Pilgrim Petroleum Corp. (PGPM)

[2hars]

awesome and laz, both of you had written some...(pardon the word usage)...AWESOME, thought provoking suggestions. I have always said we have some brilliant minds on this board.
It is my hope that Matt follows the suggestions from both of you down to the finest details.
PGPM has to grow from this. I like this part of your post the best.

ACLY broke the terms of the asset acquisition (they didn't pay!), so PGPM is entitled to all the properties back. So, why not counteroffer that PGPM needs to get back a few of the lease properties, now, in appropriate condition at ACLY's expense and fully ready for the technology to make them productive. Cherry-pick the ones O'Bryant thinks he can make the most profitable. That way, PGPM can have a future, albeit smaller, irrespective of the success or failure of this Russian gamble. PGPM is holding some trump cards, but only now in the pre-financing stage. PGPM needs to play the hand it has now.

2hars