Pilgrim Petroleum Corp. (PGPM)

[ncpti]

Just a couple of quick question to Matt last night....


Responses below.

Matt

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From: Nick
Sent: Monday, April 25, 2011 7:03 PM
To: 'Matt O'Bryant'
Subject: Think things are coming together



Matt, how things going.......think they are coming into place?

We’ll see. Things are moving forward but I’m not sure how much resistance I’ll get from ACLY.
Is RP on to something here, sure sounds like it?

If you are referring to ACLY and the Kumskaya Neft, LLC acquisition, I have reviewed the Miller & Lents report (noviteh72.ru/media/blogs/invpred/miller%20en.PDF)

from 2009. My review of the KN Reserve Report shows the following data:

P10
Proved = 3,278,000 BBL
Probable = 2,701,000 BBL
Possible = 19,199,000 BBL
Total = 25,178,000 BBL

P50
Proved = 3,278,000 BBL
Probable = 2,701,000 BBL
Total = 5,979,000 BBL

P90
Proved = 3,278,000 BBL
Total = 3,278,000 BBL

You getting things line up and are you anticipating the ACLY event?

I’m positive that good things will come, but I won’t believe it until I see a check or leasehold returned.
How long do you suspect this will trickle down to PGPM....money wise if at all in the near future.

Good question. I don’t know for sure. As a shareholder/representative I’m aiming for asap.
The cross bones..........a sore subject........when lifted?

When asset sale completes or new monies come in for services I will take care of this and as many other liabilities of the company as possible.


Nick