Replies to post #28599 on Pilgrim Petroleum Corp. (PGPM)

[ANTI-BAGHOLDER]

Awesome post! $PGPM

[Carjockey2]

Can we get this post as a sticky mods??

Great post!!!

[SRV1975]

Must read post!! Nice work!!!

[pennypincher156]

Wonderful analysis.

[Davemsc]

Im with ya!!! Buying more in my sleep all the way to the AM!! Boom!

[Wishful Thinking]

U.S. Liquid Fuels

U.S. crude oil production averaged an estimated 8.9 million b/d in 2016. U.S crude oil production is forecast to average 9.3 million b/d in 2017 and almost 10.0 million b/d in 2018. EIA estimates that crude oil production for April 2017 averaged 9.1 million b/d, which is 0.2 million b/d above the April 2016 level and 0.6 million b/d above the recent monthly average low reached in September 2016.

https://www.eia.gov/outlooks/steo/report/us_oil.cfm

[fly_fisherman]

Excellent post....

Most definitely worth Silver now!!!

[WiscoDish]

Fantastic post. Please sticky. We need to update these stickies

[PROFIT PROWLER]

The float, I believe, is getting locked up.

[Wishful Thinking]

PGPM DD & Why I am buying More:


- PILGRIM PETROLEUM CORPORATION

2017 FIRST QUARTER REPORT:

OTHER ASSETS
Investments – Other 48,899,863
TOTAL OTHER ASSETS 48,899,863
TOTAL ASSETS 48,899,863


TOTAL LIABILITIES 7,268,375

TOTAL STOCKHOLDERS’ EQUITY 41,631,488


_________________________________________________________________________

Reserves

The company as of March 31, 2017 had a NPV of $7,259,867 in estimated
net remaining proved undeveloped reserves of 800,000 barrels valued at
$47.87 per barrel less an estimated $2,000,000 cost to recover at
twenty percent of the estimated total.

________________________________________________________________________


PILGRIM PETROLEUM CORPORATION
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2017

Stock Issuance
The company has not issued shares of common stock this current year.

________________________________________________________________________


Market Value: $1,267,705 a/o Apr 28, 2017

Authorized Shares 2,000,000,000
a/o Apr 27, 2017

Outstanding Shares 1,152,459,514
a/o Apr 27, 2017

Float: 903,297,039 a/o Apr 27, 2017

________________________________________________________________________


The Barnett Shale formation in the Fort Worth Basin stretches over 5,000 square miles, and across 10 counties. At a depth of between 7,000 and 9,000 feet, the layered rock formation, which is unusually rich in raw materials, demonstrates strength of 400 to 900 feet and is the most productive gas field in all of the U.S.

Our (early-stage)estimations to calculate the Potential Oil Reserves underlining our properties in the Bend Arch-Fort Worth Basin Province are based on volumetric calculations. Based on approximately 12,000 acres of proven and unproven undeveloped fields, assuming 500 feet thickness of this play is oil pay and an average potential production of those fields, the potential volume of recoverable reserves were calculated. It is worth mentioning that the thickness chosen is required to accurately count net effective reservoir quality rock (e.g. sand) and it is also used to construct net pay isochore maps for volumetric reserve calculations.

_______________________________________________________________________

$PGPM ASSETS ARE AUDITED


$46 million in assets for the public company. All which has been verified by 51-101 geological reports. Read the reports below which was just added to the website. These are geological reports that prove the assets.

http://www.pilgrimpetroleum.com/data-room.html

_______________________________________________________________________


Merger in PLAY:

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.

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


_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
______________________________________________________________________

2017 OIL OUTLOOK:

Oil tipped to soar by $10 a barrel in 2017 amid a bumper year for commodities, say Citi analysts

http://www.cnbc.com/2017/04/18/oil-prices-forecast-60-dollars-commodities-citi-analysts-crude-brent.html



THANK YOU EVERYONE FOR PUTTING OUT SUCH GREAT DD!!

[Wishful Thinking]

ZERO DILUTION ~~~>>>PILGRIM PETROLEUM CORPORATION
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2017

Stock Issuance
The company has not issued shares of common stock this current year.

[Wishful Thinking]

HUGE reserves~~~>>

Reserves

The company as of March 31, 2017 had a NPV of $7,259,867 in estimated
net remaining proved undeveloped reserves of 800,000 barrels valued at
$47.87 per barrel less an estimated $2,000,000 cost to recover at
twenty percent of the estimated total.

[legalizeMJ]

PGPGM ASSETS is now HIGHER than $48,899,863 because OIL price has been UP sharply.
Therefore, Its price per share should be higher.

$$$$$$$$$$ Go PGPM $$$$$$$$$

[Wishful Thinking]

Simply huge~~>>Reserves

The company as of March 31, 2017 had a NPV of $7,259,867 in estimated
net remaining proved undeveloped reserves of 800,000 barrels valued at
$47.87 per barrel less an estimated $2,000,000 cost to recover at
twenty percent of the estimated total.

[Wishful Thinking]

2017 FIRST QUARTER REPORT:

OTHER ASSETS
Investments – Other 48,899,863
TOTAL OTHER ASSETS 48,899,863
TOTAL ASSETS 48,899,863


TOTAL LIABILITIES 7,268,375

TOTAL STOCKHOLDERS’ EQUITY 41,631,488

[Wishful Thinking]

2017 FIRST QUARTER REPORT:

OTHER ASSETS
Investments – Other 48,899,863
TOTAL OTHER ASSETS 48,899,863
TOTAL ASSETS 48,899,863


TOTAL LIABILITIES 7,268,375

TOTAL STOCKHOLDERS’ EQUITY 41,631,488

[HNDRXX]

$PGPM "MASTER LIMITIED PARTNERSHIPS/POSSIBLE MERGER"

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






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/




----------------------------------

WISHFUL THINKING DD BELOW

$PGPM DD & Why I am buying More:


- PILGRIM PETROLEUM CORPORATION

2017 FIRST QUARTER REPORT:

OTHER ASSETS
Investments – Other 48,899,863
TOTAL OTHER ASSETS 48,899,863
TOTAL ASSETS 48,899,863


TOTAL LIABILITIES 7,268,375

TOTAL STOCKHOLDERS’ EQUITY 41,631,488


_________________________________________________________________________
Reserves

The company as of March 31, 2017 had a NPV of $7,259,867 in estimated
net remaining proved undeveloped reserves of 800,000 barrels valued at
$47.87 per barrel less an estimated $2,000,000 cost to recover at
twenty percent of the estimated total.

________________________________________________________________________


PILGRIM PETROLEUM CORPORATION
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2017

Stock Issuance
The company has not issued shares of common stock this current year.

________________________________________________________________________


Market Value: $1,267,705 a/o Apr 28, 2017

Authorized Shares 2,000,000,000
a/o Apr 27, 2017

Outstanding Shares 1,152,459,514
a/o Apr 27, 2017

Float: 903,297,039 a/o Apr 27, 2017

________________________________________________________________________


The Barnett Shale formation in the Fort Worth Basin stretches over 5,000 square miles, and across 10 counties. At a depth of between 7,000 and 9,000 feet, the layered rock formation, which is unusually rich in raw materials, demonstrates strength of 400 to 900 feet and is the most productive gas field in all of the U.S.

Our (early-stage)estimations to calculate the Potential Oil Reserves underlining our properties in the Bend Arch-Fort Worth Basin Province are based on volumetric calculations. Based on approximately 12,000 acres of proven and unproven undeveloped fields, assuming 500 feet thickness of this play is oil pay and an average potential production of those fields, the potential volume of recoverable reserves were calculated. It is worth mentioning that the thickness chosen is required to accurately count net effective reservoir quality rock (e.g. sand) and it is also used to construct net pay isochore maps for volumetric reserve calculations.

_______________________________________________________________________

$PGPM ASSETS ARE AUDITED


$46 million in assets for the public company. All which has been verified by 51-101 geological reports. Read the reports below which was just added to the website. These are geological reports that prove the assets.

http://www.pilgrimpetroleum.com/data-room.html

_______________________________________________________________________


Merger in PLAY:

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.

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


_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
______________________________________________________________________

2017 OIL OUTLOOK:

Oil tipped to soar by $10 a barrel in 2017 amid a bumper year for commodities, say Citi analysts

http://www.cnbc.com/2017/04/18/oil-prices-forecast-60-dollars-commodities-citi-analysts-crude-brent.html



THANK YOU EVERYONE FOR PUTTING OUT SUCH GREAT DD!!