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The Bellwether Report take time to Dig a Little Deeper into Pilgrim Petroleum Corporation.

Publication: M2 Presswire
Publication Date: 31-MAY-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 May 2006-bellwetherreport.com: The Bellwether Report take time to Dig a Little Deeper into Pilgrim Petroleum Corporation(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31052006

Pilgrim Petroleum Corporation (OTCPK:PGPM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.

Pilgrim Petroleum Corporation an independent oil and gas company, this morning announced an exclusive contract with Basic Energy Services Basic Energy, headquartered in Midland, Texas, is the nation's third largest well servicing contractor providing well repair, workover and completion services.

Effective today, Basic Energy will be providing general services on approximately 20 to 60 wells on four of our more important leases (Hooks, Lockrige, Climax, Morgan) and the reactivation of the White Meldon lease. We would like to increase our current production with an additional up...

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