NEW ORLEANS, LA, September 3, 2013 - (ACCESSWIRE) - Lighthouse Petroleum, Inc. (OTC Pink: LHPT), a growth oriented energy company focusing on the exploration and production of oil and gas, recently appointed Gerard Danos to Chairman and Chief Executive Officer (CEO). Mr. Danos has served as President of Lighthouse Petroleum, Inc. since April 2013.
Commenting on the management changes, Mr. Danos stated, "I am pleased to be taking on the responsibilities of Chairman and CEO of our emerging oil and gas company. I am also pleased to announce we are currently in the process of adding to our management team and assembling a high-quality Board of Directors to assist in the leadership of our company."
Mr. Danos added, "We are in discussions and shortly expect to announce a Letter of Intent (LOI) to create a Joint Venture between Lighthouse and a well respected entity that would bring immediate production and revenue to the company. We are also in the final stages of completing a strategic alliance with an established financial firm that will bring access to capital in the seven figure range."
Mr. Danos commented further, "Recently, Lighthouse Petroleum, Inc. chose to sell our interests in the Perry Leases and discontinue business dealings with the current operator. Later this week, I will attend meetings to negotiate and acquire strategic leases located in Texas and Louisiana. Changes have and will continue to occur and as CEO, I will work diligently to bring value and shareholder confidence to our company and deliver on my word."
In closing, Mr. Danos stated, "I have big plans for Lighthouse Petroleum and now that I have taken the helm, I have every intention of implementing my original business strategy and position the company for future success. Opportunity now exists to put oar to water and pilot this ship in the proper direction. In the coming weeks, the company will address immediate concerns and provide our stakeholders with a detailed course of action concerning short, medium and long term company goals and objectives."
Gerard Danos, a private investor and successful entrepreneur, previously held positions with Treaty Energy Corporation, an oil and gas exploration company which operates in the United States and Central America. At Treaty Energy, Danos served in an advisory capacity from startup and later became its Chief Operating Officer, Secretary, and board member. Prior to joining Treaty Energy, he was Owner/Principal at St. Catherine's Hospice, LLC where he helped guide the company from a startup to one of the region's leading hospice providers. Mr. Danos also served as Vice President and Director for Medico, LLC, a subsidiary of Magnolia Management Corporation, a privately held company, which operates 65+ long term care facilities throughout Louisiana and Mississippi.
Mr. Danos received his Bachelor's Degree from Louisiana State University, Baton Rouge, LA.
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.
Gerard Danos, Chairman/CEO
Lighthouse Petroleum, Inc.
SOURCE: Lighthouse Petroleum, Inc.
Leave a comment...