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I knew these guys had a good one in them somewhere. Glad it came out today.
Pilgrim Petroleum Announces Boost Oil Production and Progress Update in Operations for Q1 2008
10:56a ET February 25, 2008 (Market Wire)
Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV) announces its oil production levels increased by an average of approximately 15% over the last two months, after completion of four additional re-activated wells.
The company estimated these additional wells would increase production by approximately 10-12 bpd per well, adding at least 5% more to the portfolio, or 1,500 barrels per month, upon full completion. In addition, the company will apply for drilling authorization from RRC of Texas in Wichita and Archer County, and we will complete well designs and procurement for two well program in 2008; Lock#2, Lock#4. Pilgrim will complete on July 2008, a design for extensive 9 wells on the same area.
* Commenced construction of new road and new drill site location for Archer county properties. * Contract 3D seismic survey to identify potential reservoir objectives on the basis of seismic attributes.
Pilgrim Petroleum Vice President of Operations, Jerry Schilling, said, "Pilgrim's Reactivation Program has shown significant progress since its implementation. This year, operations will continue to bring back more inactive wells into production and optimize our existent oil & gas production through reduced production cost, improved production rates and increased ultimate recovery."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PINKSHEETS: PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
Forward-Looking Statements: 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.
2008 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.
CONTACT: Eddie Monet 619-864-0166 www.apetroleum.com
SOURCE: Pilgrim Petroleum Corporation
http://www.apetroleum.com
already got a reply from Financial Insights. They said they are hoping UDSG starts working in Manhattan this week. Guess there was a delay or something. And I continue talking to myself.
under the affiliates section on the link of WagerPhone that you provided it shows Function Inc. as one of the affiliates. And since New Wave is aquiring Function Inc., that means that we're still good right? Or am I on crack again.
I just emailed investor realtions for Revenge for the first time. Hopefully I get a response of some kind that doesn't involve telling me to go eat rocks.
I just emailed Financial Insights to see if they can update us on how things are going in Manhattan so far. Will let you know if I get a response. I was hoping for a confirmation PR on the 20th letting us know things are happening. I just wrote down some phone numbers for Subways in the Manhattan area and will call a few when I get a chance to see if they are using the delivery number.
I just sent an email to investor relations. Not sure if they can say much about anything, but they've always emailed me with a response of some kind before, so here's hoping for the best.
YAY! Happy people are on board again!!! There was way to many bad vibes on this board for quite a while. Glad things are a changin'.
so does this part mean we get our shares of NWWV on the 27th?
"Shareholders receive one share of NWWV for each PLYCF share held. Due Bill Redeemable Date: 02/27/2008"
Wait. So you called him earlier and posted what he said, then called back later to see if lots of people called him after you posted the info.? Kinda seems.....lol
Sorry. Just kidding around.
its been nice to have more than 5 or 6 posts to read on this board. Hope it continues. I keep wishing for some DD to fall out of the sky and hit me smack in the face, but it doesn't seem to work that way. Guess I'll keep wishing.
Dude, wow! lol. I don't know that there's much to say for now. If I can get ahold of Robert again I will, but I doubt there is much he can/will tell us. For now my opinion is that they are close to some big deals but are struggling to keep financially afloat while they wait to negotiate these deals. Otherwise I think they would have just "took their ball and went home." The reduction of shares could be a good move if/when we run in the future...but right now it looks pretty crappy in my account.
The end. :)
From a save-the-world perspective, I would like to see Revenge work with some hybrids and alternative fuel vehicles. That would be a monumental step IMO. Who knows, maybe someday. I for one, would feel much more macho driving a car that emits french fry smells, if it at least looked like it could kick my butt!
ya gotta put your money somewhere. I trust these guys lot more than I do my bank...which is sad to say. Better days ahead for this stock though IMO.
this all completely blows me away. I'm pretty sure this is why I never got my phone call, but I won't yet assume the worst here. I may be crazy but I wanna find out what these guys are up to; be it good...or eeevil! lol.
until one of my stocks pop or I get paid from work on the 25th I have nothing more to average down with. I'm not too worried about this stock long term, but I sure could use some money in the short term. I guess I spent a little too much too soon. lesson learned.
I'm in a bad spot now. No more money...at all until one of my stocks pops. I hate this feeling.
I bought at .0073 and I'm down just like the rest. :(
Wish I could sleep for a week or two and then wake up to the new high pps.
It's "the man" trying to keep us down I tell ya. Sooner or later this company will get the credit it so richly deserves...I hope. BTW, that was a very interesting story, thanks for posting it.
nevermind...I found it.
where did you see this?
glad I didn't rush out and buy a ferrari this morning. Looks like I might have to wait until tomorrow. :)
maybe the share counts aren't updated frequently on the site? I doubt UDSG is waiting for cheaper shares due to the events that will happen on Feb. 20th. May never see cheaper shares than now...so maybe they are buying back but it is not showing up yet. IDK. Something to think about I guess.
I bought a bunch today...glad to be in this thing! Happy Wednesday everyone!!!!
When is the decision date DNAG has before they choose whether or not to accept the buyout offer again? I can't view the 8-K for smoe reason.
Thanks
might be me...I had the chili for lunch! lol.
***tumbleweed blowing through the PLYCF board.***
Did everyone get the newest letter from Financial Insights yet? I got it today. Basically it's just a copy of the press release about UDSG starting February 20th in Manhattan. But I like the part on the second page where it says many more of these type of announcements are expected in the near future.
Well, this just keeps looking better and better. lol. However, didn't they say they have installed their BPL technology in some hospitals and an few other places in Canada and the U.S? I think there still may be a chance for something good to be happening here...but we'll see.
maybe they'll do the new camaro???
still waiting for him to call me. I'm sure he's really busy though...or at least I hope he is.
Is it Feb 20th yet??? Waiting is always the hardest part for me in stocks.
This stock is very undervalued right now and those that don't get in before that realization hits are going to miss a good opportunity. One thing I know, is that you can't judge a company by it's stock price, especially penny stocks. Manipulators can easily play with it until they get it exactly where they want...but that won't last forever. IMO
I think he likes it very very much. He's just shy.
Do you think if we own enough of these shares, we can get a discount on Revenge car??? My ultimate hope is that they do a Viper or I'd settle for a vette if I had to. lol! Or have they already done that and I missed it?
I'll soon be buying more of this "POS", because this "POS" will soon be made of solid gold...and maybe a peanut or two! :)
I wonder if a larger company WAS found but they wanted DNAG and Nanobac together and for some unknown reason a merger wasn't plausable so we got a buyout. Or I guess I could just say this company and stock sucks crap like some on this board would say. I just hope whatever is gonna happen doesn't take very much longer to happen. But either way, it's been fun to be in on this stock.
You are right in a sense, but my thinking is that both companies have good products and technology that much larger companies will be interested in for one reason or another so even if these two companies lack the fundamental business savvy to market their products on their own, a larger company could do so easily. This is where I place my bets for now.
Well I bought more today. I figured the best thing I could do would be to average down under a penny. That way there is a chance I profit in the short term here. Long term, I believe these two companies combined will do a lot of good things for the world, and the world will someday take notice. JMO though.
I gotta watch the super bowl pre-game stuff now, so see you all later. Everyone enjoy the game and I hope your team wins...as long as your team is the Giants!!!!
Good postings today, not much hate going around. Hope it stays this way during the week.