Pilgrim Petroleum Corp. (PGPM)

[PGPM_COO]

Thank you . . .

. . . for all your comments and concerns.

Props to Awesome, Rexrick and Dallas . . . Nailed it!!!

Boys, Please let up on the ACLY board, at least for now.

Focus Misfits!!! (sorry, if u pansies take offense to the term . . . toughen up!)

Initial Offer (Draft) from Arcland Energy Corporation:

For the American Petroleum Corporation Note:

16 to 1 conversion ratio Preferred to Common.

557,783 Shares Preferred (note interest + small portion principal) + $2,400,000 Cash by July 31st 2012

Convertible to 8,924,528 Shares Common ACLY!

Of course current valuation of ACLY is $0.34 with current bookable assets only. With Gustavson NW Texas Leasehold $0.35 to $5.00 and . . . with Kumskaya Neft Acquisition $5.00 to $70.00???

Awaiting formal documentation. Will post final documents in data room when presented.

Tax liabilities can wait till tax time.

Pushing for Board position ACLY to monitor Pilgrim's investment.

Is it worth it? or shiv em!!!

Talk to me!

Going on family vacation for the coming week. Please refrain from bashing me or the company during this time.

Thank you.

Matt