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Article Excerpt
M2 PRESSWIRE-31 July 2006-TradersWorks.com: TODAY`S STOCK ALERT! GAINERS AND VOLUME LEADERS- PGPM Acreage Acquisition, SPCI, ONEV, CBCL - July 31, 2006(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:31072006
Dallas, Texas - TradersWorks today: PILGRIM PETROLEUM CORPORATION (OTC:PGPM); SportsNuts, Inc. (OTCBB:SPCI); One Voice Technologies, Inc. (OTCBB: ONEV); Cybertel Capital Corporation (OTCBB:CBCL)
Oil Brief: NYMEX price is $73.65, while Brent maintains $74.36 per barrel. Energy News and more in TradersWorks.com.
Investors, day traders and the financial community follow PILGRIM PETROLEUM (OTC: PGPM) most recent developments today.
Pilgrim Petroleum Corporation (OTC: PGPM), an independent oil and gas company, announced today the acquisition of approximately 15,700 total acres in Clay County near the Barnett Shale, the best play in the country. The property has history of great production on the surrounding area. Some seismic data is available with this acquisition, which will facilitate a reserve report. This acquisition is expected to close within 7-14 days. This property will be added to our asset portfolio for the Final Gustavson Report. Rafael Pinedo, Pilgrim Petroleum CEO-President said, "Each acquisition builds our natural energy reserve base. We will continue to acquire properties to increase our asset value. More wells will be on line throughout 2006 in order to increase our residual revenue."
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