Pilgrim Petroleum Corp. (PGPM)

[ncpti]

I hear from him everytime I send him an email......

Hi ncpti

Read some stuff on the boards. Been avoiding posting there.

I know you usually post my emails on IHub so here’s some info: (some forward looking)

No production has occurred on any leases since 2008.

Springfield is a 50% JV owner of Climax only and is currently trying to sell their interest.

Total fine on Lariat is around $12,000. (I’m being told)

3 interested parties in the Arcland lease package. 2 foreign, 1 domestic, 1 LOI currently. (I’m being told)

I am working on generating cash flow. I am hoping for 50K to 100K per month by Jan 2011.

Going to NAPE next week to push the property package fbo Arcland as well as drum up some cash flow business.

Good and bad things coming soon.

As always my honest and ethical commitment is to the shareholders.

Matt