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Pilgrim Petroleum Corporation Pursuing Listing on Frankfurt Stock Exchange.


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  -- Pilgrim Petroleum Corporation (Pink Sheets: PGPM PGPM Plant Growth Promoting Microorganism
PGPM Pulse Group Position Modulation
PGPM Parallel Gradient Projection Method
), is pleased to announce they are aggressively pursuing the listing on the Frankfurt Stock Exchange Frankfurt Stock Exchange

The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS.
 in Germany.

The Frankfurt Stock Exchange is one of the world's largest trading centers for securities and it is the largest of the eight German stock exchanges. This leading exchange facilitates advanced electronic trading This article or section is in need of attention from an expert on the subject.
Please help recruit one or [ improve this article] yourself. See the talk page for details.
, settlement and information systems. The advanced technology enables the exchange to meet the steadily growing requirements of cross-border trading. In addition to traditional floor trading, it has one of the leading electronic trading platforms in the world known as Xetra(R).

Rafael Pinedo, Pilgrim Petroleum Corporation's president, said, "Pursuing the listing on the Frankfurt Stock Exchange is another milestone in our long-term growth strategy. With a strong interest in oil and gas projects among European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome.

This is a list of companies from the countries in the European Union.
 and investors, the FWB (Fixed Wireless Broadband) See fixed wireless.  listing will increase the Company's visibility and extend our playing field by reaching into the European market. Trading in both 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.  and Germany will provide Pilgrim Petroleum additional opportunities to the next level of commercial development." Final approval should be announced within the next week.

ABOUT THE FRANKFURT STOCK EXCHANGE (FWB).

FWB[R]Frankfurter WertpapierbErse (Frankfurt Stock Exchange) is one of the world's largest trading centers for securities. Operated by the Deutsche BErse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche BErse'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 BErse at: http://deutsche-boerse.com.

About Pilgrim Petroleum Corporation

Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company publicly traded company

A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market.
 (PGPM). 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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
: 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 12, 2006
Words:465
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