Pilgrim Petroleum Corp. (PGPM)

[cajunot]

This was posted by Wonka on "HotStockMarkets.com":



Original post from socal helix June 2nd 2006

Dear Joseph

Canada and China acquisitions will take more time since are overseas, many factors a due diligence is pending for a final closing. Our acquisition's in Texas are very fast. On the Gustavson issue, a final report will be deliver to us on the next few weeks, this report will contain items necessary to complete our financial audit required for our filing with SEC. I also anticipate a significant increase on the calculations for the reserve report. This will be a good surprise for many. We like to be out of PinkSheets a soon as possible, we are moving as fast as we can on that Q3 maybe?

Q2 ends on June, we release results on July 15 week.

Regards

Rafael Pinedo






----- Original Message -----
From: "XXXXXX"
To: [e-mail]
Subject: Good morning
Date: Fri, 2 Jun 2006 09:46:22 -0700


Mr. Pinedo,



Great PR’s today! I’m sure you will be receiving numerous emails today. I have a few questions I would GREATLY enjoy answers to if you will:



1) Can you tell me when you plan to finish and release your audit to shareholders and become fully reporting? I know these things take time. I fully realize it’s a tedious and involved process and delays can happen. However, you must at least have a tentative plan, a current timeframe in which you plan to complete this. Can you tell me when you think you will achieve this? Q2 2006? Q3? Q4? Next year sometime?



2) Will Q2 results be released sometime in June? Preferably very early in June?



3) Is it possible to inform me when you there might be some announced developments involving Canadian and Chinese ventures?



Thank you very VERY much for your always expeditious and courteous responses. Your candidness and responsiveness has made this a refreshing investing process. I have not sold a single share in spite of the recent downfall in pps. I hold strong and believe in PGPM’s potential.





Regards,



Joe

-------------------------
Week of July 15th for financials.

IMO final Gustavson delayed possibly because of new well activations and well service company aquisition. Thoughts? I am hoping for this report sometime in July as well.

Both of these items will give us a good idea of where this co. is headed. Hopefully up up and away.

IMO, I don't buy any foreign deal with china for PGPM now. Canada maybe.

End of Wonka's Post.