NEW YORK, Dec. 22, 2011 /PRNewswire/ -- Lighthouse
Petroleum, Inc. (OTC Pink: LHPT) wishes all the shareholders
Season's Greetings. "This last year has seen Lighthouse have many
changes and challenges with the development of our company. I am
committed to building Lighthouse into a solid company," said
Todd Violette, CEO.
Lighthouse is currently in discussions regarding two different
opportunities in Texas and has
been looking to acquire mineral rights in two provinces in
Canada. Lighthouse's focus for Q1
and Q2 2012 will be on acquiring a series of re-entry projects in
Texas and acquiring mineral rights
in Canada. Currently, management's
focus in 2012 will be Oil. Lighthouse's strategy is to acquire
proven oil wells that can be reentered with the goal of producing
cash flow quickly. We are targeting wells, which estimations say
can produce between 2-6 BOE a day with a decline rate over time.
Lighthouse's business plan is based upon the current capital
position. The plan calls for targeting these types of wells because
management believes it reduces our barrier to enter this market
place.
About Lighthouse Petroleum, Inc.
Lighthouse Petroleum, Inc. is in the initial development as a
junior oil and gas company. Lighthouse's initial focus will be on
acquiring abandoned wells and land leases believed to still has
sustainable development opportunities. Lighthouse believes the use
of modern technology will enable the company to reduce it risk in
the initial phase of development and open up new
opportunities Lighthouse plans to create a base cash flow
from reentering these wells and establish the network to acquire
additional land asset in our targeted areas. The management's
focus is on acquiring and developing assets located in the Permian
Basin and Arch- Fort Worth
Basin. Lighthouse is a growth orientated junior oil & gas
company that trades on the OTC markets under the symbol "LHPT".
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks.
Lighthouse Petroleum , Inc. is an exploration company with limited
experience in the oil and gas industry. At the time of this release
Lighthouse Petroleum Inc., lacks the financial capabilities to meet
its financial obligations and its management expects to dilute the
company's shares to raise the necessary operating capital. Based
upon industry standards Lighthouse would be considered highly
speculative and lacks any competitive advantage over its
competition. Additional risks you should consider are that this
list is limited and additional risk not mentioned may apply:
failure to meet Lighthouse's financial and contractual obligations,
Lighthouse's managerial errors made based upon the Company's
limited experience and knowledge of the industry, commodity risk,
acts of God and regulatory risk. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements.
Contact
Todd Violette, CEO
Lighthouse Petroleum, Inc.
1-403-241-5498
info@lighthouselhpt.com
SOURCE Lighthouse Petroleum, Inc.