Pilgrim Petroleum Corp. (PGPM)

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$PGPM "MASTER LIMITIED PARTNERSHIPS" which is very common for oil and gas tickers which is in the works for PGPM from which the company has stated

https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-Issue-Letter-to-Shareholders?id=158635&b=y


May 10, 2017
OTC Disclosure & News Service

Addison, TX -

Pilgrim Petroleum Corporation(PGPM), is an oil and gas exploration- development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P, focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves; today Issued the following letter to shareholders:



READ BETWEEN THE LINES!. THIS IS THE PARENT COMPANY. THE PRIVATE COMPANY. THE ONE THAT COMPLETED THE DEAL FOR 330MIL. ISSUING THIS STATEMENT THROUGH THE PUBLIC COMPANY $PGPM



https://investorshub.advfn.com/uimage/uploads/2017/5/12/omyinAddison.jpg


Dear Shareholders,
We are very pleased to take the opportunity in this letter to introduce recent developments at Pilgrim Petroleum Corporation (US Public Corporation)  and communicate our strategy to grow shareholder value going forward. After seven years of "Stealth" activities after the downturn of 2009 and 2010, we were keeping a tight lid on the venture activity with an upside on the private equity business with our key partners and our parent private company Pilgrim Petroleum PLC (with the same name but soon to be change), has been a great value to the company.

This year we expect will bring transformative changes to our Company, both on the corporate and strategic front. 
The most significant is our plan to enter the exploration and production (E&P) business with our current portfolio and acquire producing assets and improve cost of production. 


*READ BETWEEN THE LINES. MASSIVE NEWS IS COMING REGARDING THEIR PLAN ON EXPLORATION AND PRODUCTION. ESPECIALLY WITH THE PRIVATE COMPANY ACQUIRING THOUSANDS OF ACRES OF LAND. WHAT IS EXPLORATION AND PRODUCTION??? READ HERE NOW**

http://www.investopedia.com/terms/e/exploration-production-company.asp

 



* NEWS OF ACQUISITION WAS RELEASED ON MULTIPLE OIL, GAS, AND ENERGY SITES ON OCTOBER 20, 2016 NOW WE ARE SEEING THE COMPANY STARTING TO COME BACK TO LIFE HERE IN 2017 AS PLANNED BY PILGRIM PETROLEUM PLC***

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.

http://www.evaluateenergy.com/Universal/View.aspx?type=Report&id=%7b8C80816D-658A-4085-BA10-B579001800B0%7d¶ms=%3cPARAMS+currencyId%3d%220%22%3e%3cPARAM+linkKind%3d%221%22+name%3d%22pilgrim+petroleum+corporation%22+%2f%3e%3c%2fPARAMS%3e&more=true

**** IF THE LINK ABOVE DOES NOT TAKE YOU DIRECTLY TO $PGPM ARTICLE. JUST SEARCH "PILGRIM"****



The board of directors believe the current transitional period in petroleum E&P provides exceptional opportunities to apply our M&A and operational expertise to acquire and operate quality assets at low prices.  As we have done in the past, our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnership (MLPs).
The purpose of this letter is to shed light on how we intend to achieve these strategic objectives, our milestones and what we believe to be our unique ability to execute on this plan. Today, we have completed the process of compliance and final legal review of the filings corporate actions to be available on May 15, 2017.

How do Master Limited Partnerships work in the Oil and GAS industry. Read here now

https://oilandenergyinvestor.com/special-reports-video/the-three-best-low-risk-high-yield-mlps/