Pilgrim Petroleum Corp. (PGPM)

[deafchild]

Interesting GENERAL ENERGY IS A DIRECT AFFLIATE OF PGPM. So did they sign a LOI with themselves? Or am I missing this all together? And why can't I find anything on GHS Energy?

http://www.thefreelibrary.com/General+Energy+Corporation+Announces+Strategic+Alliance-a0154713301

DALLAS -- General Energy Corporation, with offices in Dallas, Texas, and Montreal, Quebec, today announces a strategic alliance with Huizhou Engineering Co. Ltd and SEWAN Limited, both of China, to develop and manufacture land and offshore workover equipment and portable trailer drilling rigs. Both of these companies have successfully acquired contracts in Southeast Asia, China and England. The alliance will be named GHS Energy, with a main office in Montreal, and will be lead by managing director Rafael Pinedo. General Energy Corporation is a direct affiliate of Pilgrim Petroleum Corporation (Pink Sheets: PGPM), lead by President and Chief Executive Officer Rafael Pinedo. Effective immediately, GHS Energy will begin marketing services in Canada and in the United States early next year.

Mr. Pinedo said, "We are very pleased to have interest in such an outstanding joint venture with great value in cost of drilling, loss of production, manpower, safety and reliability."