Pilgrim Petroleum Corporation is a Texas based oil and gas exploration and development (E&D) company with domestic producing crude oil and natural gas properties. The company has positioned itself and its shareholders to take advantage of the supply needs in the energy sector by providing domestically produced resources. The Company’s management and operational team have extensive oil and gas industry expertise as well as capital market experience. Our combined strengths allow the company to run at maximum efficiency while exploiting the full potential of our properties to maximize production.
Pilgrim Petroleum Corporation Focus on maximum development of existing fields in core areas, Increase our probable and proven reserve estimates through acquisitions and development of new properties, utilize innovative, cost-effective technologies such as pressure maintainance to enhance production as well as use modern technologies such as 3-D seismic and aeromagnetic surveying to reveal untapped reservoirs. Our vision is to create an exploration-led and sustainable cash generative oil and gas business offering shareholders exposure to material capital growth potential. We create, add and realise value within a self funding business, using either balance sheet cash or operating cash flow to fund exploration. We focus on identifying assets that are capable of providing significant and sustainable growth, capturing as high an equity position as possible in frontier areas, using our strong technical and commercial expertise and working with our partners to take our assets from discovery to development safely.
Supporting our people People are our most important asset and helping them develop their skills and abilities ensures we continue to work towards our goals. We encourage them to realise their potential and provide them with a supportive workplace in which diversity and equality are respected and valued. The health and safety of our people is also vitally important to us. Throughout our global activities we ensure our people have a healthy, safe and secure workplace.
Protecting the environment The safety of the environment where we operate is also vitally important to us. Throughout our global activities before operating in any new area, we assess the potential impacts of our activities in order to avoid any impact where possible, and if not possible in order to identify ways to mitigate against these and design our plans accordingly.
Contributing to local communities Wherever we work, we aim to develop long-term partnerships with local communities and work with them where possible to develop sustainable economic, social and environmental initiatives. We encourage local people to contribute to, and benefit from, our projects and believe that by working together we can succeed together. The benefits from our operations can include: energy, infrastructure, employment and trade with local enterprises.