Pilgrim Petroleum Corp (PGPM)

Pilgrim Petroleum Corporation has positioned itself and its shareholders to take advantage of the supply needs in the energy sector by providing domestically produced resources. In addition, Pilgrim Petroleum is not an operator but provides oil and gas services to 3rd party operators and partners in the areas of Consulting, Development, Aviation, and Enhanced Oil Recovery. Currently, Pilgrim Petroleum is concentrating its efforts in acquiring more prospects around the area and providing Industry services to small and medium E&P companies. The Company focuses on maximum development of existing fields in core areas, increase their probable and proven reserve estimates through acquisitions and development of new properties, utilize innovative, cost-effective technologies such as pressure maintenance to enhance production as well as use modern technologies such as 3-D seismic and aeromagnetic surveying to reveal untapped reservoirs.