Pilgrim Petroleum Corp. (PGPM)

[Wishful Thinking]

NEW 5/18/17 DD HERE: AMAZING OPPORTUNITY





About Pilgrim:

Pilgrim Petroleum Corporation is a Texas based oil and gas exploration and development (E&D) company with domestic producing crude oil and natural gas properties. The company has positioned itself and its shareholders to take advantage of the supply needs in the energy sector by providing domestically produced resources. We currently hold crude oil and natural gas reserves with the majority of acreage in shallow formation fields for low cost exploration, drilling and production. The Company’s management and operational team have extensive oil and gas industry expertise as well as capital market experience. Our combined strengths allow the company to run at maximum efficiency while exploiting the full potential of our properties to maximize production.

Website: http://www.pilgrimpetroleum.com/index.html


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SHARE STRUCTURE 5/15/17:

Market Value1 $9,219,676 a/o May 17, 2017
Authorized Shares 2,000,000,000
Outstanding Shares 1,152,459,514

Float 903,297,039

NOTE: $9M market value with $48M assets


SAME SHARE STRUCTURE AS WHEN IT TRADED .20



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PILGRIM PETROLEUM CORPORATION BALANCE SHEET March 31, 2017:

2017 TOTAL ASSETS: $48,899,863

2017 TOTAL LIABILITIES: $7,268,375

2017 SHAREHOLDER EQUITY: $41,631,488

NOTE:$PGPM ASSETS ARE AUDITED

$46 million in assets for the public company. All which has been verified by 51-101 geological reports. Read the reports below which was just added to the website. These are geological reports that prove the assets.

http://www.pilgrimpetroleum.com/data-room.html

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Pilgrim Petroleum Corporation Announces Plans to file Disclosures on OTC Markets

Apr 27, 2017
OTC Disclosure & News Service

Addison, TX -

Addison, Texas April 27, 2017 Pilgrim Petroleum Corporation (PGPM), an independent oil and gas company and parent of Pilgrim Petroleum PLC, is pleased to announce that the company will be filing initial Information Disclosure as Q1 2017 operations and proceed with reorganization plans including filing of all disclosures required by OTC Markets, FINRA and SEC. This also will include an additional investment to enable retiring all or nearly all the current liabilities of the company. This reorganization and additional investment continues the strong belief in and commitment in the company and assets.

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Picture of PGPM Current WELLS:




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PGPM CHARTS:





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Reserves

The company as of March 31, 2017 had a NPV of $7,259,867 in estimated
net remaining proved undeveloped reserves of 800,000 barrels valued at
$47.87 per barrel less an estimated $2,000,000 cost to recover at
twenty percent of the estimated total.

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ZERO DILUTION:

PILGRIM PETROLEUM CORPORATION
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2017

Stock Issuance
The company has not issued shares of common stock this current year.

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The Barnett Shale formation in the Fort Worth Basin stretches over 5,000 square miles, and across 10 counties. At a depth of between 7,000 and 9,000 feet, the layered rock formation, which is unusually rich in raw materials, demonstrates strength of 400 to 900 feet and is the most productive gas field in all of the U.S.

Our (early-stage)estimations to calculate the Potential Oil Reserves underlining our properties in the Bend Arch-Fort Worth Basin Province are based on volumetric calculations. Based on approximately 12,000 acres of proven and unproven undeveloped fields, assuming 500 feet thickness of this play is oil pay and an average potential production of those fields, the potential volume of recoverable reserves were calculated. It is worth mentioning that the thickness chosen is required to accurately count net effective reservoir quality rock (e.g. sand) and it is also used to construct net pay isochore maps for volumetric reserve calculations.

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Merger in PLAY:

We are very pleased to take the opportunity in this letter to introduce recent developments at Pilgrim Petroleum Corporation (US Public Corporation) and communicate our strategy to grow shareholder value going forward. After seven years of "Stealth" activities after the downturn of 2009 and 2010, we were keeping a tight lid on the venture activity with an upside on the private equity business with our key partners and our parent private company Pilgrim Petroleum PLC (with the same name but soon to be change), has been a great value to the company.

https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-Issue-Letter-to-Shareholders?id=158635&b=y


_Pilgrim Petroleum PLC a private company and subsidiaries, an independent oil and gas company, has completed its acquisition of an 79% controlling interest in the announced acquisition of Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million net of customary closing adjustments. The assets include approximately 210,000 acres with most of the position held by production. American Capital Investment LLC has agreed to sell 100% of its equity interest in its oil and gas subsidiary Alpha Petroleum Resources LP (Texas Corporation) to Crescent Hill Capital Corp a Dallas Texas private equity firm providing a credit facility at closing of $615 million US Dollars..


https://globenewswire.com/news-release/2016/10/20/881262/0/en/Pilgrim-Petroleum-Completes-Acquisition-of-Controlling-Interest-Oil-and-Gas-Assets.html
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2017 OIL OUTLOOK:


Oil tipped to soar by $10 a barrel in 2017 amid a bumper year for commodities, say Citi analysts

http://www.cnbc.com/2017/04/18/oil-prices-forecast-60-dollars-commodities-citi-analysts-crude-brent.html

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Our Corporate offices are located at: 5057 Keller Springs Drive, Suite 300 Addison, Texas 75001

Support: [e-mail]

Telephone: [phone] | Fax: [phone] Corporate Address main parent UK

Pilgrim Petroleum PLC (Private Company): Canary Wharf Center, 25 Canada Square 821, Canary Wharf London E14 5LB, UKTelephone: [phone] Support: [e-mail]