Pilgrim Petroleum Corp. (PGPM)

[PGPM_COO]

Answers to your question are below:

1. Is PILGRIM PETROLEUM CORPORATION still a Foreign For-Profit Corporation and is it still a Deleware Corporation?

It is a Delaware Corporation and is a For-Profit company also listed on the Frankfurt Exchange under the symbol PHV.

2. Is JEFFERY FANNING still a Director of PILGRIM PETROLEUM CORPORATION?

No. Thank god. He is one of the primary reasons this company is in its current state of affairs.

3. Will AMERICAN PETROLEUM CORPORATION be PILGRIM PETROLEUM CORPORATION’S sole TRRC Operator?

No, Pilgrim Petroleum has a “backup” operator that can be brought online very quickly.

Although, we are seriously considering having a third party act as Operator to help avoid any potential future liabilities.

American Petroleum Corporation has been so damaged that my opinion is to write this operator off all together.

4. Are PILGRIM PETROLEUM CORPORATION and AMERICAN PETROLEUM CORPORATION in good standing with the TRRC?

See above. Pilgrim Petroleum is in good standing. American Petroleum Corporation has judgments pending against it that Mr. Pinedo as an individual is responsible for fixing.

5. Has any of the information on the two websites listed above been updated to reflect the current Status and Officers of PILGRIM PETROLEUM CORPORATION?

I am assuming you are referring to the Texas SOS website mentioned at the beginning of your post. Since Pilgrim Petroleum is a Delaware Corporation the website would be the Delaware SOS. I left this as a as task for Mr. Pinedo to complete. Upon Mr. Pinedo’s official legal resignation I will make sure that this as well as any other managerial changes are accurately represented with the corresponding state agencies.