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Follow on Google News | Pilgrim Petroleum Corporation Announces Corporate Update to Shareholders and Operations Q1-2018By: Pilgrim Petroleum Pilgrim Petroleum is a leaseholder, mineral owner and a net revenue interest driven company and not an operating company, we operate our assets through bonded operators only. Our Business model as E&P company has not changed since we started in 1997. Pilgrim continues to complete the design for two wells on the Woodford shale play area for Q2 2018. Well rework activities continue through operators in the state of Oklahoma. Management is still on schedule with regard to announcements upon completion of due diligence to be completed in February 2018, more information with details of the distribution of shares, and logistics will be available via PR "Press Release". Legal Notice Regarding Forward-Looking Statements: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward-Looking Statements: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the company's exploration and development efforts; the price of oil, gas and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company's capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the company's ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward- Shareholder inquiries: info@pilgrimpetroleum.com End
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