Pilgrim Petroleum Corporation Trading on the Frankfurt Stock Exchange

Pilgrim Petroleum Corporation Trading on the Frankfurt Stock Exchange

Pilgrim Petroleum Corporation (Pink Sheets: PGPM) (Frankfurt: PHV), is pleased to announce today its common stock has been accepted for listing on the Frankfurt Stock Exchange and inclusion on its Xetra electronic trading platform. Shares commenced trading December 20, on the Frankfurt Stock Exchange, under the ticker symbol “PHV,” with the German CUSIP (WKN) “A0E TGE,” ISIN: US72147P1075.

The Company chose the Frankfurt Stock Exchange as a result of a growing interest from European investors who make up an already existing foreign shareholder base. The listing in Frankfurt will provide a more liquid market to those existing shareholders as well as make the Company more visible and accessible to new shareholders. For more information, visit our website at http://www.bpetroleum.com.


FWB(R)Frankfurter Wertpapierborse (Frankfurt Stock Exchange) is one of the world’s largest trading centers for securities. Operated by the Deutsche Borse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche Borse’s products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Borse at: http://deutsche-boerse.com.

About Pilgrim Petroleum Corporation

Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets: PGPM) (Frankfurt: PHV). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.

Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effects of economic conditions, the impact of competition, the results of financing efforts, changes in consumers’ preferences and trends. The words “estimate,” “possible,” and “seeking” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.

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