Pilgrim Petroleum Corp. (PGPM)

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Rafael A Pinedo, Chairman of Pilgrim, said the company would never have seen as many opportunities to put together so much acreage as demand has started to soared exponentially as new drilling techniques to extract crude at a profit are available despite low oil prices; Stephen Richardson, Pilgrim Petroleum President and CEO said, "The success would depend on whether the oil price recovery holds as will continue to acquire properties to increase our company valuation." also, Richardson Announces the reorganization of subsidiaries and consolidation will be announce by December 5, 2016, this will include plans for fiscal year 2