investor

Corporate Governance

The Board is accountable to shareholders for sustainable financial performance and long-term shareholder value. It meets these aims by approving the Group’s strategy and ensuring that the necessary resources are in place to achieve the agreed strategic aims and objectives. It determines the Company’s key policies and reviews management and financial performance. The Board operates within a framework of controls and these clear procedures, lines of responsibility and delegated authorities allow risk to be assessed and managed effectively. These are underpinned by the Board’s work to set the Group’s core values and standards of business conduct and ensure that these, together with the Group’s obligations to its stakeholders, are widely understood across all its activities.The Board, as part of its role in providing strategic oversight and stewardship of the Company, is responsible for maintaining a sound risk management and internal control system. As part of that system, the Board determines principal risks and sets respective risk tolerance/appetite levels.

company at a glance


Stock Symbol: US OTC: PGPM
Stock Exchange: OTC
State of Incorporation: (Delaware) (Wyoming) (Texas)
Formerly BNP Petroleum Corporation until 7-05
Pilgrim Petroleum Corporation is a subsidiary of Pilgrim Petroleum PLC (Private Corporation)


BOARD COMPOSITION

The Board currently comprises a Chairman, Chief Executive Officer, other Executive Directors. Together, they bring a broad range of business, commercial and other relevant experience. The Board are of the view that there is an appropriate balance of skills, experience, independence and diversity of background amongst the members to carry out duties and responsibilities effectively. The Board has established the following principal Committees, each of which has written terms of reference (approved by the Board) setting out its authority and duties: Audit Committee, HR Committee,Legal Committee, EHS Committee, Ethics and Compliance Committee.

Management and Board:


Samuel Carl Smith, Chairman, CEO and Director


Malik Hussain, VP of Exploration, Director


Gerald Moreland, VP of Field Services


Corporate Address USA:
5057 Keller Springs Drive, Suite 300
Addison, TX 75001

Transfer Agent:
Securities Transfer Corporation
2591 Dallas Parkway
Frisco, TX 75034

Certified Public Accountant:
Bulloch Dupertuis Seger & Company
17101 Preston Road
Dallas, TX 75248

Press Releases

Addison, April 27, 2017 /PRNewswire / Pilgrim Petroleum Corporation Announces Plans to file Disclosures on OTC Markets
Addison, May 10, 2017 /PRNewswire /Pilgrim Petroleum Corporation Issue Letter to Shareholders