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Pilgrim Petroleum provides update on Texas operations


Published Jul 5, 2010
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Pilgrim Petroleum in negotiations to acquire production and acreage in the Texas Barnett Shale-Spotlight

Pilgrim Petroleum continues to engage investors for both re-work and discovery well projects in Archer and Wichita Counties, Texas.

Pilgrim is also in negotiations with investment banking advisors concerning capital acquisition through equity and/or hydrocarbon interests and the negotiation of capitalization instruments from interested investment parties as well as the negotiation of convertible notes soon to be payable to the company from an oil and gas exploration company.

Pilgrim is also actively seeking and negotiating additional producing property acquisitions in both Texas RRC Districts 9 and 7b.

Tags: Pilgrim Petroleum Corporation




   

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