Pilgrim Petroleum Corp. (PGPM)

[JoeBlack]

You are accurate. But there contracts are based on % of OIL and GAS Revenue. With this in mind the higher the price of oil. The higher the revenue. (The Hold The Keys)

Pilgrim Petroleum Corporation is an oil and gas exploration and development (E&D) company formed to acquire, develop, and operate oil and gas properties with proven reserves. The Company's strategy is to focus in domestic areas where major oil and gas producing companies have reduced their exploration efforts to move offshore and overseas in search of the larger reserves. Considerable oil and gas in proven fields remains to be exploited by well-managed independent oil companies capable of extracting these reserves at lower risk and lower cost than unproved prospects.