Lol, do you want me to do your homework? Lol. Did Sammy boy do his Dd? Lol. He put this pr out then abandoned the investors.
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CEOPilgrim2017 Tuesday, 08/21/18 03:07:00 PM
Re: None 0
Post # of 64227
8/21/2018
Pilgrim Petroleum Corporation Announces Corporate Update to Shareholders.
Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company with a focus on proven fields exploited by well-managed independent oil companies extracting reserves at lower risk and lower cost than unproven prospects.
Pilgrim Petroleum has signed a Letter of Intent to be acquired by way of an exchange of stock. When the conditions of the letter of intent are met, current shareholders will have the opportunity to exchange their common shares of PGPM for shares of the acquiring company. Specific details of the exchange will be released shortly and include instructions for the movement through the transfer agent of the acquiring company.
The acquiring company is an E&P Company with operations in Oklahoma, Kansas and Texas supported by wholly owned subsidiary operating companies. In addition, the company is equipped for field operations including ongoing maintenance, reworks and drilling. The company has proven several drill opportunities in Kansas, Oklahoma and Texas and anticipates dropping new drills beginning in 2019.
According to Pilgrim CEO Sam Smith “The fully vertical integration of operations and the removal of reliance on third party operators is significant as market optimism grows and demand for equipment and labor crews increases. By moving forward with a complete playbook, we can begin to compete independently rather than as a hostage dependent on other companies”
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