Pilgrim Petroleum Corp. (PGPM)

[Nadendla]

Pilgrim Petroleum PLC a private company and subsidiaries, an independent oil and gas company, has completed its acquisition of an 79% controlling interest in the announced acquisition of Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million net of customary closing adjustments. The assets include approximately 210,000 acres with most of the position held by production. American Capital Investment LLC has agreed to sell 100% of its equity interest in its oil and gas subsidiary Alpha Petroleum Resources LP (Texas Corporation) to Crescent Hill Capital Corp a Dallas Texas private equity firm providing a credit facility at closing of $615 million US Dollars..


https://globenewswire.com/news-release/2016/10/20/881262/0/en/Pilgrim-Petroleum-Completes-Acquisition-of-Controlling-Interest-Oil-and-Gas-Assets.html