Message #29 From:
NewsBot Date: December 22, 2006 04:28:00 AM
PGPM News Pilgrim Petroleum Corporation Trading on the Frankfurt Stock Exchange
IRVING, Texas--(BUSINESS WIRE)--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.
ABOUT THE FRANKFURT STOCK EXCHANGE (FWB)
FWB®Frankfurter Wertpapierbörse
(Frankfurt Stock Exchange) is one of the world's largest trading centers
for securities. Operated by the Deutsche Börse
AG, FWB is the largest of the eight Germany stock exchanges. The
Deutsche Börse'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 Börse
at: http://deutsche-boerse.com.
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.
