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I'm wondering if todays news will drive any interest from the "market alert" emails people often subscribe to. I get them as well as any news pertaining to PGPM. Seems to take a day or for people to pick up on it & for it to get around. Who knows what will happen. Hopefully this will be the bottom.. with the abnormal volume today it seems like someone is unloading for the tax write off (a lot of volume before the news was even out), although who really knows. Seen a lot of trades go through at the ask. I bought some myself with some spare funds. Lets see where it goes.
Chart showing a reverse head and shoulders for today, lets see if it continues tomorrow
I'd like to just stay around the .03-.04 range for the end of year.
.0214 1,175,000 16:06:02 Posted Late.
With that volume nearly 7 mil today. Wonder if people are selling it off cheap at this point to claim it as a loss?
NEWS Out about FSX
Pilgrim Petroleum Corporation Pursuing Listing on Frankfurt Stock Exchange
Pilgrim Petroleum Corporation (Pink Sheets: PGPM), is pleased to announce they are aggressively pursuing the listing on the Frankfurt Stock Exchange in Germany.
The Frankfurt Stock Exchange is one of the world's largest trading centers for securities and it is the largest of the eight German stock exchanges. This leading exchange facilitates advanced electronic trading, settlement and information systems. The advanced technology enables the exchange to meet the steadily growing requirements of cross-border trading. In addition to traditional floor trading, it has one of the leading electronic trading platforms in the world known as Xetra(R).
Rafael Pinedo, Pilgrim Petroleum Corporation's president, said, "Pursuing the listing on the Frankfurt Stock Exchange is another milestone in our long-term growth strategy. With a strong interest in oil and gas projects among European companies and investors, the FWB listing will increase the Company's visibility and extend our playing field by reaching into the European market. Trading in both the United States and Germany will provide Pilgrim Petroleum additional opportunities to the next level of commercial development." Final approval should be announced within the next week.
ABOUT THE FRANKFURT STOCK EXCHANGE (FWB).
FWB(R)Frankfurter Wertpapierborse (Frankfurt Stock Exchange) is one of the world's largest trading centers for securities. Operated by the Deutsche Borse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche Borse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Borse at: http://deutsche-boerse.com.
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (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 effects 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.
Pilgrim Petroleum Corporation
Eddie Monet, 619-864-0166
emonet@americancapitalipo.com
www.apetroleum.com
Source: Business Wire (December 12, 2006 - 11:12 AM EST)
0.0266 210000 OTO 16:03:02
Posted late
I dont even look at most of the charts anymore, the EOD tape painting makes a lot of them useless.
I think most of us share the same concerns ( at least I do).
End of the year is coming up quick, I was holding out for some type of jump but it doesn't look like its gonna happen by EOY. Unfortunately I had some wash sales while I was anticipating a few jumps. Sold some at a loss & bought back lower.. made some $ & got a few shares free, but fuked myself. Although I figured by this time I'd of sold all for a nice profit. But it didnt turn out that way.
Just not much to talk about.
Was wondering how you made out willie. Think the only thing most of us could do is wait.
Green usually means filled at the ask, while pink/red means filled at the bid. Orange means filled between bid & ask. Blue denotes a new high or low.
If someone is selling it...someone has to buy it... every buy is a sell, & sell is a buy. whether it be a mm or just someone else buying i.
Whether its traded at the ask or bid, can give you an idea if people are willing to pay the premium(ask) for it, to get it "now:.. or vise versa for the bid... was not the case today, as the bid & ask kept falling.
.0568(T) 1,785,000 16:05:03
.052(t) 3,187,000 16:02:10
Posted late
Just broke .049 5000 15:49:46
NWOG Limbo, how low can you go!!
Have to agree with that!
News drives a lot of potential/interest. (Ex. the buyout PR)
Idk about everything else.
But I noticed whiles watching this today toward mid/end of day, when it was in the Low to mid .07 range there was a lot of orders going through at the ask. Lots were paying a "premium" for it. Someone was buying it up. Rose to the high .07 -.08 range
Then we got all this Stuff after the bell
http://i66.photobucket.com/albums/h248/bs49886/bee005f4.jpg
been anxiously awaiting this exchange change, for months
.031(T) 65,000 16:00:04
posted late
gap starting to fill again....
"announces today that the Board of Directors has approved, effective immediately, a repurchase plan to buy up to $1.5 million of its common stock"
No time limit has been set for the completion of the repurchase program"
Also, where are they getting this $1.5 mill. in cash to do a buyback
.035 (T) 119,000 16:00:19
Post late, What is this? Almost every day now..
Through the roof....
Damn, we just made a 52 week high.
haha, someone didn't pass typing 1
At the top of a high vol. oil pick. Maybe we'll get some interest today
Dallas, Texas, Nov 16, 2006 (M2 PRESSWIRE via COMTEX) -- TraderWorks.com
reports news and movements on: Pilgrim Petroleum Corporation (OTC:PGPM), Greater
Sooner Holdings, Inc.,(OTC:GSNH), Deep Blue, Inc. (OTC:DPBL), Key Energy
Services, Inc. (OTC:KEGS), Terax Energy Inc. (OTCBB:TERX). Check and visit us at
TraderWorks.com for more on market news and profiles.
Oil Brief: oil prices rose after U.S. fuel stockpiles fell due to an unexpected
reduction in refinery operating rates. It rose to $59.13 per barrel at 11:21 am
on NYSE.
Pilgrim Petroleum Corporation (OTC:PGPM), an independent oil and gas company,
announces its oil well reactivation program will complete five additional wells
in its Climax Lease before the end of the year. The company estimates these
additional wells will increase Climax production by approximately 10-12 barrels
per well, adding at least 50 barrels per day, or 1,500 barrels per month, upon
full completion. Pilgrim Petroleum continues to focus on increasing production
levels through internally generated development opportunities. In addition, we
are currently working to setup a new drilling site on the same area with a
potential of at least 250 bpd to 300 bpd. Pilgrim Petroleum Corporation Vice
President of Operations Jeffrey Fanning said, "Pilgrim's Reactivation Program is
making significant progress toward our year end results. Operations will
continue to bring back more inactive wells into production, capitalizing on our
best resources to improve recovery levels." Stock Price: 0.033, Up+ 10.% on
382,761 shares traded
Greater Sooner Holdings, Inc.,(OTC:GSNH) announced that the Board of Directors
has appointed Christopher P. Scully to serve as both CEO and President of the
Company. "GSNH has been looking for a top caliber, experienced oil and gas guy
for some time," stated current CEO Russell F. Krauss. "Chris has drilled or
participated in over 250 wells in 8 states over the past 25 years and as a
principal, has purchased over $250 million of producing oil and gas properties.
Chris is exactly the right guy at the right time to take this company to the
next level." Christopher "Chris" Scully began his oil and gas career as Chief
Area Landman for Patrick Petroleum in Jackson, Michigan in 1976. Since that time
Chris has co-founded several independent oil and gas exploration companies, as
well as co-founding San Juan Partners, L.L.C. (SJP), an entity whose investors
included EnCap Investments and First Union Capital Partners. In 1998, SJP
successfully privatized the Burlington Coal Seam Gas Royalty Trust (NYSE:BRU).
SJP was sold to Dominion Resources in 1999 for approximately $140 million. In
2003, Mr. Scully co-founded Petrosearch Energy Corporation. Petrosearch
(OTC:PTSG) is a publicly traded company with a current market capitalization of
approximately $50 million. Russell Krauss plans to continue in a non-executive
role as chairman of the board.
Stock Price: 0.05, Up+4.17% on 77,907 shares traded
Deep Blue, Inc. (OTC:DPBL) has completed an agreement with Charity Brands
Marketing to provide a range of strategic consulting services to support the
company's development. Charity Brands Marketing, with headquarters in New York's
mid-town Manhattan, is supporting Deep Blue by developing proposals for capital
funding for final development of its unique medical technologies. Charity Brands
Marketing (www.charitybrands.com) is a leader in developing relationships
between non-profit organizations and corporate sponsors. Since its inception in
1985, Charity Brands has helped dozens of major non-profits and hundreds of
corporations improve consumers' understanding of major health concerns, generate
funding for nonprofit organizations' initiatives, and increase traffic and sales
for corporate sponsors. Charity Brands has recently expanded its service base to
include securing support for innovative commercial enterprises that provide a
humanitarian benefit. "We are extremely proud to be working with Deep Blue to
help rid the world of some of our most deadly diseases," said Stephen M. Adler,
Chief Executive Officer of Charity Brands Marketing." Deep Blue, Inc.
(www.deepblueinc.com) is bringing to market an innovative patent-pending
treatment, (Application Number 11/208,402), for HIV /AIDS and other viral
infectious diseases.
Stock price: 0.09, Up+ 28.57% on 1,020,179 shares traded
Key Energy Services, Inc. (OTC:KEGS) announced that Dick Alario, Key's Chairman
and Chief Executive Officer, will present at the 2006 Bank of America Energy
Conference on Thursday, November 16, 2006. The presentation begins at 10:50 am
EST and will be available via a live webcast. To access the webcast go to
http://www.keyenergy.com and select "Investor Relations." Key Energy Services,
Inc. is the world's largest rig-based well service company. The Company provides
oilfield services including well servicing, pressure pumping, fishing and rental
tools, electric wireline and other oilfield services. The Company has operations
in all major onshore oil and gas producing regions of the continental United
States and internationally in Argentina.
Stock Price: 14.95, Up+ 2.75% on 268,832 shares traded
Terax Energy Inc. (OTCBB:TERX) recently announced Tiny (1000 sq. miles) Erath
County in Texas has become a proven gas producing area for several companies in
the prolific Barnett Shale gas play and may hold the possibility of even greater
finds. Companies actively exploring and drilling in the area include Chesapeake
Energy Corporation, Terax Energy Inc., Infinity Energy Resources and XTO Energy,
Inc. 2006 has proven to be a banner year for the county. According to Reed
Construction Data's September 12 edition of their Building Team Forecast, so far
in 2006, Infinity Energy Resources had drilled 9 new horizontal and 4 vertical
wells in Erath and Comanche Counties. Their three most recently completed
horizontal Barnett Shale wells in Erath County achieved peak gross daily
production rates that averaged 1.2 million cubic feet of gas ("MMcf") per day,
according to company reports. In 2004, the Barnett Shale as a whole produced 368
billion cubic feet of natural gas, enough gas to heat 1 million homes for about
five years, according to figures compiled by the Texas Railroad Commission and
the American Petroleum Association. Though a relative newcomer, Terax Energy
(OTCBB: TERX) has acquired a total lease position of roughly 27,493 mineral
acres in Erath, Comanche, and Hamilton Counties, Texas. Terax commenced drilling
operations over the last year and to date, has spudded four wells in the Bamett
Shale play. The company has entered into a five-well drilling contract with Unit
Texas Drilling LLC, a wholly-owned subsidiary of Unit Corporation. Terax also
has an option to extend its drilling contract to additional wells. It is
estimated that Terax will have drilled 14 wells in the Bamett through the end of
2006. Their acreage can support approximately 200 possible wells. In an August
10 press release, Infinity Energy Corp. said they believed that most of its
future horizontal Barnett Shale wells throughout Texas, with full-length
laterals and now with the benefit of both 3-D seismic and micro-seismic, would
achieve gross proved reserves of 1.0 Bcfe to 2.0 Bcfe. These reserve
expectations were in line with the Company's actual experience with recent wells
at that time and stated goals of 1.0 Bcfe to 2.0 Bcfe of gross reserves per
well. At that time the company had found that for them, the pretax internal rate
of return over the life of a typical horizontal Barnett Shale well, using a
monthly discounting convention, ranged between approximately 18% and 147%, with
a mid-point of 62% which is representative of the Company's expected rate of
return prior to running sensitivities. Further proof of interest in the area was
demonstrated in June, when Fort Worth-based XTO Energy Inc. agreed to purchase
Peak Energy Resources Inc., a privately held company that produces in the
Barnett Shale, for equity consideration of 2.555 million shares of XTO common
stock, valued at approximately $105 million. The acquisition increased XTO's
reserves and leasehold acreage predominantly in Hood, Parker and Eastern Erath
counties of Texas. XTO estimates proved reserves to be 64 billion cubic feet
(Bcf) of natural gas.
Stock Price: 0.215, Up+ 18.78% on 2,305,281 shares traded
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Someone made a bo bo....... a $1,500 bo bo
0.33 5000 OTO 14:41:53
Was wondering why I got a price txt alert this afternoon. heh
.0325(T) 187,500 16:17:52 posted late
Just got some spam about this stock, lets see if some suckers get some momo going.
.032 (T) 72,000 16:01:07 Posted late
A nice well write PR that has some usefulness...for once.
Lets hope from here on it they stay like that and no BS.
It is armistice day.
Anyway, elections are over. Expecting fuel price to go up a little.
(lol)
Once these pointless PRs stop & we get one with useful info. It will go up. Anyone ask him or hear from him about the TSX or Gustavasons additional report? He wont answer my emails so Im not even gonna bother asking him myself anymore.
That line painting crap really screws up the charts
Yeah really.
.03(T) 200,000 16:03:31
posted late
weird, even before the trade was posted late there was over 1mill. in volume. On no news.
NO reversal yet. I figured it was just someone painting the tape yesterday.
Keep seeing trades like this
0.0315 (t) 50000 OTO 16:11:04
posted late
Charts starting to show a reversal. but there wasnt much volume. Lets see if it continues after trading is done tomorrow.
I don't have any position in this P()s, but.. Your obviously in Denial about this stock. How many times are you going to say, this is gonna be big, gonna be huge, Going to .001.. ITS going to $100/pps!! AHHH
Your only only fooling yourself.
IF this is going to have a R/S it will just go lower & your shares are going to be worth even less. Can you elaborate on how you expect this to go to .001? IT took stockster a days of pump this to get it up into the .001x range only for the floor to fall out from under it with all suckers holding the bag. Given the history of this company, they probably wont be able to get it that high themselves, it will probably have a R/S & even more dilution.
I'll be watching.. & learning... Nothing I dont already know, hahaha (some learn by example, some learn by being the example.)...
No offense buy you have to come to your senses with this thing.
missing alot of other chances with other stocks. You may bash me, but Im only trying to get you to see the light. I hope Im wrong for all the shareholders sake, but I doubt it.
I think we're all waiting around for management to get something done.
Many indicators showing this at or approaching the oversold point. Maybe we'll see a turnaround. Spread slowly getting squeezed together.. Gonna break out one way soon. Has had good support at .03 in the past so I would hope its going to be up.
on another note. After the bell today.....
0.032 105000 OTO 16:00:59
Waiting for this next PR.
Anyone here anything lately?
Pinhead sees what I say on here & now wont respond to my emails.
Weird,
his name & contact info is still at the bottem of the latest PR.
Now what was I saying?
Luck maybe, woulda been up over 50% just from buying this at opening this morning.
According to the charts this is gonna keep going. Expecting a gap tomorrow morning & go higher.
Lets see what happens
LOL, been trying to sell at a reasonable level for weeks.
Don't want to totally loose my a$s on this.
Somebody is buying, the last 10 minutes
Lots of indicators showing this as oversold, wouldn't suprize me if good news, plus good looking charts make this thing pop sometime soon.
More posted late.
.0346(T) 90,000 16:01:42