Pilgrim Petroleum Corporation reports increased production of an average of approximately 10% over the last month, after rework of two additional re-activated wells.

In addition it has begun the process of interviewing qualified geology and engineer firms for its additional reserve evaluation estimates; the additional work is for the new properties unaccounted from the last reserve report. Pilgrim continues to complete the design for extensive 9 wells on the Archer County area for July 2008.

Pilgrim Petroleum Corporation Vice President of Operations Jerry Schilling said, "Pilgrim's Reactivation Program has shown significant progress since its implementation; operations will continue to bring back more inactive wells into production and optimize our existent oil & gas production through reduced production cost, improved production rates and increased ultimate recovery."

Tags: Pilgrim Petroleum Corporation