DD Support Board and Research Team

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Who writes this crap? Can these scams not find someone with a brain? Rent Wizard of Oz, please...

ADDISON, Texas - Dec. 21, 2017 - PRLog -- Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company with a focus on proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproven prospects, announces increased production still on target for the Q4 production estimates over the last quarter Q3 2017. Pilgrim continues to complete the design for two wells on the Woodford shale play area for Q4 2017.

Management also announces has completed an MOU Memorandum of Understanding with a public company in the US for the acquisition of Pilgrim's leasehold portfolio including some of our Oklahoma Assets. Under the terms of the Agreement, shareholders of Pilgrim will be receiving 1(one) share of stock on the newly public company for every share of PGPM hold in the form of a dividend. Due diligence for the completion of this transaction will be scheduled to be completed in February 2018, more information with details of the distribution of shares, company name and logistics will be available via PR Press Release.

Pilgrim Petroleum Board of directors and Preferred Shareholders have approved the dividend distribution to our common stockholders. The declaration date and completion of the transaction will be one of the most important events of the fiscal year 2018. In addition, the company is taking initial steps to establish Texas operatorship to reestablish Texas operations on current assets, Among the priorities for Pilgrim Petroleum as stated by CEO Samuel Smith "new ventures and acquisitions are the priority."