The way I look at it is, I am in this stock for a loss of $15000 (yes I am an idiot), I can't lose much more! From this point forward, if the price rises a penny, I'm making $7000. If it drops a penny, likewise. So I have no choice, my accountant would kill me if I dropped this little gem on him... I am hoping it goes to .08 this year!
C'mon Ralphy, let's over estimate again and "give 'em one for the Gipper". Boy would I love to see .25 again!!!

Lets hope you are right, but I think it is beyond Pinhead to write a well constructed PR. I would prefer them to employ a PR firm, ya know, someone who knows how to make crap smell sweet...

Ya think with oil being up today this might crack .032 - I don't think so... here's hoping!

Frankfurt 0.035 +34.62% @ the close
Hope we see the same action here today!!!!!!!

A couple of doji's the last two days. We have hit .031 also a couple of times recently. That gives me a reason to be a little optimistic. If we get good news, we could see this POS move a little upwards. At least the bleeding has stopped for the moment!

yes, sorry

We need volume. People other than us who buy this stock. A press realease followed by 180,000 ($45000) shares traded is not gonna do it. WE need some fresh money in this people!!

Frankfurt Exchange 0.013 -31.58% - this is working out really well so far...

The move to the Frankfurt Exchange has proved fruitful - a whole 00000000000000 stocks traded yesterday... zip, zero, nada... those germans are crafty and don't want to waste .019 cents to buy oily mud in Texas...

Next watch me pull a rabbit out of my hat...
I guess the only thing that will move this stock will be actual numbers and production... a novel approach!

Let's hope we see some action today. Oh, reaching the 52 week high of .33 would be a nice xmas present, but really, seeing it get up to around .045 today would be nice!!!!

Pilgrim Petroleum Corporation Trading on the Frankfurt Stock Exchange
Friday December 22, 7:28 am ET


IRVING, Texas--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (Pink Sheets: PGPM - News; Frankfurt: PHV - News), is pleased to announce today its common stock has been accepted for listing on the Frankfurt Stock Exchange and inclusion on its Xetra electronic trading platform. Shares commenced trading December 20, on the Frankfurt Stock Exchange, under the ticker symbol "PHV," with the German CUSIP (WKN) "A0E TGE," ISIN: US72147P1075.
The Company chose the Frankfurt Stock Exchange as a result of a growing interest from European investors who make up an already existing foreign shareholder base. The listing in Frankfurt will provide a more liquid market to those existing shareholders as well as make the Company more visible and accessible to new shareholders.

I've got 400,000 at the sale price of .04!

That's right, one time and one time only.

I'll take the 1st .04 bid!

Come on, step right up... I tell you they won't last long at these prices...

wink wink, nudge nudge...

Well we hit in the .01's (.019) where I predicted, now we just need to hear about Frankfurt as we were promised in last weeks PR. (by the end of this week).
Am holding my breath on this one, this could be the PR (or lack of)that sinks this ship... GLTA

Over 5mill shares traded yesterday, today 150,000... go figure! Someone had a fire sale and dumped it all. I am guessing a company or institutional trader, as they are probably trying to cut there tax loss.
Unlike a personal trader, it's all profit & loss to them. They can take more than a $3000 loss and right it off against any profits that they made.
There aren't too many stocks that did poorly this year, not like hmmmm, let me think - Pilgrim Petroleum Corp!!!!!

If ever there was a time for them to do a share buy back, it might be around now...

How low will she go - I have a feeling we will hit .01 before the end of the year....

I wish I could call you a basher and give maybe two reasons why you are wrong. Unfortunately all of what you said is totally true. I too got into this stock back when it was in the .20's and like a fool got married to it.
The only thing good about this stock is that Pinhead has actually got some IT experience and made a pretty nice website to lure would be investors into this POS!!!
In the 6mths I have owned this stock it has steadily declined while oil rose and then fell and then rose and then fell again....

I guess there is nothing to post about - it's not like anyone is making any money. I would go as far as to say that I am embarrassed that I actually own as much as I do. If I could unload it all and lose just 20%, I would do it in a heartbeat! There is no effort by management to give us any figures to go on. It's all % this and % that... maybe next year it will go up!

11am and not one share sold or bought.....
Last one to sell this POS, please turn off the lights when you leave...

MACD is showing some divergence and is heading up. In a good stock that is a great sign, with this one, who knows?????

Let's hope we get back to .04 for the end of year....

Unfortunately whatever the cost is, we NEED an audit to go to the next level.
You have to be fully reported and audited to be able to make it to a REAL exchange, not the pinkies....
As soon as that happens, we are off and running!

Nice time to pump this stock to get a little xmas bonus for the boys....

Lets hope!!!!!

Great to see this stock is doing so well with oil heading up again.... What do we REALLY need for this stock to pop???? I am all ears.....

So ya telling me we own American Airlines!!! Yippeeeee

Let's hope that they don't know someting we don't????

I just gave in and bought 110000 more @ $.031 - couldn't resist... someone just hit me on the head with a blunt object!!!!

timberrrrrrrrrrrrr - I hope management comes out with "GREAT" news soon...

I really am invested all I want in this and realize that these are bargain prices yada yada yada... but pleaaase throw us a bone!!!

I don't know, but the .05 - .03 is 40% drop in my portfolio I see as a significant change... not to mention hitting .28 on May 2nd and dropping to .03 is like a kazillion % down turn.

Even after that I am still optimistic.

As for the upgrading to a new exchange - pick any penny stock and they will all talk the same talk. Not many do it coz they have to do a thing that most aren't comfortable with... accounting!

"We will PR some very important news on the next few days related to our additional reserve reports and filings in Canada and other."

Lets guess how many days a "few" is...

I am guessing Thurs 16th - 13 days. Anyone elso want to have a guess?

Me love you long time for your research...

Every time this guy comes out with a PR lately the stock price drops...
I think we need some positive #'s for this thing to move, or we get bought out...

Now that there is funny!!!

Does this mean that the "privately held Delaware corporation" will be milking Pilgrim. I can see Pinedo using his new company spinoff to milk PGPM?

or am I just a little paranoid????

General Energy Corporation Announces Strategic Alliance
Tuesday October 31, 7:30 am ET

DALLAS--(BUSINESS WIRE)--General Energy Corporation, with offices in Dallas, Texas, and Montreal, Quebec, today announces a strategic alliance with Huizhou Engineering Co. Ltd and SEWAN Limited, both of China, to develop and manufacture land and offshore workover equipment and portable trailer drilling rigs. Both of these companies have successfully acquired contracts in Southeast Asia, China and England. The alliance will be named GHS Energy, with a main office in Montreal, and will be lead by managing director Rafael Pinedo. General Energy Corporation is a direct affiliate of Pilgrim Petroleum Corporation (Pink Sheets: PGPM - News), lead by President and Chief Executive Officer Rafael Pinedo. Effective immediately, GHS Energy will begin marketing services in Canada and in the United States early next year.

ADVERTISEMENT
Mr. Pinedo said, "We are very pleased to have interest in such an outstanding joint venture with great value in cost of drilling, loss of production, manpower, safety and reliability."

About General Energy Corporation

General Energy Corporation is a privately held Delaware corporation with offices in Dallas, Texas, and Montreal, Quebec. The company is an oil & gas operator and oilfield machinery servicer, including drilling and workover operations.

About Pilgrim Petroleum Corporation.

Pilgrim Petroleum (Pink Sheets:PGPM - News) Corporation is an independent oil and gas company based in Irving, Texas. The company acquires oil and gas leases, producing properties, mineral rights and surface interests primarily on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property 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.

2006 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.

If I read the Sept. '06 report right, net income for the three months was $29,675 after paying income taxes?
Net income for the 9mths is $411,882?
I agree this stock is a long haul...

because they probably just throw the couple of barrels in the back of a pickup truck that they borrow from a buddie... ya know, to keep costs down.

I feel your pain!!

As they say, there is one born every day, and it seems this one may have caught me...

After lame PR, you now will have another chance to load up on cheap stocks... if you have any money left!
Unfortunately now, every penny this goes down, your portfolio will drop 25%, or thereabouts.