posted
o crap.. hey guys, i just sold 260k shares and it didn't show up on the streamer, it only showed as 23k... are the MM's buying? is that why it doesn't show up?
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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I got out today too.. Too many negatives with this company. I don't trust them.. good luck for the people still holding..
Posts: 109 | From: parts unknown | Registered: May 2006
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Pilgrim Petroleum Announces Record in Its Well Servicing Unit via COMTEX
June 15, 2006
IRVING, Texas, Jun 15, 2006 (BUSINESS WIRE) --
Pilgrim Petroleum Corporation (Pink Sheets: PGPM), an independent oil and gas company, announces record in its well servicing unit. The Company has received a record of 17 workovers and recompletions of marginal wells from June 1st to June 14th 2006. They are now in full operation and producing between 12 and 38 BOD in average. The majority of the remaining wells are expected to be delivered by the end of the fourth quarter of this year to our existing properties.
Rig services units utilization remains high in nearly all our properties. Thanks to Basic Energy Services (NYSE: BAS), our production has improved. In addition to the acquisition of Daniels Well Services, the company will benefit this quarter from an increase in production, over 45% of the last quarter.
Stephen Richardson, Pilgrim Petroleum Vice-President said, "Thanks to a superior performance of our field team, we will bring more wells on line throughout 2006 in order to increase our residual revenue."
About Pilgrim Petroleum Corporation.
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). 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.
SOURCE: Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation Eddie Monet, 619-864-0166 www.apetroleum.com
Copyright Business Wire 2006
Posts: 420 | From: Canada | Registered: Feb 2006
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Confusing at best. "Received a record". Does that mean the company they bought is going to or did 17 workovers? Or are they talking about their OWN wells? I couldnt find that many wells in Texas RR commission records. More mumbojumbo. They have TWO Crapital Investment promo/pr firms working this and the PRs read like Pinedo is doing them himself. lmao. He has nothing to do but PR and wear out his calculator figuring price per share PRs for his "company"!!! Well,maybe Gustavsons report mid July will shed a little light on this,IF they can figure this out!lol
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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Everybody know his posts are all BS, and he definately has some agenda here to bash everyday.
Oildog I think the fact you want to protect newbs is well past its time now. Your 203 posts, and about 190 of those bashing PGPM would convince anyone you are after something other than protecting people. LMAO
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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The fact they have wells online and confirmed production is awesome. This is great news for the rest of 06' with them bringing more and more wells online!
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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heh heh. They already had some "news" this morning holdem. But it may take two or three PRs a day to get this to twitch, think? Maybe a daily pps "calculation"? They already PR'd about the report,coming to a pumper near you, July 15.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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LOL, Oildog this is one of your useless posts!
What did you say? They have to find some first!! Oh, wait a minute! THEY DID! LMAO PAID BASHERS! ALWAYS BRINGS THE PPS UP! LOL
quote:Originally posted by OILDOG: Lawdy..WHAT kind of mumbojumbo PR was THAT? They keep putting out share price PRs for WHAT? Pinedo must be a nutcake!!!!LMAO They dont HAVE any reserves until they FIND some by DRILLING,no matter what Gustavsons report says.JJeeeezzzzz.
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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The Company has received a record of 17 workovers and recompletions of marginal wells from June 1st to June 14th 2006.
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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"announces record in its well servicing unit. The Company has received a record of 17 workovers and recompletions of marginal wells from June 1st to June 14th 2006."
"its well servicing unit". Thats Daniels Well Services,isnt it? They got 17 workover jobs? What has that got to do with increasing PILGRIM's production,such as it is? Better read it agin,holdem.lol
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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Oildog...your posts are getting pretty old and boring here...You evidently don't like PGPM...so...what are you playing?
Posts: 4303 | From: DSA | Registered: Dec 2003
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They havent FOUND any oil holdem. They just bought some depleted leases with plugged wells which is estimated to have around 567,000 bbls,total. They may recover that much over how long? 10-20-30 years. Slow going with stripper wells. NO drilling, NO exploration, buying a workover company to WORKOVER stripper wells. Simple!
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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quote:Originally posted by buck*******: Oildog...your posts are getting pretty old and boring here...You evidently don't like PGPM...so...what are you playing?
Obvious what he is playing!
He is the most obvious basher on Allstocks LOL!
90 percent of his posts are on PGPM!
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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