3SOF

anyone who didnt buy in today will be chasing this rocket next week.
i smell an ndol in the making.

i hope so, i bought near the high tuesday and have watched it dip pretty low. need to turn around my streak of bad decisions

Well today was interesting.............Looking to jump back in, next couple of days. Nice to see a little sideways action, just waiting for confirmation.

that chart does look like its getting ready to pop again if we see news..

I dont know how much trust you put in indicators but here it is.

PGPM - PILGRIM PETROLEUM CP (OTC)
Date Open High Low Last Change Volume % Change
05/05/06 0.1300 0.1700 0.1000 0.1520 +0.0270 10393500 +21.60%


Composite Indicator
Trend Spotter TM Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 8457935

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 3486358

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 1913714

Overall Average: 96% - Buy

Price Support Pivot Point Resistance

0.1520 0.0707 0.1407 0.2107

Traders Nation is a popular website for investors.
I just checked their website and not only is the Pilgrim Petroleum's CEO webcast on the front page but also the second to last PR(stating 900 million barrrels of oil, pps$33) on the top of the Latest Headlines Section!!!!
This thing should gap up on Monday.
http://www.tradersnation.com/

News out...

Pilgrim Petroleum Corporation Announces Leases and Production Acquisition in North West Texas
Monday May 8, 10:50 am ET


IRVING, Texas--(BUSINESS WIRE)--May 8, 2006--Pilgrim Petroleum Corporation (Pink Sheets:PGPM - News) announced today new acquisitions of approximately 25 wells in a marginal production area, including several hundred undeveloped acres located in Wichita County Texas. The acquisition includes processing equipment, acreage and existing production of approximately 25 bpd to 45 bpd. Pilgrim chose these target prospects based on proven reserves and drilling success of fellow exploration firms in same Basin Region. Pilgrim Petroleum's goal is to now focus on potential drill programs and development of the most promising lease properties in its portfolio. Today current oil price structure and its know-how and cost-effective technology will contribute to targeting new prospects with low level of risk and undiscovered recoverable and unrecoverable oil by traditional technology.
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Pilgrim Petroleum Corporation CEO Rafael Pinedo said, "Future acquisitions in our target regions could give the resources necessary to build the dedicated team and to pursue further our portfolios of proven or semi-proven exploration targets all the while sustaining significant profitability without incurring additional debt."

About Pilgrim Petroleum Corporation

Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM - News). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.

I like the sideways action, jumped back in........Looking for a break out with news or volume.

Poster on Ragingbull saying he's heard a rumor on another board of a potential buy out ............who knows.

anyone here know why the French and Chinese connection with PGPM? their website can be translated to these languages.

this little tidbit of info, just popped the price up to .16....still looking for that $33.15/pps....man, if that's not optimism, i don't know what is....


Pilgrim Petroleum Announces Plans to Become a Fully Reporting Company


By BusinessWire
Last Update: 5/10/2006 1:40:02 PM Data provided by 

IRVING, Texas, May 10, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today the Company has begun the process of interviewing SEC qualified legal and accounting firms in preparation of the Company filing a Form SB1 or 10SB with the SEC to become a fully reporting public company under the provisions of Section 12(g) of the Securities and Exchange Act of 1934, as amended and or the filing of Form 211 with NASD to be listed on the OTC:BB.

The hiring of a qualified SEC legal and accounting firm is a significant step for Pilgrim Petroleum Corporation stated Rafael Pinedo, Company President. "This is the first step of many to create corporate transparency and understanding for our shareholders. This will also provide a vehicle for our investors to access financial and operational information about the Company that will be available to the public on a regular reporting basis."

Mr. Pinedo said, "Pilgrim Petroleum Corporation is involved in several lucrative acquisitions and is headed in the right direction to increase its profitability and we want to share this information with investors on a more timely basis and it is our expectation that this move will enhance our corporate image and broaden investor awareness. In the meantime, the Company will continue to communicate to shareholders and investors via press releases and our website www.bpetroleum.com concerning the Company activities."

PGPM : if you're still in look at chart. Heading up

Check out this news: I think its huge but the stock has not moved.
Any ideas anyone?

Wednesday, April 25 2007 12:50 PM, GMT-05:00

--------------------------------------------------------------------------------

Pilgrim Petroleum Reports Strong First Quarter 2007 Financial Results and Profitability

Business Wire "US Press Releases "

IRVING, Texas--(BUSINESS WIRE)--

Pilgrim Petroleum Corporation (Pink Sheets: PGPM); (FWB:PHV) today reported financial results for the first quarter ended March 31, 2007.

During the first three months ended March 31, 2007, Pilgrim's Net Income was $34,216,749 compared with $97,926 last year, an increase due to the sale of 80% of its North Texas working interests. The company still maintains its "No Debt" condition, keeping focus on its obligations solely to its stockholders. Despite of oil prices fluctuations, Pilgrim's recent acquisitions, sales of working interests and well reactivation program, have contributed to optimize and increase the company's EPS and overall value. Its Financial Statements are available at http://www.pinksheets.com/quote/finance.jsp?symbol=PGPM www.bpetroleum.com

Additionally, during April 25-26, American Petroleum Corporation, a Pilgrim's Subsidiary, will be present at the 77th Annual Meeting & Texas Petroleum Expo organized by the Texas Alliance of Energy Producers in Wichita Falls, Texas.

Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "Pilgrim's 2007 first quarter financial results put in place solid foundations to maintain its growth and profitability on operational and financial performance."

Never mind. Did some DD and this seems like BS! Lousy company and misleading news!