posted
I emailed pinhead & he told me there would be news about gustavason this week.
Pilgrim Petroleum Corporation's Next Quarter Earnings Expected to Climb 25% Monday July 24, 1:20 pm ET
IRVING, Texas--(BUSINESS WIRE)--July 24, 2006--Pilgrim Petroleum Corporation announced today next quarter's outlook will continue its growing trend of at least a 25% increase. Ongoing activities related to its well re-activation program, estimation of resources, along with its process to become a fully reporting company and additional property acquisitions will let Pilgrim capitalize on its true value of operations as well as open new horizons in international markets.
Pilgrim's operations, revenues and its asset portfolio have been on a long uptrend since late January 2006 and will continuously grow through its constant review and reevaluation of its corporate strategy, opportunities of new joint ventures for diversification of operations and return optimization.
Rafael Pinedo, President of Pilgrim Petroleum Corporation, commented, "Pilgrim Petroleum has reached record results in revenue for the first two quarters of this year and we are sure it will continue to outperform estimations due to Pilgrim's solid foundations and its management efforts."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation (Pink Sheets:PGPM - News) is a publicly traded, independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop 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." Posts: 228 | From: NE, PA | Registered: Mar 2006
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posted
This company has been putting out one PR after another and has yet to produce any interest. This last release doesn't say a whole lot for the company though. What's another 25% increase, that will put them up to 1,000,000 revenue, but how much of that will be profits and what the hell are they profiting from. They haven't said yet in the last 5 press releases. I've been rather disappointed with the vagueness of the releases. No one cares anymore!
Posts: 9 | Registered: Jul 2006
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posted
He's worried about getting some more money in - don't you get it?? PR's bring more cash flow! Lucky
Posts: 188 | From: MISSOURI | Registered: Jul 2005
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IRVING, Texas--(BUSINESS WIRE)--July 26, 2006--Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today the acquisition of approximately 15,700 total acres in Clay County near the Barnett Shale, the best play in the country. The property has history of great production on the surrounding area. Some seismic data is available with this acquisition, which will facilitate a reserve report. This acquisition is expected to close within 7-14 days. This property will be added to our asset portfolio for the Final Gustavson Report. More information is on our website www.bpetroleum.com.
Rafael Pinedo, Pilgrim Petroleum CEO-President said, "Each acquisition builds our natural energy reserve base. We will continue to acquire properties to increase our asset value. More wells will be on line throughout 2006 in order to increase our residual revenue."
About Pilgrim Petroleum Corporation.
Headquartered in Irving and Dallas, Texas, Pilgrim Petroleum Corporation is a publicly traded company (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.
posted
where is the result of the Gustavson report?
Pilgrim Petroleum Corporation Announces New Record in Production via COMTEX
August 2, 2006
IRVING, Texas, Aug 02, 2006 (BUSINESS WIRE) --
Pilgrim Petroleum Corporation, (Pink Sheets: PGPM) announces that the company has achieved a new record in production for the month of July, an increase of over 20% from the previous month. The increase is the result of more wells in line. These figures will contribute to a new potential record on production for this quarter. Pilgrim Petroleum will be targeting new prospects with a low level of risk starting next month.
Pilgrim Petroleum Corporation Vice President of Operations Jeffrey Fanning said, "Our operational performance for the month well exceeded our expectations and our previous guidance, yet we look forward to maintaining our growth for some time as oil prices increase."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each 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 emonet*americancapitalipo.com www.apetroleum.com
Copyright Business Wire 2006
Posts: 1580 | From: World | Registered: Jul 2006
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Pilgrim Petroleum Announces Hiring Legal and Accounting Firm in Canada
Pilgrim Petroleum Corporation (Pink Sheets: PGPM), an independent oil and gas company, is pleased to announce the Company has begun the process of interviewing Canadian qualified legal and accounting firms for its filing on the Toronto Stock Exchange Venture (TSXV), to become a fully reporting, public company. "At the same time, the company also confirmed its ongoing process for the filing of Form SB-1 with SEC to be listed on the OTCBB; however, hiring a qualified Canadian legal and accounting firm is a crucial step for Pilgrim Petroleum Corporation," stated Rafael Pinedo, Company President and CEO.
Mr. Pinedo said, "Pilgrim Petroleum Corporation is headed in the right direction to get off the Pink sheets (non-reporting status) and become more visible to institutional investors. This move will enhance our efforts to the filing process, improve timing and comply effectively with Canadian legal requirements and more presence on potential acquisitions in province Quebec and Alberta Canada."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop 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.
Pilgrim Petroleum Corporation, Irving Eddie Monet, 619-864-0166 www.apetroleum.com
Source: Business Wire (August 4, 2006 - 6:45 AM EDT)
posted
They should have closing of this latest aquisition tomorrow(that would be the 14 days), so Im guess it might be a few more days before they release news about it.
Then maybe soon after gust. will deliver the full report?
-------------------- "Money, so they say Is the root of all evil today." Posts: 228 | From: NE, PA | Registered: Mar 2006
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posted
Pilgrim Petroleum Announces Approval of Injection Well in Lochridge Lease
Pilgrim Petroleum Corporation (Pink Sheets: PGPM), an independent oil and gas company, is pleased to announce that the Rail Road Commission of Texas (RRC) has granted the approval of a new injection well to be placed in the Lochridge Lease, located in Wichita County, Texas. This lease has a historical accumulative oil production of 27,280 BBL and will contribute to the White Meldon and City National Bank lease re-work and well reactivation program previously announced. The company estimates that starting daily production will be 2-3 barrels per well, adding at least 36 barrels per day, or 1,080 barrels per month. Production will increase exponentially after sixty days, after the application of several different recovery techniques.
Pilgrim Petroleum Corporation Vice President of Operations, Jeffrey Fanning said, "We are aggressively continuing our Reactivation Program, leveraging on all resources available to enhance recovery and further improve Pilgrim's production levels."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop 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.
Pilgrim Petroleum Corporation Eddie Monet, 619-864-0166 www.apetroleum.com
Source: Business Wire (August 10, 2006 - 6:30 AM EDT)
-------------------- "Money, so they say Is the root of all evil today." Posts: 228 | From: NE, PA | Registered: Mar 2006
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posted
As soon as this stock starts heading upward I will be happy! With the price of gas around here you would think that this stock would be skyrocketing!
-------------------- When I dream I only see in green! Posts: 12 | From: Ding Dong, TX | Registered: Apr 2006
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posted
As soon as this stock starts heading upward I will be happy! With the price of gas around here you would think that this stock would be skyrocketing!
-------------------- When I dream I only see in green! Posts: 12 | From: Ding Dong, TX | Registered: Apr 2006
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posted
Just may be worth watching... currently .045 Expecing the gustavason report possibly this week.
August 28, 2006 - 11:04 AM EST
Pilgrim Petroleum Corporation Signs Master Operating Agreement with General Energy Corporation
Pilgrim Petroleum Corporation, an independent oil and gas company, announced today that it has entered into a master operating agreement with General Energy Corporation from Dallas, Texas. The agreement covers Pilgrim Petroleum's additional and current leases and all future properties in Wichita, Clay, Archer, Jack, Cook and Montague counties of North Texas.
General Energy will begin immediately to perform all the necessary work to assure that Pilgrim Petroleum's properties are in full compliance with the regulations of the Texas Railroad Commission and re-establish oil production on the inactive leases over the coming months. General Energy will work in conjunction with American Petroleum, Pilgrim Petroleum's current operator. General Energy Corporation is an RRC of Texas fully bonded operator.
Pilgrim Petroleum Corporation President, Rafael Pinedo, said, "We are aggressively continuing our Reactivation Program and very soon will begin a drilling program leveraging all resources available to enhance recovery and further improve Pilgrim's production."
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 re-establishing production, refurbishing and improving the existing production and operations.
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.
(C) 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.
Pilgrim Petroleum Corporation, Dallas Eddie Monet, 619-864-0166 emonet*americancapitalipo.com www.apetroleum.com
Source: Business Wire (August 28, 2006 - 11:04 AM EST)
-------------------- "Money, so they say Is the root of all evil today." Posts: 228 | From: NE, PA | Registered: Mar 2006
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posted
Still waiting for Gus's report. GEC has been operating a number of "their" leases anyway. Whats up with American Petroleum? No reported production for past 3 months.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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Pilgrim Petroleum Corporation, (Pink Sheets:PGPM) announces that the company has achieved a new record in production for the month of August, an increase of over 15% from the previous month with an additional eight re-activated wells in line. This constant increase in production leads Pilgrim to anticipate exponentially better results for the next coming month. Furthermore, new acquisitions talks and negotiations are in progress, while the evaluation of the company's properties is completed. Gustavson Associates informed that the report could be expected by next week, with the final and formal report expected by the week of September 11th. This delay is due to the last acquisition. Lastly, the addition of General Energy Corporation as operator, and the potential value of new exploration participation in Quebeq Canada are two additional highlights.
Pilgrim Petroleum Corporation Vice President of Operations Jeffrey Fanning said, "The Reactivation Program has undoubtedly boosted the company's production levels and we will continue to re-activate the remaining properties, while Pilgrim further grows its asset portfolio."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each 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.
Pilgrim Petroleum Corporation, Dallas Eddie Monet, 619-864-0166 emonet*americancapitalipo.com www.apetroleum.com
Source: Business Wire (August 31, 2006 - 10:33 AM EST)
-------------------- "Money, so they say Is the root of all evil today." Posts: 228 | From: NE, PA | Registered: Mar 2006
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posted
Well,its "next week",one more day for the "preliminary" report. Or will that be...next week? I'm still wondering about their subsidiary, American Petroleum. Wazz up?
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
its next week, next week, soo... maybe by christmas.
LOL. they said week of the 11th. They got next week yet. If there is any more convienient delays, I think Im gonna say screw it & sell what I have left.
Anyone have any info about those privately held shares becoming unrestricted sometime in Sept.???? Someone on here mentioned it a while ago.
-------------------- "Money, so they say Is the root of all evil today." Posts: 228 | From: NE, PA | Registered: Mar 2006
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