OTCPicks Featured Company: Pilgrim Petroleum Corporation (PGPM.PK)
Pilgrim Petroleum’s most valuable properties are located in the northwestern region of Texas, where they own approximately 12,000 acre properties. The properties host resources with an estimated P50 (*) of 4 millions of barrels of oil equivalent, these estimates come from "Petroleum Classification and Definitions" (2000) published in draft by the Society of Petroleum Engineers (SPE) and the World Petroleum Congress. The company is currently in a new phase which lays down a strategy with their partners and alliances for new drilling activities in their leasehold position for further categorization of reserves. The management team is focused on developing multiple…