General Energy Corporation Announces Strategic Alliance.DALLAS -- General Energy Corporation, with offices in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , and Montreal, Quebec, today announces a strategic alliance with Huizhou Engineering Co. Ltd and SEWAN Limited, both of China, to develop and manufacture land and offshore workover equipment and portable trailer drilling rigs. Both of these companies have successfully acquired contracts in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , China and England. The alliance will be named GHS GHS Globally Harmonized System (of Classification and Labeling of Chemicals) GHS Greenwich High School (Connecticut) GHS Green Hills Software, Inc. Energy, with a main office in Montreal, and will be lead by managing director Rafael Pinedo. General Energy Corporation is a direct affiliate of Pilgrim Petroleum Corporation (Pink Sheets: PGPM PGPM Plant Growth Promoting Microorganism PGPM Pulse Group Position Modulation PGPM Parallel Gradient Projection Method ), lead by President and Chief Executive Officer Rafael Pinedo. Effective immediately, GHS Energy will begin marketing services in Canada and in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. early next year. Mr. Pinedo said, "We are very pleased to have interest in such an outstanding joint venture with great value in cost of drilling, loss of production, manpower, safety and reliability." About General Energy Corporation General Energy Corporation is a privately held Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. with offices in Dallas, Texas, and Montreal, Quebec. The company is an oil & gas operator and oilfield machinery servicer, including drilling and workover operations. About Pilgrim Petroleum Corporation. Pilgrim Petroleum (Pink Sheets:PGPM) Corporation is an independent oil and gas company based in Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to . The company acquires oil and gas leases, producing properties, mineral rights and surface interests primarily on marginal fields. Once acquired, the company intends to redevelop re·de·vel·op v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops v.tr. 1. To develop (something) again. 2. each property to maximize the income from each property 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 effect 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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