Lighthouse Petroleum, Inc. Forms Joint Venture with Rampart du Monde Partners, LLC
May 21 2014 - 8:45AM
Access Wire
NEW ORLEANS / ACCESSWIRE / May 21, 2014 / Lighthouse
Petroleum, Inc. (OTC Markets: LHPT), an independent oil and gas
company (the "Company" or "Lighthouse"), today announced that the
company has entered into a formal joint venture participation
agreement with Rampart du Monde Partners LLC. The executed
agreement allows for the acquisition of producing oil and gas
properties with exceptional upside potential. The joint
venture is moving forward to finance and acquire a $9 million
project in the Gulf Coast area with prospects of additional future
acquisitions currently under review.
Continued project developments will follow as to the
planning/structure and progress as the two companies come together
in reaching the goals and success of this joint venture
project.
Gerard Danos, CEO of Lighthouse Petroleum, Inc. commented "The
key person in the negotiations for Rampart du Monde Partners LLC
was Tammy Billington, Business Development Partner and co-founder
of Rampart du Monde Partners. Ms. Billington is an
experienced project coordinator and generator with broad contacts
throughout the investment banking and investor relations business
community.
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 http://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.
Corporate Contact:
Gerard Danos, Chairman/CEO
Lighthouse Petroleum, Inc.
Email: gdanos@lighthousepetroleuminc.com
Tel: 985-237-1701
Media Contact:
Ron Irwin
Email: drcommunicator@gmail.com
Tel: 310-908-0889
Source: Lighthouse Petroleum, Inc.