SOURCE: Lighthouse Petroleum, Inc.

February 15, 2011 09:00 ET

Lighthouse Petroleum Targets Acquisition of Additional Projects

DALLAS, TX--(Marketwire - February 15, 2011) - Lighthouse Petroleum (PINKSHEETS: LHPT) has begun reviewing and analyzing several potential new projects for the Company. The Company's Management plans to identify and target 2 to 3 new opportunities in the first half of 2011. Lighthouse's primary geographic focus will be properties located in Texas with a secondary view to additional properties located elsewhere within the United States. Management's main focus during the first half of 2011 is to increase the Company's assets and opportunities by attempting to secure solid projects through a combination of leasing land with drilling possibilities and operating wells. "Based on the current market, I believe it is our best interest to target oil properties with the correct mix of geological and economic analysis. I believe there are enough domestic opportunities to build a solid foundation," said Glen Kennedy, CEO.

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. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Contact Information

  • Contact

    Glen Kennedy
    CEO
    Lighthouse Petroleum, Inc.
    1-972-342-2525