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: [email protected]
Tel: 985-237-1701
Media Contact:
Ron Irwin
Email: [email protected]
Tel: 310-908-0889
Source: Lighthouse Petroleum, Inc.