posted
Yeh,lmao. Pinedo's calculator gave up the ghost and he's using his fingers. lmao That works out to a nichel a share,still pretty speculative at that.
-------------------- It takes a lot of attaboys to make up for an aww chit
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posted
WOW, Hey OIlDOG! Why would an investment company[s] buy 11 million shares of a company that is running a scam? Maybe you can enlighten us as to why that transaction would take place! I'm sure you know more than they do about this company.
Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today that the company has agreed to sell 11 million shares of its common stock to Energy Source Private Equities Fund from Toronto, Canada and TJ Management Group with offices in Texas, New York, California, at an average 10 cents per share for a total of $500,000.
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the math in the PR is wrong check for your self!!!! $500,000/.10 per share = 5,000,000 shares so did they get 6 million free? math doesn't add up just like most of the PRs they have released something just seems fishy here!!!!
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Hold-ems had trouble with his math since his MLON,CMKX and QBID days, he still thinks 2 and 2 equals 3. lmao. Two more crapital investment companies doesnt impress me. Just tells me Warrior Capital & American Capital see the string running out or their sucking in new...suckers. JMHO TJ Management sounds familiar,I'll check it out.
-------------------- It takes a lot of attaboys to make up for an aww chit
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quote:Originally posted by Hold-em-er-fold-em: Lets see,
Could the 11 Million shares been sold at different denomonations?
Please oildog! Do you think they will divulge the entire transaction for your eyes? Your not that important! LMAO
Uh..say....what??? Different denominations???? The PR says AVERAGE .10 per share,which it is NOT! Did Pinedo give you his old calculator Hold-em??ROFLMAO Hold-em, keep spinning, you'll find a way to get "3"!!!!LMAO You just may equal yer performance on MLON...here!!!
-------------------- It takes a lot of attaboys to make up for an aww chit
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And the PR said AVERAGE! Do you know the details of the transaction? I don't
You are working hard at it today OILDOG! Must be the shorts your working for cant bring it down enough . LMAO Did you get your check yet? LOL
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will they buy these shares on the open market?, is it a private placement?, will they buy them a million at a time over the next 11 months?, maybe the " .10 " figure used was the 30 day average price? and the 500K$ figure based on the current price trend?, who knows!, these PR`s always seem lacking!
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madmoney,basically they are getting a $500,000 loan with shares.They have 4 "toxic financing" companies involved now. Is he that smart? Have 4 so "one" cant send them into a death spiral? I think not.On the other hand, you wouldnt believe the "networking" I've uncovered over the past months tracking Pino and his "mentors",Vilnis Laurins & Nicholais Botha.They'll "trade" stock or supposed money between seemingly unrelated companies.
-------------------- It takes a lot of attaboys to make up for an aww chit
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posted
Pilgrim Petroleum Announces Commencement of Program to Re-enter, Rework 23 Wells on Meldon White Property Jun 22, 2006 10:55:00 AM Copyright Business Wire 2006 IRVING, Texas--(BUSINESS WIRE)--June 22, 2006--
Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today the commencement of a program to re-enter and rework 23 wells previously shut in on its Meldon White property, located in Archer County, Texas. These wells, originally drilled by Tillman Oil Company will be re-opened to add to the production of approximately 1800 barrels per month from the wells on this lease that have been previously drilled. The company hopes to reestablish production at the rate of 5 wells per month and anticipates production of 4 to 7 barrels of oil per day from each well. This would add at least 250 barrels per day when the project is completed, or 7500 barrels per month. However this figure will not include new wells to be drilled in the same area.
About Pilgrim Petroleum Corporation
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
posted
Uh, this lease in Archer County has...what? 1800 bbls per month? If I remember correctly, they've produced no oil from leases in Archer county in over a year or more. ????? Whose are they talking about now? Boy, they seem to be rolling in dough now,dont they.heh But, I'll check out the Meldon White production fer ya, since nobody else will. See how much their 20% will bring in.
-------------------- It takes a lot of attaboys to make up for an aww chit
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Pilgrim Petroleum Announces Contract With Basic Energy Services Pilgrim Petroleum (Pink Sheets:PGPM) is pleased to announce an exclusive contract with Basic Energy Services (NYSE:BAS). Basic Energy, headquartered in Midland, Texas, is the nation's third largest well servicing contractor providing well repair, workover and completion services.
Effective today, Basic Energy will be providing general services on approximately 20 to 60 wells on four of our more important leases (Hooks, Lockrige, Climax, Morgan) and the reactivation of the White Meldon lease. We would like to increase our current production with an additional up to 60 currently non-operated wells. This will create extraordinary revenue income, in addition to increasing our proven reserves in a short amount of time.
Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "We are looking forward to working with Basic Services; they bring a solid reputation for quality service with good people and equipment."
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Don't know where they get the "to add to the production of approximately 1800 barrels per month from the wells on this lease that have been previously drilled." Unless he talking about the field their in, THEY sure don't have 1800 bbls per month!! Heres the production data for the past 16 months for their leases. The Lily Hooks is the only one producing anything, 470 bbls since Jan '05. And they have a 20% working interest at that! The guy sure struts & gobbles doesnt he!
View by: Monthly Totals
Annual Totals
County
Field
Lease
District
Operator Name: AMERICAN PETROLEUM CORP., Operator No: 018909 District 09 Monthly Totals, Jan 2005 - May 2006 Date Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL) Jan 2005 9 0 0 0 Feb 2005 0 0 0 0 Mar 2005 59 0 0 0 Apr 2005 30 0 0 0 May 2005 27 0 0 0 Jun 2005 0 0 0 0 Jul 2005 0 0 0 0 Aug 2005 0 0 0 0 Sep 2005 0 0 0 0 Oct 2005 26 0 0 0 Nov 2005 48 0 0 0 Dec 2005 53 0 0 0 Jan 2006 20 0 0 0 Feb 2006 138 0 0 0 Mar 2006 40 0 0 0 Apr 2006 20 0 0 0 May 2006 0 0 0 0 Total 470 0 0 0
View by: Monthly Totals
Annual Totals
County
Field
Lease
District
Operator Name: AMERICAN PETROLEUM CORP., Operator No: 018909 District 09 Lease, Jan 2005 - May 2006
Lease name Lease No. District No. Well No. Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL) CITY NATIONAL BANK 18191 09 0 0 0 0 CLIMAX 00525 09 0 0 0 0 COWAN & MCKINNEY 20057 09 0 0 0 0 COWAN-MCKINNEY "C" 18323 09 0 0 0 0 DOUGLAS MINERAL TRUST 13962 09 0 0 0 0 HOOKS, LILLY 05716 09 467 0 0 0 LOCHRIDGE 05239 09 3 0 0 0 MORGAN, F. D. 13076 09 0 0 0 0 MORGAN, F. D., TRACT 2 14249 09 0 0 0 0 WHITE, MELDON L. 00697 09 0 0 0 0 WHITE, MELDON L. (SHALLOW) 21272 09 0 0 0 0 Total 470 0 0 0
American Petroleum is their subsidiary that is licensed and bonded in the state of Texas and operates their leases. Hmmm. Apparently doesnt like the format of the table. Well, the lease names and RR commission numbers are there if you want to check yerself. Meldon lease has'nt produced anything. Don't have a clue where they get the 1800 bbls per month figure, thin air?
-------------------- It takes a lot of attaboys to make up for an aww chit
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posted
Oildog...you evidently believe that PGPM is lying in their PR's...Isn't that against the law? You claim to be here to EXPOSE the company for what they really are...then why don't you file a complaint with the SEC instead of posting your beliefs on this message board?
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IRVING, Texas--(BUSINESS WIRE)--June 27, 2006-- Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, is pleased to announce that Jeffrey Fanning has joined the Company as Vice-President of Operations and been appointed to the Board of Directors. Mr. Fanning is an expert on field services; he worked as an operations manager for American BNP Resources LLC and General Energy Corporation, and for the past 15 years has been self-employed as a consultant.
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded independent oil and gas company (Pink Sheets:PGPM). 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 PERSONNEL SOURCE: Pilgrim Petroleum Corporation
IRVING, Texas--(BUSINESS WIRE)--June 28, 2006-- Pilgrim Petroleum Corporation (PINK SHEETS: PGPM), an independent oil and gas company, announced today the implementation of a well reactivation program on 10 previously shut in wells located in Archer County, Texas, on City National Bank Property. This lease has a historical accumulative oil production of 55,733 BBL and will contribute to the White Meldon Lease re-works and the well reactivation previously announced. The company estimates that daily production will be 4-5 barrels per well, adding at least 50 barrels per day when the rehabilitation plan is completed, or 1,500 barrels per month. This Reactivation Program is expected to boost the company's production levels and is led by a rigorous implementation plan to re-activate the remaining properties. Pilgrim Petroleum also began its expansion program, which will focus on other profitable ventures currently in negotiation.
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded independent oil and gas company (PINK SHEETS: PGPM). 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 SOURCE: Pilgrim Petroleum Corporation
posted
Pilgrim Petroleum Announces Reactivation Program on City National Bank Property Wednesday June 28, 7:00 am ET
IRVING, Texas--(BUSINESS WIRE)--June 28, 2006--Pilgrim Petroleum Corporation (PINK SHEETS: PGPM - News), an independent oil and gas company, announced today the implementation of a well reactivation program on 10 previously shut in wells located in Archer County, Texas, on City National Bank Property. This lease has a historical accumulative oil production of 55,733 BBL and will contribute to the White Meldon Lease re-works and the well reactivation previously announced. The company estimates that daily production will be 4-5 barrels per well, adding at least 50 barrels per day when the rehabilitation plan is completed, or 1,500 barrels per month.
This Reactivation Program is expected to boost the company's production levels and is led by a rigorous implementation plan to re-activate the remaining properties. Pilgrim Petroleum also began its expansion program, which will focus on other profitable ventures currently in negotiation.
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded independent oil and gas company (PINK SHEETS: PGPM - News). 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.
Contact:
Pilgrim Petroleum Corporation, Irving Eddie Monet, 619-864-0166 www.apetroleum.com
Source: Pilgrim Petroleum Corporation
-------------------- "Money, so they say Is the root of all evil today."
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Will go higher than .14 if it ever gets going again. I talked to Eddie today, dont know why, I just got bored but anyways. Pilgrim is preparing additional well projects while they wait for the final Gustavson report. I even mentioned Dividends and he said it has been brought up. It isnt as crazy as it sounds. Remember there are only 10 employees and they have very little debt. They have already surpassed last years revenues and expect to 10 fold them by December. If and when they do they are considering a very small dividend like .002. or .003 to pay back investors that have stuck with them. They are on track to bring in 8 million in revenues this year and there employees all have alot of shares so dividends would benefit everyone in the short term. It will bring in more investors which increases the stock vaule and there personal portfolios and makes the company a value. If they aquire an additional 7,000 acres then we can assume 15-20 million next year. They are also leasing an old pipeline right now that they are using to transport teh oil as well as a Transportation comp. out of San Antonio to go and pick up oil that is being stockpiled at other wells. It may all work out
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why do people hope this thing will go somewhere else but for broke? How long before Monet and crew will take the money and create another company??
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This stock performed disgustingly!! Need to EMAIL Pinedo * rpinedo*bpetroleum.com and let him know we have him figured out. He goes on all stations - PUMPS BIG TIME - tells everyone how out of debt they are and what effective, inexpensive, and effeicient means they have to get this oil out of capped wells. THEN- BOOM - IN TWO WEEKS THE STOCK GETS TRAMPLED TO LESS THAN HALF IT'S WORTH.! What an unadulterated CROOK! SIC 'IM!!
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Possibly and Probably! - The greatest thing that could happen with this is that the big oil Co's would buy them out with success. That would be great for all concerned!
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quote:Originally posted by A.J.: Possibly and Probably! - The greatest thing that could happen with this is that the big oil Co's would buy them out with success. That would be great for all concerned!
but why?
what's *there* to buy?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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What's there to buy - The Big Oil Co.'s have discarded the capped wells of old. PGPM has gone in and picked these back up since new devices have come out that reveal exactly what is left in those old wells that the Big guys capped and mived on [NOT KNOWING].Plis, since they have already been drilled - thattime in labor and expense is removed and PGPM can work efficiently to remove the leftovers which can be very profitable. The big guys could take on a Co. as such as a subsidiary [more profit a less expense to them].
What I do not like is that Pinedo & Co. told us all this magnificent hype on web-video, in press releases and then Suddenly the stock is 1/3 of what it was inside of two weeks. Then a press release comes out saying they hired this expensive Co. to check this out.
I'm not too sure about his 'INTENTIONS' and his kind, honest demeanor now is looking fraudulent in my eyes. They should be well on the way to profits since I picked this monkey up and it has degenerated andd looks worse by day and I would never buy more - JUST BECAUSE OF HOW HE HANDLED IT.!!
Sirius Satellite did the same to it's investors and I wouldn't buy that garbage nor could you even give it to me BRCAUSE OF THE LACK OF INTEGRITY AND HONESTY in the way they PUMPED AND DUMPED. Lots to learn about these DOGS and how they do people that are good and believing.!
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yep. 11th they will be filling with the SEC for OTC BB, get off the pink sheets. They need a nearly complete Gustavson report to do that(auditing), so that means its nearly done(only add value). Expecting a good PR maybe late monday or tuesday.
Also, heard a rumor they leased a pipeline with the $$$$ from that private placement sale.
Gearing up to be an interesting next 2 weeks. Glad a pick up a tiny bit cheap. Seems like we'll only get good news at them moment & the only place this will go is up? I guess we'll see what comes down the road. Hope i made the right moves.
good luck to all!
-------------------- "Money, so they say Is the root of all evil today."
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