Pilgrim Petroleum Corp. (PGPM)

[Beardeus]

Getting pretty excited here. Added more today. So what do you think the company is really doing? Going to drill? Lease the land? This is the PR from April if anyone wanted to read it. Also why is the company concerned about retiring the liabilities if the debt seems to be so low? Of course no debt is probably better than debt but not abnormal for companies to have a little debt.

ADDISON, Texas - April 27, 2017 - PRLog -- 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.