Pilgrim Petroleum Corp. (PGPM)

[Doubledown75]

I forgot about that, I thought we were getting shares of UNRG

[Chartmaster]

Pilgrim Petroleum Corporation Announces Corporate Update to Shareholders.

Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company with a focus on proven fields exploited by well-managed independent oil companies extracting reserves at lower risk and lower cost than unproven prospects.

Pilgrim Petroleum has signed a Letter of Intent to be acquired by way of an exchange of stock. When the conditions of the letter of intent are met, current shareholders will have the opportunity to exchange their common shares of PGPM for shares of the acquiring company. Specific details of the exchange will be released shortly and include instructions for the movement through the transfer agent of the acquiring company.

The acquiring company is an E&P Company with operations in Oklahoma, Kansas and Texas supported by wholly owned subsidiary operating companies. In addition, the company is equipped for field operations including ongoing maintenance, reworks and drilling. The company has proven several drill opportunities in Kansas, Oklahoma and Texas and anticipates dropping new drills beginning in 2019.

According to Pilgrim CEO Sam Smith “The fully vertical integration of operations and the removal of reliance on third party operators is significant as market optimism grows and demand for equipment and labor crews increases. By moving forward with a complete playbook, we can begin to compete independently rather than as a hostage dependent on other companies”

Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. 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: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the company's exploration and development efforts; the price of oil, gas and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company's capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the company's ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Pilgrim Petroleum does not undertake any duty to update any forward-looking statements except as may be required by law. 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. 2017 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.



Let's do this ...this year please!

[Chartmaster]

Sam, Please through us a bone here would ya? Release a PR saying you are going to get PGPM current again, even if it isn't true K? Thanks!

[55cruiser]

I've got just under 700k myself with a loss of 5600 or so. I was still buying on the Thursday then we got suspended on Friday. There are new rules coming into play soon so hopefully it changes here.

[texelbee]

I'm holding 1M shares of this pig, and if Etrade would let me sell it, I could walk away with a $54 gain. But since they won't, Sam can't make good on his promise.

[55cruiser]

In 2019 Sam was tied in with RIXM Exploration and Don Dewberry. The website they were using is now defunct and available. When I spoke with Sam he claimed he was working on getting PGPM shareholders some value back. That was 2 years ago and still silent while he presides over UNRG. Maybe one day this thing will pop but I don't look for Sam to be running things if it does.

[LAMBSHIFT]

thank you.
as far as I know they must be "current" at 09/30/2021 (?)

[texelbee]

During their last forfeiture, they kept the website and phone turned on. I called a few years ago and confirmed that this was their current address:

5057 Keller Springs Drive
Suite 300
Addison, Texas 75001

A little research reveals that this Suite must be a rent-an-office, because there are many businesses that use the address and suite number.

Out of ideas.

[Swampdude]

The odd thing is that most of the recent volume has come after that date. Someone must know something. Thank you for sharing that news and if anybody sees anything else please share it as will I. TIA

[morgansilverdollar]

Thank you Texelbee.

[tbc614]

Are we supposed to keep our stock and wait and see if they reorganize?

[juanMN]

Looks like the last time that happened was 2010 and they reinstated a few months later (see image below). It'll be revealing to see what happens here in the next few months/year to see if this company is under tabs by someone. With all this volume though i cant help but imagine someone knows something thats not public. Thanks for the DD

[texelbee]

Yes, I can!

When I run diligence on any business, I research the filings in the business's state of incorporation. Make sure you use the official state website vs. third party aggregators that usually charge stupid amounts of money.

Many states provide this service for free, but many charge for access. Sometimes, it's token ($1 per search), and in a few cases, it's several dollars.

In this case, I used the official website of the Texas Secretary of State: https://www.sos.state.tx.us/, and it cost one dollar.

[juanMN]

Can you post where you found that so others can do DD like yourself?

Thanks in advance

[texelbee]

On January 15, 2021, The Texas Secretary of State dissolved PGPM's charter for non-reporting.

www.pilgrimpetroleum.com website stopped working some time last fall and has since been reregistered: https://www.whois.com/whois/pilgrimpetroleum.com

The telephone number on file forever no longer works: 469-718-5568



Who is churning the stock of a defunct company?

[morgansilverdollar]

any news here?

[Jeffer2020]

Next stop???

[Doubledown75]

We are green... pp are we going to the moon?

[pepeoil]

This company does not own any leases. That is pure bullchit. And this chit is on the greys. Be very careful, you may get hung with shares you cannot sell

[juanMN]

All these winter storms and PGPM's price going up so much make me think that maybe hell has frozen over???

[randy218]

yes sir....that would be just fine
and it has in the past...even bigger

[Doubledown75]

Randy check out $TIDE
It’s in similar field
Time for $PGPM to pull that kind of move, you think??

[randy218]

you should follow your own advice....see the pic below your previous post

or....let's make a date to talk about it in a couple months and we can see which is right

[sleepthief]

Bag holders?

[randy218]

today's volume isd the highest daily volume since......07/19/2017
last week's volume was the highest weekly volume since 07/17/2017

gotta ask.......what's comes after volume......?

[bobbertino]

Thanks :D $PGPM

[Doubledown75]

Olderman please update us if you can.
Otc disclosure act is changing tell him and get us current:)

[juanMN]

whoever has been buying this week has already put in about $30K into PGPM since Monday alone based on volume and avg sale price

[randy218]

This Week's Volume is the highest weekly volume since 07/17/2017
The week it started trading in the grays after suspension
just fyi

[fsshon]

Many CE's are starting to "WAKE UP" in the last 2 weeks. What we may be seeing is them being targets of R/M's and a lot of it could be "OTC INSIDERS" buying the ones who are making filings to become PINK again. There was a severe delay in many companies "who had filed the financials with OTC" being delayed for months!

Never under-estimate the power of those in the know, when it comes to many things and STOCKS IS ONE OF THEM!

Cheerz

[fsshon]

Many CE's are starting to "WAKE UP" in the last 2 weeks. What we may be seeing is them being targets of R/M's and a lot of it could be "OTC INSIDERS" buying the ones who are making filings to become PINK again. There was a severe delay in many companies "who had filed the financials with OTC" being delayed for months!

Never under-estimate the power of those in the know, when it comes to many things and STOCKS IS ONE OF THEM!

Cheerz

[Jeffer2020]

Maybe, out of Chapter 11 or something?

[55cruiser]

Apparently under the new guidelines for Pinks this can come off the greys if they update company info. I'm trying to find the new law about it. This means it could potentially become trading again without the need for a MM sponsor.

[Swampdude]

With no news it's hard to tell but if I was gonna try one of these around I'd be doing the same thing on the sly hoping to get all I could. JMHO

[juanMN]

Do yall think that this is a group of people buying or an individual that is loading prior to something that the rest of us dont know. I personally think its an individual but am curious what others' impressions are?

[Jeffer2020]

Crazy! I cant imagine whats going on but, LFG!!!

[randy218]

PGPM trading 5 million an HOUR?????? didnt think I see that

[Chartmaster]

Reddit Rotation should be attracted to this one soon imo, they are buying all trips tickers!

[Swampdude]

It appears to still be a clean shell with existing leases and wells "if I am correct" and the biden administration has cracked down on new drilling. As always do your own and be sure my 2nd hand knowledge is correct. There is the possibility it has attracted someone with oil prices going up. JMHO

[Jeffer2020]

Guys, this company has gone out of business hasn't it? I have had a million shares for years. I missed the last 2 cent run up because I wasn't paying attention. What do you think is making this move??? Strange!!!

[Amikik]

I'm very optimistic about this by considering what's happening in whole OTC markets overall , so I changed my target price from .0020 to .0050 now

[Swampdude]

biden said no new oil and gas wells/drilling and I think this is a clean shell with existing leases and wells. Anyone please correct me if I am wrong.

https://www.politifact.com/factchecks/2020/mar/20/facebook-posts/debate-joe-biden-said-no-more-oil-drilling-and-no-/

[bobbertino]

13.8M...something is up...$PGPM

[bobbertino]

Biden: I am not against fracking. $PHPM

[bobbertino]

Agree $PGPM

[Tagprofenrir]

I like. Get wrecked bears

[randy218]

here is the way I believe they have a shot .....Biden has stopped all "NEW" lease in a great deal of the oil market.....PGPM has "current leases that would not prevent ongoing exploration or drilling etc

[Doubledown75]

Everything in otc is going ham, so maybe we are part of this giant otc pump job. But what if Sam is trying to get the CE removed and get us current??? I don’t think he is a bad guy just got caught up in the oil boom. Just thinking out loud.

[randy218]

yes it is

[GlobalTrader_OTC]

Its your money, wana invest in a scam go for it bud!!! $PGPM