Lighthouse Petroleum Inc. Announces Execution of Joint Venture Term Sheet With Rampart du Monde Partners, LLC
April 29 2014 - 9:00AM
Lighthouse Petroleum, Inc. (OTC Markets:LHPT), an independent oil
and gas company (the "Company" or "Lighthouse"), today announced
that the company has executed a term sheet for a Participation
Agreement (commonly called a "joint venture" in the industry) with
Rampart du Monde Partners LLC to acquire producing oil and gas
properties with upside potential. The first acquisition is
anticipated to be approximately $9 million and may close within the
next 3-6 months. Other projects have been identified for
potential acquisition. Rampart du Monde Partners LLC is a
private Nevada corporation whose business plan is to acquire,
manage, and develop oil and gas properties, principally in the Gulf
Coast area. The principals of Rampart du Monde Partners LLC
are Rampart Development and Investment Partners LLC whose
co-founder and managing partner is William A Sawyer, co-founder and
former CEO of Lucas Energy, Inc. (a public company on the NYSE
MKT), and Mickey Christian, co-founder and former principal in the
investment firm of Caywood-Christian Capital Management. More
information will be available in the near future.
Gerard Danos, CEO of Lighthouse Petroleum, Inc., commented,
"This is a new day and a great step forward for the company being
able to partner up with a company whose founder has more than 40
years of experience in the oil and gas business."
About Lighthouse Petroleum, Inc.
Lighthouse Petroleum, Inc., a Delaware Corporation, is an
independent oil and gas company based in New Orleans, Louisiana.
The company acquires oil and gas properties, and looks for
underlying value. Our goal for the current year is production and
revenue growth, and expansion of our asset base using joint
ventures.
For more information, please visit the updated Lighthouse
Petroleum web site at www.lighthousepetroleum.com. Lighthouse has
updated the website to help increase the company's transparency and
provide additional communication about operations.
Forward Looking Statement
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: Gerard Danos, Chairman/CEO
Lighthouse Petroleum, Inc.
info@lighthousepetroleuminc.com
1-985-237-1701