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Lighthouse Petroleum, Inc. Announces Successful Re-Entry of its Perry #2A Well in Haskell County, Texas
Lighthouse Petroleum, Inc. Announces Successful Re-Entry of its Perry #2A Well in Haskell County, Texas.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nLighthouse Petroleum, Inc. Announces Successful Re-Entry of its Perry #2A Well in Haskell County, Texas\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nLighthouse Petroleum, Inc. Announces Successful Re-Entry of its Perry #2A Well in Haskell County, Texas\n\nWith the Re-Entry of Perry #2A, the Company Now Has Two Wells Producing Oil on the Perry Lease\n\nPR Newswire\n\nNEW YORK, June 3, 2013\n\n\n\n\n\n\n\nNEW YORK, June 3, 2013 /PRNewswire/ -- Lighthouse Petroleum, Inc. (\"Lighthouse\") (PINKSHEETS: LHPT), a growth-oriented energy company focusing on the exploration and production of oil and gas, today announces the successful re-entry operations at its Perry #2A well within its Perry Lease in Haskell County, TX. \n\n\n\nOn Thursday, May 30, 2013, Lighthouse Petroleum re-entered the existing Perry #2A well, removed all rods and tubing, ran a wire line log utilizing both gamma ray and neutron technology, replaced the tubing, acidized the well, and replaced the rods. A successful fluid test was then performed and the well was then placed into production on Saturday, June 1, 2013. \n\n\nLighthouse Petroleum President, Gerard Danos, who was on-site from start to finish of the project stated, \"In keeping with our business strategy of finding and bringing online undervalued oil wells and increasing production of current leases, management reviewed the historical data on our Perry #2A well. We determined that allocating funds and resources to re-enter this well was warranted. I am extremely pleased that not only were we successful in bringing the well into production, we were able to do it within budget. The two well completions on the Perry Lease promise to provide a significant boost to volumes and we are extremely excited about this outcome. Additionally, it contributes considerable upside to our growing production profile with the benefit of significantly increasing our future financial flexibility. From all respects, this project further advances our core strategy as we seek to become a rapidly growing, oil and gas compa...