Frankfurt Listed Stocks

[Golden Cross]

Pilgrim Petroleum Corporation Trading on the Frankfurt Stock Exchange
Friday December 22, 7:28 am ET


IRVING, Texas--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (Pink Sheets: PGPM - News; Frankfurt: PHV - News), is pleased to announce today its common stock has been accepted for listing on the Frankfurt Stock Exchange and inclusion on its Xetra electronic trading platform. Shares commenced trading December 20, on the Frankfurt Stock Exchange, under the ticker symbol "PHV," with the German CUSIP (WKN) "A0E TGE," ISIN: US72147P1075.
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The Company chose the Frankfurt Stock Exchange as a result of a growing interest from European investors who make up an already existing foreign shareholder base. The listing in Frankfurt will provide a more liquid market to those existing shareholders as well as make the Company more visible and accessible to new shareholders. For more information, visit our website at http://www.bpetroleum.com.

ABOUT THE FRANKFURT STOCK EXCHANGE (FWB)

FWB®Frankfurter Wertpapierborse (Frankfurt Stock Exchange) is one of the world's largest trading centers for securities. Operated by the Deutsche Borse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche Borse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Borse at: http://deutsche-boerse.com.

About Pilgrim Petroleum Corporation

Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets: PGPM - News; Frankfurt: PHV - News). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.