SOURCE: Lighthouse Petroleum, Inc.

April 13, 2010 17:33 ET

Lighthouse Petroleum's Brown County Acquisition Anticipated to Yield $2.5 Million

DALLAS, TX--(Marketwire - April 13, 2010) -  Lighthouse Petroleum, Inc. (PINKSHEETS: LHPT) announced today that the three wells to be acquired in Brown County could yield up to $2,500,000 over a period of five years once the work-overs have been completed and could possibly exceed this amount if the price of crude continues to rise.

According to production records, the three wells have produced over 30,000 barrels and could have an estimated total ultimate cumulative oil recovery of 100,000 barrels. The wells are approximately 2,600 feet deep and are located in the prolific Bend Arch-Ft. Worth Basin.

"With the price of crude on the rise and America's objective to reduce dependency to foreign oil provides tremendous validation to our business model," said Glen Kennedy, President of Lighthouse Petroleum, Inc. "We are continuing to negotiate for further acquisitions and our goal is to acquire over 100 wells with the possibility of generating up to $250 million in cash flow for our shareholders and create sustainable value," further added Mr. Kennedy.

Contact Info
Further updates regarding the process of bringing these wells back into production will be forthcoming. Please send all inquiries regarding this press release to

Glen Kennedy: President
Tel. (972) 863-9349

About Lighthouse Petroleum, Inc.
Lighthouse Petroleum, Inc. (PINKSHEETS: LHPT) is an oil & gas exploration and exploitation company headquartered in Dallas, Texas. The company is publicly traded on the over-the-counter Pink Sheets trading system under the symbol LHPT.

Currently, Lighthouse Petroleum is focused on acquiring oil and gas assets in both domestically and internationally. Lighthouse Petroleum's first acquisition is located within the Wind River Basin allowing Lighthouse Petroleum the opportunity to develop unproven oil and gas reserves, thus contributing to our domestic energy needs. Additionally, management is currently seeking exploitation opportunities within Texas that will complement our Diamond Springs Drilling Prospect. With the ability to acquire and exploit under producing assets, it is the Company's mission to further build upon shareholder value.

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information