say, "Hey, can I borrow this for a week?". They give you the T-shirt, and you sell it to your friend for $10. 2 days go by and the flourescent green t-shirt is now out of style. Walmart is now selling them for $2. You go to your friend and buyback the t-shirt for $2 (since he hates it now), and then you give it back to Walmart.

Net gain = $8.

Shorting is great, especially on POS stocks like this.

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

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Hold-em-er-fold-em
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SO......


Repo tells us he borrowed:

500000 shares at .14 = $70000

In my opinion! I dont think so! LMAO

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Repoman75
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*PATS HOLD EM ON THE HEAD*

It's okay little fella...maybe if you work overtime at your sh1t job for the next 5 years, you'll make back that money you lost here...

Buahahahaa... schmoe.

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

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Hold-em-er-fold-em
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Sorry jack I'm retired at 45!

You are so full of chit!

70 grand on a pink, not in your little world!

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pennyman33
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Do you think if we keep holding we are going to lose our entire investment in this company.. I mean everyday it keeps going down. They make promises but only do bland pr's at best.. everyone has to have a limit on how much loss they can take. IF it keeps dropping we are going to need a 300 percent rise just to break even.. It seems they have told no one if they have any upcoming good news. THE q2 will make things worse. Because their income is real low.
I am trying to find something positve about this company but I can't seem to see anything good in the future.. I don't see how they could get off the pinks in their current state.. They still have not told us the full Gustavson report results.. IT makes me think its bad so they won't release it..
In my opinion if they are really trying to get off the pinks they would be doing more to get the share price up.. Instead its dropping lower everyday. I guess there are very few investors that trust them..

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Egg Inspector
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so...how does one borrow a stock? is it a loan you qualify for? do you build up credit with a company where they allow you so much?


I would have no idea how to go out and 'borrow a stock'.

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Jlizard
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I got out for a small loss and put my money to work somewhere else. It may come back but I got impatient.
Good luck to those still in, hope you get some good news soon.

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Hold-em-er-fold-em
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quote:
Originally posted by Egg Inspector:
so...how does one borrow a stock? is it a loan you qualify for? do you build up credit with a company where they allow you so much?


I would have no idea how to go out and 'borrow a stock'.

You need a Margin account through your broker!

Do you think Repo has a 70k + margin acct?

Do you think he would throw 70K into a pink on a hunch it would go down? LOL

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