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Lighthouse Petroleum Inc. Announces Execution of Joint Venture Term Sheet With Rampart du Monde Partners, LLC
Lighthouse Petroleum Inc. Announces Execution of Joint Venture Term Sheet With Rampart du Monde Partners, LLC.
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[{"type":"text","content":"\nNEW ORLEANS, April 29, 2014 (GLOBE NEWSWIRE) -- 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. \n\n\tGerard 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.\"\n\n\tAbout Lighthouse Petroleum, Inc.\n\n\tLighthouse 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.\n\n\tFor 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.\n\n\tForward Looking Statement \n\n\tThis 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 pro...