Lighthouse Petroleum, Inc. Announces Business Plan For Q3 & Q4
NEW ORLEANS, LA-- (OTC Markets ? August 1, 2013) - Lighthouse Petroleum, Inc. (?Lighthouse?) (PINKSHEETS: LHPT), a growth oriented energy company focusing on the exploration and production of oil and gas, is pleased to announce that over the last two months the management team has completed a business review and has made the following recommendations to improve the value of the company.
1. Change the business model away from focusing on reworking wells and changing the management structure of the company. The first objective will be to hire a full time geologist and engineer as part of the management team. During this change over we are also recruiting new advisors and directors to assist the Board.
2. Acquire new opportunities that have the potential of new drilling both domestic and foreign. The initial primary focus area of interest for the new drilling will be along the South Eastern part of Texas (Eagle Ford Shale Region) and the Tuscaloosa Marine Shale in Louisiana. After hiring the proper management the objective will be to acquire up to two locations. The secondary location will be international opportunities.
3. Lighthouse plans on opening a subsidiary for the purpose of acquiring oil and natural gas royalty assets, mineral rights and fee mineral acreage. This subsidiary business operation will focus on the mid-continent region of the U.S. in the states of Texas, Louisiana, Oklahoma, Arkansas, Kentucky, Kansas, Colorado, New Mexico, and Colorado.
4. During Q3 and Q4 of 2013 Lighthouse plans to hire a licensed broker dealer to assist management in developing a short and long term capital strategy. The main objective is dealing with the toxic legacy debt that a dates back as far as 2006 & 2007 on the books. Management believes this is a real issue and Lighthouse plans to recruit professional assistance which will address the issue and clean the company up. .
5. Relocate the Corporation?s headquarters and hire new operators to manage the current assets of the company.
6. Launch a new interactive website to allow shareholders and investors to gain information and get better corporate updates. The new website will be catered more for mobile devices.
Forward Looking Statements
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, President
Lighthouse Petroleum, Inc.
gdanos@lighthouselhpt.com
1-985-237-1701