Article: CORRECTION/ Pilgrim Petroleum Corporation Will Begin Reserve Evaluation on Clay County (OTC:PGPM).

M2 PRESSWIRE-29 June 2007-TraderGains: CORRECTION/ Pilgrim Petroleum Corporation Will Begin Reserve Evaluation on Clay County (OTC:PGPM)(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:29062007

[THIS CORRECTED RELEASE SUPERCEDES THE PREVIOUS RELEASE WITH THE SAME HEADLINE]

Dallas, Texas - TraderGains.com reports CORRECTION/ Pilgrim Petroleum Corporation Will Begin Reserve Evaluation on Clay County.

June 29, 2007 - Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FWB:PHV), announced today that it would like to correct a previous press release dated June 28, 2007 with regards to the company's reference to Carrizo Oil and Gas (NASDAQ: CRZO) ...

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