Rafael Pinedo, Pilgrim Petroleum president and CEO said, "Great value and confidence bring Institutional Investors to any public corporation, we are pleased to have these groups on board."
Pilgrim Petroleum Corp. is a publicly traded, independent oil and gas company based in Irving, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production.
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